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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. and Subsidiaries
                                                 UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS
                                                           Twelve Months Ended June 30, 1995
                                                    (In thousands, except share and per share data)


                                                                WellTech,   Clint Hurt    Servicios    Pro Forma     Pro Forma
                                                     Key            Inc      Drilling      WellTech      Entries      Combined

<S>                                           <C>            <C>          <C>         <C>              <C>            <C>

REVENUES:
   Oilfield service                             $      40,105 $     55,507 $        -  $        7,898                   $ 103,510
   Oil and gas                                          2,334            -          -               -                       2,334
   Oil and gas well drilling                            1,932        3,565      5,797               -                      11,294
   Other, net                                             318        2,587          -            (398)                      2,507
- -----------------------------------------------------------------------------------------------------                 -----------
                                                       44,689       61,659      5,797           7,500                     119,645
- -----------------------------------------------------------------------------------------------------                 ----------- 
COSTS AND EXPENSES

   Oilfield services                                   30,592       43,705          -           5,620    (2,175)  (f)      77,742
   Oil and gas                                            757            -          -               -                         757
   Oil and gas well drilling                            1,444        3,858      4,333               -      (325)  (f)       9,310
   Depreciation, depletion and amortization             2,738        2,863          -             534       100   (d)       6,235
   General and administrative                           4,352        9,557      1,165           2,609    (1,500)  (f)      16,183
   Interest                                             1,478        1,227          -             370      (386)  (c)       2,689
   Equity in (earnings) losses of
      unconsolidated investees
                                                            -          632          -               -      (632)  (b)           -
   Minority interest in net loss (income) 
   of consolidated subsidiary                               -           90          -               -      (604)  (e)       (514)
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                                                       41,361       61,932      5,498           9,133                     112,402
- -----------------------------------------------------------------------------------------------------                 -----------

Income (loss) before income taxes                       3,328        (273)        299          (1,633)                      7,243

Income tax expense                                      1,150           -           -               -      1,218  (g)       2,368

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NET INCOME  (LOSS)                              $       2,178 $      (273) $      299  $       (1,633)                  $   4,875

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EARNINGS PER SHARE :

  Income (loss) before income taxes                     $0.50      ($0.78)                                                  $0.70
  Net income (loss)                                     $0.33      ($0.78)                                                  $0.48
WEIGHTED AVERAGE SHARES OUTSTANDING:                    6,647         349                                                  10,106
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See accompanying notes to unaudited pro forma combined financial statements


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