Chesapeake Oilfield Services files IPO statement

April 17, 2012

Chesapeake Energy Corp. announced its service affiliate, Chesapeake Oilfield Services, has filed a registration statement with the US Securities and Exchange Commission outlining plans for a proposed initial public offering.

Paula Dittrick

The IPO statement has yet to become effective, said the Oklahoma City independent, which is in the process of divesting assets for anticipated proceeds of $8-10 billion.

The company has vertically integrated its operations and owns substantial marketing, midstream, and services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing Inc., Chesapeake Midstream Development LP, and its affiliate Chesapeake Midstream Partners LP.

Chesapeake owns positions in the Barnett, Haynesville, Bossier, Marcellus, and Pearsall natural gas shale plays and in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring, Avalon, Wolfcamp, Wolfberry, and Niobrara unconventional liquids plays.

Contact Paula Dittrick at [email protected].

About the Author

Paula Dittrick | Senior Staff Writer

Paula Dittrick has covered oil and gas from Houston for more than 20 years. Starting in May 2007, she developed a health, safety, and environment beat for Oil & Gas Journal. Dittrick is familiar with the industry’s financial aspects. She also monitors issues associated with carbon sequestration and renewable energy.

Dittrick joined OGJ in February 2001. Previously, she worked for Dow Jones and United Press International. She began writing about oil and gas as UPI’s West Texas bureau chief during the 1980s. She earned a Bachelor’s of Science degree in journalism from the University of Nebraska in 1974.