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S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
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                             KEY ENERGY GROUP, INC.
                UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS


         The Unaudited Pro Forma Combined Financial  Statements of Key have been
prepared to give effect to the acquisition of the West Texas assets of WellTech,
Inc.  ("WellTech  West Texas") in August 1994, the acquisition of certain assets
of Clint Hurt  Drilling  in April  1995,  the Merger  and  WellTech's  increased
ownership of Servicios WellTech S.A.  ("Servicios") in April 1995. The Unaudited
Pro Forma Combined Financial Statements of Key are not necessarily indicative of
the financial results for the periods presented had the acquisitions of WellTech
West Texas and Clint Hurt  Drilling  and the  Merger  and  WellTech's  increased
ownership of Servicios taken place on July 1, 1994. In addition,  future results
may vary significantly from the results reflected in the accompanying  Unaudited
Pro Forma Combined Financial Statements because of, among other factors,  normal
oil and gas  production  declines,  changes in products and services  prices and
future  acquisitions.  This  information  should be read in conjunction with the
consolidated   financial   statements  of  Key  (and  related   notes)  and  the
consolidated  financial statements of WellTech (and related notes), all included
elsewhere in this Proxy Statement-Prospectus.


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