April 18, 2014 4:43 AM ET

Energy Equipment and Services

Company Overview of Chesapeake Oilfield Services, Inc.

Company Overview

Chesapeake Oilfield Services, Inc., a diversified oilfield services company, provides well site services in the United States. Its Drilling segment provides land drilling and drilling-related services, including directional drilling, geosteering, and mudlogging for oil and natural gas exploration and development activities. As of March 31, 2012, this segment operated a fleet of 111 land drilling rigs. The company’s Hydraulic Fracturing segment offers hydraulic fracturing and other well stimulation services. This segment has four operational fleets. Its Oilfield Rentals segment provides rental tools and services for land-based oil and natural gas drilling, completion, and workover activities....

6100 North Western Avenue

Oklahoma City, OK 73118

United States

Founded in 2001

5,500 Employees

Phone:

405-848-8000

Key Executives for Chesapeake Oilfield Services, Inc.

Chief Executive Officer and Director
Age: 54
Chief Financial Officer and Principal Accounting Officer
Age: 48
President of Nomac Drilling
Age: 48
President of Performance Technologies
Age: 59
President of Thunder Oilfield Services
Age: 37
Compensation as of Fiscal Year 2013.

Chesapeake Oilfield Services, Inc. Key Developments

Chesapeake Energy May Sell Chesapeake Oilfield Services

Chesapeake Energy Corporation (NYSE:CHK) is looking to sell Chesapeake Oilfield Services, Inc.

Chesapeake Energy Evaluates Options For COS

Chesapeake Energy Corporation (NYSE:CHK) is evaluating an alternative for Chesapeake Oilfield Services, Inc. (COS), including a potential spin-off to Chesapeake shareholders. Doug Lawler, Chesapeake’s Chief Executive Officer, said, “COS is an outstanding business with a talented management team that we believe will offer Chesapeake and its shareholders enhanced return opportunities as a stand-alone company. It has provided, and will continue to provide, superior service to Chesapeake’s upstream business, and we look forward to maintaining our close and valuable relationship with Jerry and his team as they pursue COS’ ventures outside of Chesapeake. A separation of COS is aligned with our strategies of financial discipline and profitable and efficient growth from captured resources.”

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