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Seventy Seven Energy Inc. to Explore and Identify Capital Structure Opportunities

OKLAHOMA CITY--(BUSINESS WIRE)--Seventy Seven Energy Inc. (NYSE: SSE) announced today that it has retained the services of Lazard Freres & Co. LLC to advise the Company’s management and board of directors on identifying opportunities in its capital structure to improve value and enhance strategic growth opportunities.

Chief Executive Officer Jerry Winchester said, “Our operations continue to perform at a high level delivering much needed efficiency for our customers. Working with Lazard, we believe we can unlock meaningful value by addressing opportunities with respect to our balance sheet by reducing the level of our debt and further enhancing our liquidity. This will put us in a stronger position to take advantage of our operational strengths and grow our business.”

The Company does not anticipate making additional announcements concerning the process unless and until the Company otherwise determines that disclosures are necessary or appropriate.

About Seventy Seven Energy Inc.

Headquartered in Oklahoma City, SSE provides a wide range of wellsite services and equipment to U.S. land-based exploration and production customers. SSE’s services include drilling, hydraulic fracturing and oilfield rentals and its operations are geographically diversified across many of the most active oil and natural gas plays in the onshore U.S., including the Anadarko and Permian basins and the Eagle Ford, Haynesville, Marcellus, Niobrara and Utica shales. For additional information about SSE, please visit our website at www.77nrg.com&index=1&md5=2824fbe1e1697879842377f23948310e">www.77nrg.com, where we routinely post announcements...


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