Chesapeake Energy’s Oilfield Services Business to go Public

- April 17th, 2012

Rigzone reported that Chesapeake Energy’s (NYSE:CHK) oilfield services has decided to go public for an initial public offering of up to $862.5 million in common stock.

Rigzone reported that Chesapeake Energy’s (NYSE:CHK) oilfield services has decided to go public for an initial public offering of up to $862.5 million in common stock.

As quoted in the market news:

Chesapeake Oilfield said its exploration and production company will provide a stable source of revenue because it guarantees it will maintain the utilization of the oilfield services company’s drilling rigs at above certain thresholds.

Click here to read the full Rigzone report.

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