Chesapeake Energy Corp (CHK.N) said it is mulling ways to wring value from its oilfield service operations, including building its own hydraulic fracturing business or spinning off its service operations. "The obvious kind of void in our vertical integration story is in hydraulic fracturing, which we have filled I guess synthetically through owning 26 percent of Frac Tech," Chief Executive Aubrey McClendon told analysts on a conference call. "So in addition to looking at ways to monetize that investment in this year, we are also building our own in-house capacity to hydraulically fracture wells," he said.
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