Company'S

Seventy Seven Energy Inc., the onshore oilfield services business spun off from Chesapeake Energy Corp. less than two years ago, said Tuesday it has filed a pre-packaged plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Gulf of Mexico independent Energy XXI Ltd. has stripped John Schiller of his title as chairman following an internal investigation that found he had borrowed from vendors and obtained a personal loan from an acquaintance who later was appointed to the board.

Goodrich Petroleum Corp. is exploring the sale of potentially all of its Eagle Ford Shale assets while it plans to leverage drilling efficiencies and an improved frack design in the Tuscaloosa Marine Shale (TMS) next year. Meanwhile, hedging is providing some cover from crashing oil prices.

Economics and long-term production are driving Rice Energy Inc., the new kid on the Marcellus-Utica block, bent on making the most of its core areas.

American Electric Power (AEP) is “successfully executing” its long-term earnings growth strategy, which includes investing in the company’s utility operations, retiring a number of coal-fired plants and building its transmission business to support an annual earnings growth rate of 4-6%, CEO Nicholas K. Akins, told shareholders at the company’s annual meeting Tuesday in Fort Wayne, IN.