May 1 Chesapeake Energy Corp reported a
quarterly profit on Wednesday compared with a year-earlier loss,
when the company took a charge related to the value of its
Chesapeake, said its first-quarter profit was $15 million,
or 2 cents per share, compared with a net loss of $71 million or
11 cents per share, in the same period a year earlier.
The Oklahoma City, Oklahoma, company which is searching for
a chief executive officer to replace Aubrey McClendon, said its
average daily production grew 9 percent to 4 billion cubic feet
of natural gas equivalent per day.