Exhibit 10.1

2015 Management Annual Incentive Plan

Overview

This document describes the Seventy Seven Energy Inc. (“SSE”) 2015 Management
Annual Incentive Program (the “Management AIP”).

Administration

The Management AIP will be administered by the Compensation Committee (the
“Committee”) in accordance with the terms of the SSE 2014 Incentive Plan. The
Compensation Committee has full authority and discretion with respect to awards
made under this Management AIP, including (i) selecting participants, (ii)
establishing the terms of each award and (iii) establishing restrictions and
conditions to which the payment of awards may be subject.

Participation

Each officer and key employee who is selected and approved by the Committee to
participate is eligible to be granted awards pursuant to the Management AIP.

Performance Objectives

For Participants to be eligible for a cash payment from an award granted under
the Management AIP, certain minimum performance objectives established by the
Committee must be achieved. Each performance award will establish the applicable
Participant’s target amount. Following the end of the performance period, the
Committee will determine the payment amount for each award based on the
Committee’s evaluation of the achievement level of the pre-established
performance objectives. Such payment amount will range from 0% to 200% of each
Participant’s target amount.

Payments

All awards will be payable in cash no later than March 15th of the year
immediately following the performance period.