File No. 333-44677
Rule 424(b)(3)
Key Energy Services, Inc.
Supplement to Prospectus dated February 6, 1998
Jefferies & Company, Inc. ("Jefferies") as Selling Securityholder is
hereby offering for resale $2,000,000 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, Jefferies at various
prices; 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.
________________________
The date of this Prospectus Supplement is February 17, 1999.
