EXHIBIT 11(a) KEY ENERGY GROUP, INC. COMPUTATION OF PER SHARE EARNINGS NINE AND THREE MONTHS ENDED MARCH 31, 1996 AND MARCH 31, 1995 Nine Months Ended	 	Nine Months Ended 						March 31, 1996 		 March 31, 1995 							 Fully			 Fully (thousands, except per share data)		 Primary Diluted	 Primary Diluted	 Net income 				$ 2,321 $ 2,321 	$ 1,642 $ 1,642 Shares outstanding at beginning of period 	 6,914 6,914		 5,274	 5,274 Other dilutive securities: Common shares issued for acquisition 	of WellTech, Inc.	*	 	 67		 67		 - -	 Warrants to purchase Common Stock *	 - 		 5	 - - Common shares issued for acquisition 	of WellTech West Texas operations	 - 	 	 - 1,363	 1,363 Average common shares outstanding 		 6,981 6,981 		 6,637	 6,637 Earnings per share:				 $0.33 $0.33 $0.25	 $0.25 				 						Three Months Ended 		Three Months Ended 						 March 31, 1996		 March 31, 1995 		 Fully			 Fully (thousands, except per share data)		Primary Diluted		 Primary Diluted	 Net income		 			$ 827 $ 827 		$ 631 $ 631 Shares outstanding at beginning of period	 6,914 6,914		 5,274 	5,274 Other dilutive securities: Common shares issued for acquisition 	of WellTech, Inc. *			 67		 67		 - -	 Warrants to purchase Common Stock * -		 5	 - - Common shares issued for acquisition 	of WellTech West Texas operations - 	 	 -	 1,363	 1,363 Average common shares outstanding		 6,981 6,986 6,637 	6,637 Earnings per share:				 $0.12 $0.12 $0.10	 $0.10 * - Weighted average.