Seventy Seven Energy Inc. (NYSE:SSE) announced today that its wholly owned subsidiary, Seventy Seven Operating LLC ( SSO ), has closed an incremental $100 million junior lien financing under its term loan facility with BlueMeridian Capital LLC, an affiliate of investment funds managed by BlueMountain Capital Management. SSO intends to use the net [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the first quarter of 2015. Key information related to SSE is as follows: Total Revenues were $429.8 million Adjusted EBITDA was $84.9 million Adjusted net loss per fully diluted share was $0.45; Net loss per fully diluted share was $0.78 SSE plans to [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2015 first quarter operational update and financial results before market open on Tuesday, May 5, 2015. A conference call to discuss the results has been scheduled for the same day at 9:00 a.m. CDT. The telephone number to access the conference call is U.S [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the 2014 full year and fourth quarter. Key information related to the 2014 full year is as follows: Adjusted Revenues were $1.978 billion on Total Revenues of $2.081 billion Adjusted EBITDA was $446.2 million Net loss per fully diluted share was [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2014 fourth quarter operational update and financial results before market open on Monday, March 2, 2015. A conference call to discuss the results has been scheduled for the same day at 9:00 a.m. CST. The telephone number to access the conference call is U.S. toll-free 844-867-9749 [...]
Seventy Seven Energy Inc. (NYSE: SSE) today reported financial and operational results for the third quarter of 2014. Key information related to the third quarter is as follows: Total Revenue was $526.8 million Adjusted EBITDA was $132.8 million Net loss per fully diluted share was ($0.04), Adjusted net income per fully diluted share was [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2014 third quarter operational update and financial results before market open on Thursday, October 30, 2014. A conference call to discuss the results has been scheduled for the same day at 9:00 a.m. CDT. The telephone number to access the conference call is U.S [...]
Seventy Seven Energy Inc. (NYSE: SSE), an independent diversified oilfield services company, which spun off from Chesapeake Energy Corporation (NYSE: CHK) on June 30, 2014, today reported financial and operational results for the second quarter of 2014. Key information related to the second quarter is as follows: Total Revenue was $549.5 [...]
Seventy Seven Energy Inc. (NYSE:SSE) has scheduled to release its 2014 second quarter operational and financial results before market open on Monday, Aug. 4, 2014. A conference call to discuss the results has been scheduled for the same day at 9:00 am CDT. The telephone number to access the conference call is U.S. toll-free 844-867-9749 and [...]
Chesapeake Energy announced today it has completed the spin-off of its oilfield services business, previously conducted through Chesapeake Oilfield Operating, L.L.C., into a stand-alone, publicly traded company called Seventy Seven Energy Inc. Following the close of business on June 30, 2014, Chesapeake distributed to its shareholders one share of [...]
Chesapeake Oilfield Operating that will be renamed Seventy Seven Energy Inc. in connection with its previously announced spin-off from Chesapeake, announced today the pricing of $500 million in aggregate principal amount of 6.5% senior unsecured notes due 2022 in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as [...]
Chesapeake Oilfield Operating in connection with its previously announced spin-off from Chesapeake Energy, announced today that, subject to market conditions, it intends to offer for sale $500 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement under Rule 144A and Regulation S of the Securities Act of [...]