Chesapeak oilfield unit files for IPO of up to $862.5MM

Source: Chesapeake Energy Corporation 

Chesapeake Energy Corporation (NYSE:CHK) announced that its oilfield services unit Chesapeake Oilfield Services, Inc. has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of shares of its Class A common stock valued up to $862.5 million. Application will be made to list the Class A common stock on the New York Stock Exchange under the symbol "COS."

Chesapeake Oilfield Services, Inc. is a newly formed corporation that, following the offering, will own an interest in COS Holdings, L.L.C., Chesapeake's oilfield services holding company. COS Holdings, L.L.C. is a diversified oilfield services company that provides a wide range of well site and other services, including drilling and related services, hydraulic fracturing, oilfield rentals, oilfield trucking and manufacturing of natural gas compressor packages, primarily to Chesapeake Energy Corporation and its partners.
 
Headquartered in Oklahoma City, COS Holdings, L.L.C. provides services in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring, Avalon, Wolfcamp, Wolfberry and Niobrara unconventional liquids plays and theBarnett, Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays. 

Click here to access the full registration statement filed with the SEC: Chesapeake Oilfield Services, Inc. Registration Statement



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