CBS News reported that Chesapeake Energy Corp. (NYSE:CHK) has narrowed its 2012 first quarter loss.

As quoted in the market news:

Chesapeake, the nation’s second largest natural gas producer, reported a net loss of $71 million, or 11 cents per share, in the first three months of the year. That compared with a net loss of $205 million, or 32 cents per share, in the year-ago quarter.

Click here to read the full CBS Newsreport.