File No. 333-44677
Rule 424(b)(3)
Key Energy Services, Inc.
Supplement to Prospectus dated February 6, 1998
McMahan Securities Co., L.P. as Selling Securityholder is hereby offering for
resale $1,025,000 aggregate principal amount of 5% Convertible Subordinated
Notes due 2004 (the "Notes") of Key Energy Services, Inc., a Maryland
Corporation (the "Company"). The Notes are being offered by, and are being sold
through, McMahan Securities Co., L.P.; no commissions or discounts will be paid
in connection with such resales. The Company will not receive any of the
proceeds from the resale of the Notes offered hereby.
McMahan Securities Co., L.P. acted as co-manager in the Company's private
placement of the Notes in September, 1997.
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The date of this Prospectus Supplement is December 29, 1998
