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Chesapeake Files For Possible Spin-off Of Oilfield Services Business

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Business Wire
March 17, 2014

Chesapeake Energy Corp. (NYSE: CHK) announced that Chesapeake Oilfield Operating LLC (COO), its wholly owned subsidiary, has filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission. COO currently conducts the operations of Chesapeake’s oilfield services division, Chesapeake Oilfield Services (COS).

The Form 10 contains a preliminary information statement about the potential terms and conditions of a spin-off of COO to Chesapeake Energy Corp. shareholders. It also provides initial information regarding COO as a stand-alone company, including financial, business, risk factor and management information. Immediately prior ...

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