File No. 333-43779
Rule 424(b)(3)
Key Energy Services, Inc.
Supplement to Prospectus dated January 22, 1998
Evergreen Small Cap Equity and Income Fund as Selling Securityholder is hereby
offering for resale $250,000 aggregate principal amount of 7% Convertible
Subordinated Debentures due 2003 (the "Bonds") of Key Energy Services, Inc., a
Maryland Corporation (the "Company"). The Bonds are being offered by, and are
being sold through, McMahan Securities Co., L.P. at a price of $162,500; no
commissions are to be paid in connection with such resales. The Company will not
receive any of the proceeds from the resale of the Bonds offered hereby.
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The date of this Prospectus Supplement is December 29, 1998.
