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SEC Filings

S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document
 
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CERTAIN CONSIDERATIONS RELATING TO THE TRANSACTION....................... 22
         Reasons for the Transaction; Recommendation of 
           Key Board of Directors........................................ 22

    
   
         Advantages and Disadvantages of the Merger.......................22
    
         Opinion of Financial Advisor to Key............................. 22
         Comparative Per Share Information............................... 27

 RISK FACTORS............................................................ 28
         Cautionary Statement for Purposes of the "Safe Harbor" 
           Provisions of the Private Securities Litigation 
           Reform Act of 1995............................................ 28
         Substantial Leverage and History of Losses...................... 29
         Cross-Guaranty and Cross-Collateralization of the
           New Indebtedness.............................................. 29
         Potential Obstacles to Integration of WellTech.................. 30
         Customer Response to the Transaction............................ 30
         WellTech Shareholder Ownership of Key Common Stock.............. 30
         Possible Volatility of Stock Price.............................. 30
         No Intention to Pay Dividends................................... 31
         Regulation and Competition in the Well 
           Servicing Industry............................................ 31
         International Investments....................................... 31
         Anti-Takeover Effect of Certain Provisions of 
          Key's Articles and By-Laws..................................... 31

BUSINESS AND PROPERTIES OF KEY .......................................... 32
         General  ....................................................... 32
         Recent Developments ............................................ 32
                  The Merger and the Interim Operations Agreement........ 32
                  New Indebtedness....................................... 33
                  Acquisition of Clint Hurt Assets....................... 34
                  Acquisition of WellTech West Texas..................... 34
         Business ....................................................... 34
                  Oil Field Services..................................... 34
                  Oil and Gas Production................................. 35
                  Oil and Gas Drilling................................... 37
         Competition and Other External Factors.......................... 38
         Property ....................................................... 38
         Employees....................................................... 39
         Regulation...................................................... 39
         Legal Proceedings............................................... 39

PRICE RANGE OF KEY COMMON STOCK.......................................... 40

BUSINESS AND PROPERTIES OF WELLTECH...................................... 41
         General  ....................................................... 41
         Recent Developments............................................. 42
                  The Merger and the Interim Operations Agreement........ 42
                  Dawson WellTech........................................ 42
         Domestic Operations............................................. 42
         Foreign Operations.............................................. 42
         Employees....................................................... 43
         Legal Proceedings............................................... 43
         Competition and Other External Factors.......................... 43
         Regulation...................................................... 44

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