<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
Key Energy Group, Inc.
(Name of Issuer)
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)
October 3, 1997
- --------------------------------------------------------------------------------
(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. [ ]
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 13 Pages
Exhibit Index located on page 9.
<PAGE> 2
CUSIP NO. 492914106 Page 2 of 13 Pages
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
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 467,925
Each -------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With -------------------------------------------------------------------------
10 Shared Dispositive Power
467,925
- -----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
467,925
- -----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
- -----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
3.86%
- -----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
CUSIP NO. 492914106 Page 3 of 13 Pages
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
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 467,925
Each -------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With -------------------------------------------------------------------------
10 Shared Dispositive Power
467,925
- -----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
467,925
- -----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
- -----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
3.86%
- -----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
CUSIP NO. 492914106 Page 4 of 13 Pages
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
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 467,925
Each -------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With -------------------------------------------------------------------------
10 Shared Dispositive Power
467,925
- -----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
467,925
- -----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
- -----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
3.86%
- -----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
CUSIP NO. 492914106 Page 5 of 13 Pages
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
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 467,925
Each -------------------------------------------------------------------------
Reporting 9 Sole Dispositive Power
Person 0
With -------------------------------------------------------------------------
10 Shared Dispositive Power
467,925
- -----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
467,925
- -----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
[ ]
- -----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
3.86%
- -----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person*
00 (See Item 2)
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
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 5. Interest in the Securities of the Issuer.
(a)(b) Hunt currently holds 467,925 shares of Key Common Stock
directly. Trust, 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 12,134,902 issued and outstanding shares of Key Common Stock. On
the basis of such disclosure, Hunt beneficially owns 3.86% of the issued and
outstanding shares of Key Common Stock.
(c) On October 3, 1997, Hunt sold 449,575 shares of Key Common
Stock in a block trade. 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) On October 3, 1997 Hunt, Loyal, RRH and Consolidated ceased to
own more than five percent of the Key Common Stock.
Page 6 of 13
<PAGE> 7
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer.
None.
Page 7 of 13
<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: October 6 , 1997 HUNT OIL COMPANY, a Delaware corporation
By: /s/ Gary T. Hurford
--------------------------------------------
Name: Gary T. Hurford
Title: President
Date: October 6 , 1997 HUNT CONSOLIDATED, INC., a Delaware corporation
By: /s/ Richard A. Massman
--------------------------------------------
Name: Richard A. Massman
Title: Senior Vice President, General Counsel
and Secretary
Date: October 6 , 1997 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: October 6 , 1997 By: /s/ Richard A. Massman
--------------------------------------------
Richard A. Massman, Attorney-in-Fact
Page 8 of 13
<PAGE> 9
EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT PAGE
NUMBER DESCRIPTION NO.
- ------- ----------- ----
<S> <C> <C>
EXHIBIT 24 Power of Attorney 12
</TABLE>
Page 9 of 13
<PAGE> 10
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 of HCI
Director, Chairman and CEO Dallas, Texas 75202 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 Dallas, Texas 75202
President
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 Vice Dallas, Texas 75202
President-Finance
John R. Scott 1445 Ross at Field, 17th Floor *
Director, Vice President, Dallas, Texas 75202
Secretary and General Counsel
George W. Slaughter 1445 Ross at Field, 17th Floor *
Senior Vice President- Dallas, Texas 75202
Operations
Michael M. Cobb 1445 Ross at Field, 17th Floor *
Senior Vice President Dallas, Texas 75202
Ian D. Maycoch 1445 Ross at Field, 17th Floor *
Senior Vice President- Dallas, Texas 75202
Exploration
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 Dallas, Texas 75202
Marketing
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-Personnel 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
Thomas J. Reed 1445 Ross at Field, 17th Floor *
Vice President Dallas, Texas 75202
</TABLE>
Page 10 of 13
<PAGE> 11
<TABLE>
<S> <C> <C>
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 of Hunt
Director, Chairman, Chief Dallas, Texas 75202 Consolidated, Inc. ("HCI"), a Delaware
Executive Officer and corporation and the parent company for several
President operating businesses
Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General Counsel of
Director, Senior Vice Dallas, Texas 75202 HCI
President, General Counsel and
Secretary
Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI
Director, Senior Vice Dallas, Texas 75202
President
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 of HCI
Director, Chairman, Chief Dallas, Texas 75202 and the parent company for several operating
Executive Officer and businesses
President
Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General Counsel of
Director, Senior Vice Dallas, Texas 75202 HCI
President, General Counsel and
Secretary, and Treasurer
Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI
Director, Senior Vice Dallas, Texas 75202
President
</TABLE>
____________________
* The present occupation of the indicated individual is set forth under
the column entitled "Name and Position."
Page 11 of 13
<PAGE> 1
EXHIBIT 24
POWER OF ATTORNEY
I, John J. Murphy, the sole trustee of Loyal Trust No. 1 (the
"Trust"), hereby appoint Richard A. Massman, R. Gerald Turner, and Elizabeth
A. Lund 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 17th day of September, 1997.
/s/ John J. Murphy
-----------------------------------------------
John J. Murphy, Trustee of Loyal Trust No. 1
Approved:
/s/ Richard A. Massman
-----------------------------------------------
Richard A. Massman, Member of Advisory Board of
Loyal Trust No. 1
Page 12 of 13
<PAGE> 2
STATE OF TEXAS )
)
COUNTY OF DALLAS )
This instrument was acknowledged before me on September 17, 1997, by
John J. Murphy.
/s/ Marilyn D. Kaplan
-----------------------------------------------
(Signature of Notarial Officer)
/s/ Marilyn D. Kaplan
-----------------------------------------------
(Printed Name of Notary)
My Commission Expires: 11/14/2000
------------------------
STATE OF TEXAS )
)
COUNTY OF TEXAS )
This instrument was acknowledged before me on September 17, 1997, by
Richard A. Massman.
/s/ Patricia C. Nash
-----------------------------------------------
(Signature of Notarial Officer)
/s/ Patricia C. Nash
-----------------------------------------------
(Printed Name of Notary)
My Commission Expires: 12/31/97
-----------------------
Page 13 of 13
