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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   MCDONALD F. DOUG 2. Date of Event Requiring Statement (Month/Day/Year) 11/01/2009 3. Issuer Name and Ticker or Trading Symbol KEY ENERGY SERVICES INC [KEG] (Last) (First) (Middle) 1301 MCKINNEY STREET, SUITE 1800 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Marketplace Bus Devlpmt 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) HOUSTON, TX 77010 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) 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 22,456 (1) D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: 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
Employee Stock Option (right to buy)	  (2)	02/04/2018	Common Stock	15,000	$ 12.45	D	Â
Employee Stock Option (right to buy)	  (2)	04/10/2018	Common Stock	5,000	$ 15.07	D	Â
Employee Stock Option (right to buy)	  (3)	12/01/2018	Common Stock	5,000	$ 3.88	D	Â
Phantom Stock	  (4)	02/04/2012	Common Stock	3,750	$ (5)	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MCDONALD F. DOUG 1301 MCKINNEY STREET SUITE 1800 HOUSTON, TX 77010	Â	Â	  SVP, Marketplace Bus Devlpmt	Â

Signatures

By Robert B. Rapfogel, Attorney-in-fact for F. Doug McDonald		11/09/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Represents unvested awards of restricted stock shares granted under the Key Energy Services, Inc. 2007 Equity and Cash Incentive Plan ("2007 Plan"). The first award for 2,500 restricted shares was granted on December 4, 2008 and shall vest in four equal annual installments on the anniversary of the grant date. The second award for 19,956 restricted shares was granted on March 2, 2009 and shall vest in three equal annual installments on the anniversary of the grant date.
(2)	The options were granted under the 2007 Plan and are fully vested and exercisable.
(3)	The option was granted under the 2007 Plan and vests in four equal annual installments beginning on December 1, 2009.
(4)	The phantom share award granted on February 4, 2008 vests in four equal annual installments on the anniversary of the grant date. The vested phantom shares are payable solely in cash within 20 business days after the vesting date.
(5)	Each share of phantom stock is the economic equivalent of one share of Key Energy Services, Inc.'s common stock, which, pursuant to the plan under which it was granted, is required to be settled in cash based on the closing price on the date each share vests. The original grant was for 5,000 phantom shares, of which 1,250 shares vested on February 4, 2009.

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