Chesapeake Energy’s Oilfield Services Business to go Public

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.

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