Print Page  Close Window

SEC Filings

KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document

                          Independent Auditors' Report

To The Board of Directors and Stockholders
Key Energy Group, Inc.

We have  audited  the  accompanying  consolidated  balance  sheets of Key Energy
Group,  Inc.  and  Subsidiaries  as of June 30,  1995 and 1994,  and the related
consolidated statements of operations,  stockholders' equity (deficit), and cash
flows for the years then ended. These consolidated  financial statements are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these consolidated financial statements based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly, in all material  respects,  the financial  position of Key Energy Group,
Inc.  and  Subsidiaries  as of June 30, 1995 and 1994,  and the results of their
operations  and their cash flows for the years  then  ended in  conformity  with
generally accepted accounting principles.

                                            KPMG PEAT MARWICK LLP

Midland, Texas
September 14, 1995 (except with respect to the matters  

                   discussed in Note 18, as to which the 
                   date is November 28, 1995)