On Air Now

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
70° Feels Like: 70°
Wind: WNW 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Thunderstorms Early 55°

Tomorrow

Isolated Thunderstorms 76°

Wed Night

Thunderstorms Early 53°

Alerts

Chesapeake Energy files for spin off oilfield services business

Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney
Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. REUTERS/Steve Sisney

(Reuters) - Chesapeake Energy Corp said it filed with U.S. financial regulators for a possible spin off of its oilfield services business.

Chesapeake said it has retained Morgan Stanley & Co. LLC to evaluate strategic options for the business, Chesapeake Oilfield Operating LLC.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Savio D'Souza)

Comments