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Chesapeake production, profits both on the rise

December 2, 2013
By CASEY JUNKINS - For The Times Leader , Times Leader

As Gulfport works primarily in Ohio's Utica Shale, Chesapeake Energy continues fracking away in both the Buckeye State, as well as in West Virginia's Marcellus Shale. Profits and production are both up for the Oklahoma City-based driller that has reduced its work force over the past few months. Chesapeake reported adjusted earnings of $1.325 billion, a 29 percent increase compared to the same period last year, while the company continues growing oil production.



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