Chesapeake files for possible oilfield-services spinoff

OKLAHOMA CITY, Oklahoma (Bloomberg) -- Chesapeake Energy Corp. filed paperwork for the possible spinoff of its oilfield-services unit. The transaction will be tax-free for its shareholders, the Oklahoma City-based company said in a statement. Prior to the completion of the spinoff, the unit will convert into a corporation and change its name to Seventy Seven Energy Inc.


Chesapeake files for possible oilfield-services spinoff Chesapeake files for possible oilfield-services spinoff Reviewed by Crude Oil Facilitators on 09:24 Rating: 5

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