Chesapeake Energy Corporation Completes Spin-off of Its Oilfield Services Business

OKLAHOMA CITY--(BUSINESS WIRE)--Chesapeake Energy Corporation (“Chesapeake”) (NYSE: CHK) announced today it 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”) (NYSE: SSE).