KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ) Files An 8-K Other Events

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KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ) Files An 8-K Other Events

Item8.01

Other Information.

As previously disclosed, on October 24, 2016, Key Energy
Services, Inc. (Key or the Company) and certain of its domestic
subsidiaries (collectively, the Filing Subsidiaries and, together
with the Company, the Debtors) filed voluntary petitions for
reorganization under chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court for the District of
Delaware (the Bankruptcy Court), to the terms of a plan support
agreement, dated August 24, 2016, by and among the Debtors and
certain of their lenders and noteholders, that contemplates the
reorganization of the Debtors to a prepackaged plan of
reorganization (the Plan). The Debtors have obtained joint
administration of their chapter 11 cases under the caption In
re: Key Energy Services, Inc, et al.
, Case No. 16-12306. The
subsidiary Debtors in these chapter 11 cases are Misr Key Energy
Investments, LLC, Key Energy Services, LLC, and Misr Key Energy
Services, LLC.

On November 18, 2016, the Debtors filed their monthly operating
report for the period of October 1, 2016 through October 31, 2016
(the Monthly Operating Report) with the Bankruptcy Court. The
Monthly Operating Report is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.

Cautionary Note Regarding the Monthly Operating
Report

The Company cautions investors and potential investors not to
place undue reliance upon the information contained in the
Monthly Operating Report which was not prepared for the purpose
of providing the basis for an investment decision relating to any
of the securities of the Company. The Monthly Operating Report is
limited in scope, covers limited time periods, and has been
prepared solely for the purpose of complying with the monthly
reporting requirements of the Bankruptcy Court. The Monthly
Operating Report was not audited or reviewed by independent
accountants, was not prepared in accordance with U.S. generally
accepted accounting principles, is in a format prescribed by
applicable bankruptcy laws, and is subject to future adjustment
and reconciliation. There can be no assurance that, from the
perspective of an investor or potential investor in the Companys
securities, the Monthly Operating Report is complete. The Monthly
Operating Report also contains information for a period which is
shorter and otherwise different from those required in the
Companys periodic reports to the Securities Exchange Act of 1934,
as amended (the Exchange Act), and such information might not be
indicative of the Companys financial condition or operating
results for a period that would be reflected in the Companys
financial statements or in its reports to the Exchange Act.
Information set forth in the Monthly Operating Report should not
be viewed as indicative of future results.

Cautionary Note Regarding Forward-Looking
Statements

This Current Report on Form 8-K and the exhibits hereto contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical in nature or that relate to future events and
conditions are, or may be deemed to be, forward-looking
statements. These statements are only predictions and are subject
to substantial risks and uncertainties and are not guarantees of
performance. Future actions, events and conditions and future
results of operations may differ materially from those expressed
in these statements.

Important factors that may affect Keys expectations, estimates or
projections include, but are not limited to, the following: risks
associated with Keys reorganization; the ability of Key to obtain
confirmation of the Plan from the Bankruptcy Court and/or meet
all of the conditions precedent therein necessary to effectuate
the Plan; conditions in the oil and natural gas industry,
especially oil and natural gas prices and capital expenditures by
oil and natural gas companies; volatility in oil and natural gas
prices; and other

factors affecting Keys business described in Item 1A. Risk
Factors in its Annual Report onForm 10-Kfor the year ended
December31, 2015 and its other filings with the SEC and in
Article XI of the Disclosure Statement.

Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Monthly Operating Report for the period of October 1, 2016
through October 31, 2016, as filed with the United States
Bankruptcy Court for the District of Delaware on November 18,
2016.


About KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ)

Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International. Its U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services operate geographically within the United States. The International segment includes its operations in Mexico, Colombia, Ecuador, Russia, Bahrain and Oman. The Company’s services include rig-based and coiled tubing-based well maintenance and workover services, well completion and recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. Additionally, certain of its rigs provide specialty drilling applications.

KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ) Recent Trading Information

KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ) closed its last trading session down -0.0034 at 0.0615 with 1,602,320 shares trading hands.