Chesapeake Oil Field Affiliate Gears Up For $863M IPO

Law360, New York (April 18, 2012, 8:17 PM EDT) -- Chesapeake Energy Corp.'s wholly owned oil service industry affiliate intends to go public, it announced Monday, filing plans for an initial public offering for up to $862.5 million in common stock as the energy giant seeks to acquire funds to offset low cash flows.

Lodging a registration statement with the U.S. Securities and Exchange Commission relating to its proposed IPO, Chesapeake Oilfield Services LLC said it would remain close to its parent company and expects to provide up to two-thirds of Chesapeake's expected future well site...
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