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NYSE | Common Stock
DELISTED - Seventy Seven Energy Inc. provides oilfield services in the United States.
The company operates in four segments: Drilling, Hydraulic Fracturing, Oilfield Rentals, and Oilfield Trucking.
The Drilling segment offers land drilling and drilling-related services, including directional drilling for the oil and natural gas exploration and development activities.
The Hydraulic Fracturing segment provides hydraulic fracturing and other well stimulation services.
The Oilfield Rentals segment offers rental tools for land-based oil and natural gas drilling, completion, and workover activities.
It provides a line of rental tools, including drill pipe, drill collars, tubing, blowout preventers, frac tanks, mud tanks, and environmental containment tools.
This segment also offers air drilling, flowback services, and services associated with the transfer of water to the wellsite for well completions.
The Oilfield Trucking segment provides drilling rig relocation and logistics services, as well as fluid handling services.
As of December 31, 2014, it owned 92 drilling rigs, 10 hydraulic fracturing fleets, 263 rig relocation trucks, 67 cranes and forklifts, and 141 fluid hauling trucks.
The company was formerly known as Chesapeake Oilfield Operating,L. L.C. and changed its name to Seventy Seven Energy Inc. in June 2014.
The company was founded in 2011 and is headquartered in Oklahoma City, Oklahoma.
Seventy Seven Energy Inc. operates independently of Chesapeake Energy Corporation, as of June 30, 2014.
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