Seventy Seven 3Q14: Numbers Head in Right Direction

Seventy Seven Energy, with major operations in the northeast, is the old Chesapeake Oilfield Operating division of Chesapeake–spun off into its own company on July 1, 2014 (see Long Labor & Delivery: Seventy Seven Energy Born Yesterday). Right out of the chute Seventy Seven’s beginning was a little rocky (see Seventy Seven Energy’s 1st Quarterly Update: Revenue Down 6%). However, we now have their second quarterly update–for third quarter 2014–and it seems Seventy Seven has found its sea legs. The numbers are now heading in the right direction for Seventy Seven…

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