Chesapeake board approves spin-off

Chesapeake Energy drilling rig

Chesapeake Energy drilling rig

The board of directors of Chesapeake Energy has approved the planned spin-off of the US shale giant's oilfield services unit into a separate company called Seventy Seven Energy.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?