Washington, D.C. 20549

                                    Form 8-K

              Current Report Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of Report (date of earliest event reported) December 5, 2002
                               (December 4, 2002)

                          CHESAPEAKE ENERGY CORPORATION
             (Exact name of Registrant as specified in its Charter)

        Oklahoma                      1-13726                    73-1395733
 (State or other jurisdiction     Commission File No.)         (IRS Employer
       of incorporation)                                     Identification No.)

            6100 North Western Avenue, Oklahoma City, Oklahoma 73118
               (Address of principal executive offices) (Zip Code)

                                 (405) 848-8000
              (Registrant's telephone number, including area code)



     Chesapeake  Energy  Corporation  ("Chesapeake")  issued a Press  Release on
December  4,  2002,  in  accordance  with SEC rule  135C,  announcing  a private
offering of senior notes. The following was included in the press release:

     OKLAHOMA CITY,  OKLAHOMA,  DECEMBER 4, 2002 - Chesapeake Energy Corporation
(NYSE:CHK)  today  announced  that it intends to  commence  an  offering of $150
million  of a new issue of senior  notes  due 2014  through a private  placement
eligible for resale under Rule 144A. The offering of the notes, which is subject
to market and other  conditions,  will be made within the United  States only to
qualified  institutional  buyers,  and  outside  the United  States to  non-U.S.

     Chesapeake  intends to use the net proceeds of the offering to finance,  in
part, the recently  announced  acquisition of natural gas properties from ONEOK,
Inc.,  which is  scheduled to close in January  2003,  or in the event the ONEOK
acquisition  is not  consummated,  proceeds  will be used for general  corporate
purposes including possible future acquisitions.

     The notes  have not been  registered  under the  Securities  Act of 1933 or
applicable  state  securities laws, and may not be offered or sold in the United
States absent  registration  or an applicable  exemption  from the  registration
requirements of the Securities Act and applicable state laws. This  announcement
shall not constitute an offer to sell or a solicitation of an offer to buy.

     This document  contains  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933 and  Section  21E of the  Securities
Exchange Act of 1934.  Forward-looking statements include estimates and give our
current  expectations  or  forecasts of future  events.  Although we believe our
forward-looking  statements are  reasonable,  they can be affected by inaccurate
assumptions or by known or unknown risks and uncertainties.

     Chesapeake Energy Corporation is one of the 10 largest  independent natural
gas  producers  in the  U.S.  Headquartered  in  Oklahoma  City,  the  company's
operations are focused on exploratory and  developmental  drilling and producing
property acquisitions in the Mid-Continent region of the United States.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                             CHESAPEAKE ENERGY CORPORATION

                                             By: /s/ Aubrey K. McClendon
                                                     Aubrey K. McClendon
                                                   Chairman of the Board and
                                                    Chief Executive Officer

Dated:        December 5, 2002