<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF KEY ENERGY SERVICES, INC. (FORMERLY "KEY ENERGY GROUP, INC.") AS OF AND FOR THE YEAR ENDED JUNE 30, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-START> JUL-01-1998 <PERIOD-END> JUN-30-1999 <CASH> 23,478 <SECURITIES> 0 <RECEIVABLES> 98,788 <ALLOWANCES> 6,790 <INVENTORY> 12,742 <CURRENT-ASSETS> 132,543 <PP&E> 871,940 <DEPRECIATION> 102,378 <TOTAL-ASSETS> 1,148,138 <CURRENT-LIABILITIES> 73,151 <BONDS> 683,724 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,317 <OTHER-SE> 279,777 <TOTAL-LIABILITY-AND-EQUITY> 1,148,138 <SALES> 0 <TOTAL-REVENUES> 488,569 <CGS> 0 <TOTAL-COSTS> 368,180 <OTHER-EXPENSES> 125,993 <LOSS-PROVISION> 5,928 <INTEREST-EXPENSE> 67,401 <INCOME-PRETAX> (78,933) <INCOME-TAX> 25,675 <INCOME-CONTINUING> (53,258) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (53,258) <EPS-BASIC> (1.94) <EPS-DILUTED> (1.94)