Chesapeake Oilfield Services, Inc. IPO Info
Chesapeake Oilfield Services, Inc.
Goldman Sachs, BofA Merrill Lynch
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a diversified oilfield services company that provides a wide range of well site services primarily to Chesapeake, our founder and principal customer, and its partners. Chesapeake is the most active driller of new oil and natural gas wells in the U.S. based on rig count. We focus on providing services to Chesapeake that are strategic to its oil and gas operations, represent historical bottlenecks to those operations or provide relatively high margins to the service provider, including drilling, hydraulic fracturing, oilfield rentals, oilfield trucking and manufacturing of natural gas compressor packages. Our operations are geographically diversified across most major basins in the U.S. Specifically, we provide Chesapeake and its partners with services in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime, Bone Spring, Avalon, Wolfcamp, Wolfberry and Niobrara unconventional liquids plays and the Barnett, Haynesville, Bossier, Marcellus and Pearsall natural gas shale plays.
Reported sales of $1.303 billion in 2011, up more than 59 percent from $815.76 million in 2010 and versus $650.28 million in 2009.
Net income totaled $19.9 million last year, compared to a loss of $18.2 million in 2010 and a loss of $40.38 million in 2009.