April 19, 2016

OKLAHOMA CITY–(BUSINESS WIRE)–Seventy Seven Energy Inc. (the “Company”), today announced that it has entered into a Restructuring Support Agreement (the “Agreement”) with certain lenders (the “Incremental Term Loan Lenders”) representing 92.0% of the outstanding principal amount under the Company’s Incremental Term Supplement (Tranche A) loan and certain noteholders (the “Consenting 2019 Noteholders”) collectively owning or controlling in excess of 57.7%