Chesapeake completes spin-off of oilfield services business

7/1/2014

Chesapeake completes spin-off of oilfield services business

OKLAHOMA CITY, Oklahoma -- Chesapeake Energy Corporation has completed the spin-off of its oilfield services business, previously conducted through Chesapeake Oilfield Operating, L.L.C., into a stand-alone, publicly traded company called Seventy Seven Energy Inc. (SSE)

SSE provides a range of wellsite services and equipment to U.S. land-based exploration and production customers operating in unconventional resource plays. Its services include drilling, hydraulic fracturing, oilfield rentals, rig relocation and water transport and disposal, and its operations are geographically diversified across many of the most active oil and natural gas plays in the onshore U.S.

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