SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* BlackRock Inc. (Last) (First) (Middle) 55 EAST 52ND STREET (Street) NEW YORK NY 10055 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/06/2020	3. Issuer Name and Ticker or Trading Symbol KEY ENERGY SERVICES INC [ NA ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,245,994	I	SEE FOOTNOTE(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The registered holders of the shares of common stock reported in this Form 3 are the following funds and accounts under management by investment adviser subsidiaries of BlackRock, Inc: (i) TCP Waterman CLO, LLC, (ii) Tennenbaum Energy Opportuntities Co, LLC, (iii) Tennenbaum Enhanced Yield Operating I, LLC, (iv) Tennenbaum Senior Loan Fund V, LLC, and (v) Tennenbaum Senior Loan Operating III, LLC (collectively, the "Direct Holders"). None of the Direct Holders beneficially owns in excess of 5% of the outstanding common stock of the Issuer. BlackRock, Inc. is the ultimate indirect parent holding company of the investment advisors of the Direct Holders and may be deemed to have indirect beneficial ownership of such shares.

2. (Continued from footnote 1) On behalf of such Direct Holders, the applicable portfolio managers, as managing directors (or in other capacities) of such entities, and/or the applicable investment committee members of such funds and accounts, have voting and investment power over the shares held by the funds and accounts which are the registered holders of the referenced shares. Such portfolio managers and/or investment committee members expressly disclaim beneficial ownership of all shares held by such funds and accounts. The address of such funds and accounts, such investment adviser subsidiaries and such portfolio managers and/or investment committee members is either 55 East 52nd Street, New York, NY 10055 or 2951 28th Street, Santa Monica, CA 90405.

Remarks:

	By: /s/ David Maryles Authorized Signatory	03/16/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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