<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Key Energy Group, Inc.
----------------------
(Name of Issuer)
Common Stock, $.10 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
492914106
- --------------------------------------------------------------------------------
(CUSIP Number)
Richard A. Massman, Esq.
Fountain Place, 20th Floor
1445 Ross at Field
Dallas, Texas 75202
(214) 978-8000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 4, 1996
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]
Check the following box if a fee is being paid with the statement. [x] (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages(s))
Page 1 of 11 Pages
Exhibit Index located on page 9.
<PAGE> 2
CUSIP NO. 492914106 Page 2 of 11 Pages
----------------- ----- -----
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RRH Corporation
- --------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Source of Funds*
00 (See Item 3)
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0
Shares ---------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 917,500
Each ---------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With ---------------------------------------------------
10 Shared Dispositive Power
917,500
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
917,500
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares*
[ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.05%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 492914106 Page 3 of 11 Pages
----------------- ----- -----
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Hunt Consolidated, Inc.
- --------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Source of Funds*
00 (See Item 3)
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0
Shares ---------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 917,500
Each ---------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With ---------------------------------------------------
10 Shared Dispositive Power
917,500
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
917,500
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares*
[ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.05%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 492914106 Page 4 of 11 Pages
---------------- ----- -----
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Hunt Oil Company
- --------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Source of Funds*
00 (See Item 3)
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0
Shares ---------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 917,500
Each ---------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With ---------------------------------------------------
10 Shared Dispositive Power
917,500
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
917,500
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares*
[ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.05%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 492914106 Page 5 of 11 Pages
----------------- ----- -----
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Loyal Trust No. 1
- --------------------------------------------------------------------------------
2
Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 Source of Funds*
00 (See Item 3)
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Texas
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of 0
Shares ---------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By 917,500
Each ---------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With ---------------------------------------------------
10 Shared Dispositive Power
917,500
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
917,500
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares*
[ ]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
8.05%
- --------------------------------------------------------------------------------
14 Type of Reporting Person*
00 (See Item 2)
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
Item 1. Security and Issuer.
The class of equity securities to which this Statement relates is the
Common Stock, $.10 par value ("Key Common Stock"), of Key Energy Group, Inc., a
Maryland corporation (the "Company"). The address of the principal executive
offices of the Company is Two Tower Center, Tenth Floor, East Brunswick, New
Jersey 08816.
Item 2. Identity and Background.
Hunt Oil Company, a Delaware corporation ("Hunt"), Hunt Consolidated,
Inc., a Delaware corporation ("Consolidated"), RRH Corporation, a Delaware
corporation ("RRH"), and Loyal Trust No. 1, a Texas private trust (the "Trust")
are filing this Statement. The address of the principal place of business and
principal office of each of Hunt, Consolidated, RRH and Loyal is Fountain
Place, 20th Floor, 1445 Ross at Field, Dallas, Texas 75202.
(a)-(c), (f). Hunt is a private company principally engaged in the
exploration for and development and production of oil and natural gas.
Consolidated and RRH are private investment vehicles of the Hunt family. Loyal
is a private trust that holds various investments, including voting common
stock of RRH. The name; business address; present principal occupation or
employment; and the name, principal business and address of each corporation or
other organization in which such occupation or employment is conducted for each
executive officer or director, each controlling person, and each executive
officer or director of such controlling person of Hunt, Consolidated, RRH and
Loyal are set forth on Schedule 1 hereto, which Schedule is incorporated herein
by reference. All such persons are United States citizens.
(d) and (e). Neither Hunt, Consolidated, RRH or Loyal, nor, to the best
knowledge of Hunt, Consolidated, RRH or Loyal, any of the persons listed on
Schedule 1 attached hereto, has during the last five years (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation of such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Hunt all of the acquired 917,500 shares of Key Common Stock (the
"Shares") it currently holds pursuant to the terms of that certain Plan and
Agreement of Merger among the Company, WellTech Eastern, Inc. ("WellTech"),
Hunt and Brooks Well Servicing, Inc. ("Brooks"), dated as of November 22, 1996
(the "Merger Agreement"). Brooks was a wholly-owned subsidiary of Hunt.
Pursuant to the terms of the Merger Agreement, Brooks was merged with and into
Well Tech, a wholly-owned subsidiary of the Company, and WellTech was the
surviving corporation. At the effective time of the merger of Brooks with and
into WellTech, the 167 shares of capital stock of Brooks held by Hunt were
converted into 917,500 shares of Key Common Stock.
Page 6 of 11
<PAGE> 7
Item 4. Purpose of Transaction.
Hunt acquired the Shares pursuant to the terms of the Merger Agreement
and is holding them for investment purposes.
Item 5. Interest in the Securities of the Issuer.
(a)(b) Hunt holds 917,500 shares of Key Common Stock directly. Loyal,
RRH and Consolidated may be deemed to share dispositive and voting power with
Hunt with respect to such shares and therefore each may be deemed to own
beneficially the shares which Hunt beneficially owns.
On the basis of information supplied to Hunt by the Company, the Company
has 11,398,029 issued and outstanding shares of Key Common Stock. On the basis
of such disclosure, Hunt beneficially owns 8.05% of the issued and outstanding
shares of Common Stock.
(c) Except as set forth herein, neither Hunt nor any person named in
response to Item 2 (including those persons named in Schedule 1 attached
hereto) has engaged in any transaction with respect to the Key Common Stock
during the past 60 days.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer.
None.
Page 7 of 11
<PAGE> 8
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: December 13, 1996 HUNT OIL COMPANY, a Delaware
corporation
By: /s/ Gary T. Hurford
------------------------------------
Name: Gary T. Hurford
Title: President
Date: December 13, 1996 HUNT CONSOLIDATED, INC., a Delaware
corporation
By: /s/ Richard A. Massman
------------------------------------
Name: Richard A. Massman
Title: Senior Vice President, General
Counsel and Secretary
Date: December 13, 1996 RRH CORPORATION, a Delaware
corporation
By: /s/ Richard A. Massman
------------------------------------
Name: Richard A. Massman
Title: Senior Vice President, General
Counsel and Secretary
LOYAL TRUST NO. 1, a Texas private
trust
Date: December 13, 1996 By: /s/ Richard A. Massman
------------------------------------
Richard A. Massman, Attorney-in-Fact
Page 8 of 11
<PAGE> 9
SCHEDULE 1
CERTAIN INFORMATION REGARDING DIRECTORS, EXECUTIVE OFFICERS
AND CONTROLLING PERSONS OF HUNT OIL COMPANY,
HUNT CONSOLIDATED, INC., AND RRH CORPORATION
1. HUNT OIL COMPANY
<TABLE>
<CAPTION>
Name and Position Business Address Present Occupation
----------------- ---------------- ------------------
<S> <C> <C>
Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer
Director, Chairman and CEO Dallas, Texas 75202 of HCI and the parent company for
several operating businesses
Gary T. Hurford 1445 Ross at Field, 17th Floor *
Director and President Dallas, Texas 75202
James B. Jennings 1445 Ross at Field, 17th Floor *
Director, and Executive President Dallas, Texas 75202
Thomas E. Meurer 1445 Ross at Field, 17th Floor *
Director and Senior Vice Dallas, Texas 75202
President-Administration
Donald F. Robillard, Jr. 1445 Ross at Field, 17th Floor *
Director and Senior Dallas, Texas 75202
Vice President-Finance
John R. Scott 1445 Ross at Field, 17th Floor *
Director, Vice President, Secretary Dallas, Texas 75202
and General Counsel
George W. Slaughter 1445 Ross at Field, 17th Floor *
Senior Vice President-Production Dallas, Texas 75202
Michael M. Cobb 1445 Ross at Field, 17th Floor *
Senior Vice President-Production Dallas, Texas 75202
Ian D. Maycoch 1445 Ross at Field, 17th Floor *
Senior Vice President-Exploration Dallas, Texas 75202
Carl Boetticher 1445 Ross at Field, 17th Floor *
Vice President-Tax Dallas, Texas 75202
Harry M. Dombroski 1445 Ross at Field, 17th Floor *
Vice President and Treasurer Dallas, Texas 75202
Arie C. Britt 1445 Ross at Field, 17th Floor *
Vice President-Oil and Gas Marketing Dallas, Texas 75202
E. Anthony Copp 1445 Ross at Field, 17th Floor *
Vice President-Corporate Finance Dallas, Texas 75202
Thomas J. Cwikla 1445 Ross at Field, 17th Floor *
Vice President-Exploration Dallas, Texas 75202
William J. Furr 1445 Ross at Field, 17th Floor *
Vice President-Drilling Dallas, Texas 75202
Charles A. Mills 1445 Ross at Field, 17th Floor *
Vice President-Human Resources Dallas, Texas 75202
James C. Oberwetter 1445 Ross at Field, 17th Floor *
Vice President-Public and Dallas, Texas 75202
Governmental Affairs
Max A. Perkins 1445 Ross at Field, 17th Floor *
Vice President-Exploration Dallas, Texas 75202
</TABLE>
Page 9 of 11
<PAGE> 10
<TABLE>
<CAPTION>
Name and Position Business Address Present Occupation
----------------- ---------------- ------------------
<S> <C> <C>
Thomas J. Reed 1445 Ross at Field, 17th Floor *
Vice President Dallas, Texas 75202
Jacquelyn Andrews 1445 Ross at Field, 17th Floor *
Assistant Secretary and Dallas, Texas 75202
Assistant Treasurer
Gerald M. Bendo 1445 Ross at Field, 17th Floor *
Assistant Secretary Dallas, Texas 75202
Wayne Powell 1445 Ross at Field, 17th Floor *
Corporate Controller Dallas, Texas 75202
</TABLE>
2. HUNT CONSOLIDATED, INC.
<TABLE>
<CAPTION>
Name and Position Business Address Present Occupation
----------------- ---------------- ------------------
<S> <C> <C>
Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer
Director, Chairman, Chief Executive Dallas, Texas 75202 of Hunt Consolidated, Inc. ("HCI"), a
Officer and President Delaware corporation and the parent
company for several operating
businesses
Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General
Director, Senior Vice President, Dallas, Texas 75202 Counsel of HCI
General Counsel and Secretary
Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI
Director, Senior Vice President Dallas, Texas 75202
J.D. Dell 1445 Ross at Field, 17th Floor *
Vice President and Tax Counsel Dallas, Texas 75202
</TABLE>
3. RRH CORPORATION
<TABLE>
<CAPTION>
Name and Position Business Address Present Occupation
----------------- ---------------- ------------------
<S> <C> <C>
Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer
Director, Chairman, Chief Executive Dallas, Texas 75202 of HCI and the parent company for
Officer and President several operating businesses
Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General
Director, Senior Vice President, Dallas, Texas 75202 Counsel of HCI
General Counsel and Secretary
Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI
Director, Senior Vice President Dallas, Texas 75202
</TABLE>
- ---------------
* The present occupation of the indicated individual is set forth under
the column entitled "Name and Position."
Page 10 of 11
<PAGE> 11
EXHIBIT INDEX
<TABLE>
<S> <C>
EXHIBIT 24 Power of Attorney
EXHIBIT 99 Agreement to Report by and among Hunt Oil Company, Hunt
Consolidated, Inc., RRH Corporation, and Loyal Trust No. 1
</TABLE>
Page 11 of 11
<PAGE> 1
EXHIBIT 24
POWER OF ATTORNEY
I, Elmo B. Hunter, the sole trustee of Loyal Trust No. 1 (the
"Trust") hereby appoint Richard A. Massman, John J. Murphy and Elizabeth A.
Lurd as agents and attorney-in-fact, each with the ability to individually act
for and on behalf of the undersigned in my capacity as trustee of the Trust in
any lawful way with respect to the following:
1. Scope of Authority. To execute (i) any and all schedules and
amendments thereto which are required to be filed by the Trust with
the Securities and Exchange Commission ("SEC") pursuant to Section
13(d) of the Exchange Act of 1934 (the "Exchange Act") and the Rules
and Regulations promulgated thereunder, and (ii) any and all schedules
or forms required to be filed by the Trust pursuant to Section 16 of
the Exchange Act and the Rules and Regulations promulgated thereunder
including, without limitation, Forms 3, 4, or 5.
2. Revocation. This power of attorney may be voluntarily revoked
by the undersigned only by filing such written instrument in the
Deed Records of Dallas County, State of Texas
3. Governing Law. The validity, construction, and interpretation
of this Power of Attorney shall be governed by the laws of the State
of Texas.
Signed this 11th day of December, 1996.
/s/ Elmo B. Hunter
--------------------------------------
Elmo B. Hunter, Trustee of Loyal
Trust
Approved
/s/ Richard A. Massman
--------------------------------------
Richard A. Massman, Member of Advisory
Board of Loyal Trust No. 1
<PAGE> 2
STATE OF MISSOURI )
)
COUNTY OF JACKSON )
This document was acknowledged before me on December 11, 1996, by Elmo B.
Hunter.
/s/ KELSIE PIERCE
--------------------------------------
(Signature of Notarial Officer)
(SEAL)
KELSIE PIERCE
--------------------------------------
(Printed name of Notary)
My Commission Expires: 5/24/98
----------------
STATE OF TEXAS )
)
COUNTY OF DALLAS )
This document was acknowledged before me on December 11, 1996, by Richard A.
Massman.
/s/ PATRICIA C. NASH
--------------------------------------
(Signature of Notarial Officer)
(SEAL)
--------------------------------------
(Printed name of Notary)
My Commission Expires:
----------------
-2-
<PAGE> 1
EXHIBIT 99
AGREEMENT AMONG FILING PARTIES
THIS AGREEMENT is made and entered into on December 13, 1996, by and
among Hunt Oil Company, a Delaware corporation, Hunt Consolidated, Inc., a
Delaware corporation, RRH Corporation, a Delaware corporation, and Loyal Trust
No. 1, a Texas private trust (collectively referred to herein as the "Filing
Parties").
WHEREAS, Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of
1934 (the "Act"), requires that, when a Schedule 13D is filed on behalf of more
than one person, an agreement be executed and filed as an exhibit to the
Schedule 13D reflecting that the Schedule 13D is being filed on behalf of all
such persons:
NOW, THEREFORE, in consideration of the premises and the mutual
promises stated herein, the Filing Parties hereby agree as follows:
1. Each Filing Party agrees that a single Schedule 13D (and any
amendments thereto) shall be filed jointly on behalf of all the Filing Parties
with respect to the shares of common stock, $.10 par value per share, of Key
Energy Group, Inc., a Maryland corporation.
2. Each Filing Party acknowledges and agrees that, pursuant to
Rule 13d-1(f)(1) under the Act, each Filing Party individually is (i) eligible
to use the Schedule 13D and (ii) responsible for the timely filing of such
Schedule 13D and any amendments thereto and for the completeness and accuracy
of the information concerning such Filing Party contained in such Schedule 13D.
None of the Filing Parties, however, shall be responsible for the completeness
or accuracy of information concerning any other Filing Party contained in such
Schedule 13D, or any amendments thereto, unless such Filing Party knows or has
reason to believe that such information is incomplete or inaccurate.
3. This agreement shall not be assignable by any Filing Party.
Any assignment in violation of the foregoing shall be null and void.
4. This agreement shall terminate upon the written notice of
termination given by any Filing Party to the other Filing Parties.
5. This agreement may be executed in several counterparts, each
of which shall be deemed to be an original copy hereof.
<PAGE> 2
IN WITNESS WHEREOF, the undersigned hereby executed this Agreement
Among Filing Parties as of the date or dates indicated below.
Date: December 13, 1996 HUNT OIL COMPANY
By: /s/ Gary T. Hurford
------------------------------------
Name: Gary T. Hurford
Title: President
Date: December 13, 1996 HUNT CONSOLIDATED, INC.
By: /s/ Richard A. Massman
------------------------------------
Name: Richard A. Massman
Title: Senior Vice President, General
Counsel and Secretary
Date: December 13, 1996 RRH CORPORATION
By: /s/ Richard A. Massman
------------------------------------
Name: Richard A. Massman
Title: Senior Vice President, General
Counsel and Secretary
LOYAL TRUST NO. 1
Date: December 13, 1996 By: /s/ Richard A. Massman
------------------------------------
Richard A. Massman, Attorney-in-Fact
2
