Python Pandas Conditional Sum with Groupby

First groupby the key1 column:

In [11]: g = df.groupby('key1')

and then for each group take the subDataFrame where key2 equals 'one' and sum the data1 column:

In [12]: g.apply(lambda x: x[x['key2'] == 'one']['data1'].sum())
Out[12]:
key1
a       0.093391
b       1.468194
dtype: float64

To explain what's going on let's look at the 'a' group:

In [21]: a = g.get_group('a')

In [22]: a
Out[22]:
      data1     data2 key1 key2
0  0.361601  0.375297    a  one
1  0.069889  0.809772    a  two
4 -0.268210  1.250340    a  one

In [23]: a[a['key2'] == 'one']
Out[23]:
      data1     data2 key1 key2
0  0.361601  0.375297    a  one
4 -0.268210  1.250340    a  one

In [24]: a[a['key2'] == 'one']['data1']
Out[24]:
0    0.361601
4   -0.268210
Name: data1, dtype: float64

In [25]: a[a['key2'] == 'one']['data1'].sum()
Out[25]: 0.093391000000000002

It may be slightly easier/clearer to do this by restricting the dataframe to just those with key2 equals one first:

In [31]: df1 = df[df['key2'] == 'one']

In [32]: df1
Out[32]:
      data1     data2 key1 key2
0  0.361601  0.375297    a  one
2  1.468194  0.272929    b  one
4 -0.268210  1.250340    a  one

In [33]: df1.groupby('key1')['data1'].sum()
Out[33]:
key1
a       0.093391
b       1.468194
Name: data1, dtype: float64

I think that today with pandas 0.23 you can do this:

import numpy as np

 df.assign(result = np.where(df['key2']=='one',df.data1,0))\
   .groupby('key1').agg({'result':sum})

The advantage of this is that you can apply it to more than one column of the same dataframe

df.assign(
 result1 = np.where(df['key2']=='one',df.data1,0),
 result2 = np.where(df['key2']=='two',df.data1,0)
  ).groupby('key1').agg({'result1':sum, 'result2':sum})