SECURITIES AND EXCHANGE COMMISSION

                             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)  January 22, 2002 (January 22,
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 Identification
  of incorporation)                                             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)















                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 5.  OTHER EVENTS

         Chesapeake Energy Corporation  ("Chesapeake") issued a Press Release on
January 22, 2002 declaring a quarterly  cash dividend on its preferred  stock. A
copy of the press  release  is filed  with this  Form 8-K as  Exhibit  99 and is
incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

    (c)     Exhibits.  The following exhibit is filed herewith:

            99.   Press Release issued by the Registrant on January 22, 2002.




                                       2


                                    SIGNATURE


         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:  January 22, 2002


                                       3




                                                 N e w s R e l e a s e


                                                 Chesapeake Energy Corporation
                                                 P. O. Box 18496
                                                 Oklahoma City, OK 73154

FOR IMMEDIATE RELEASE
JANUARY 22, 2002

                                    CONTACTS:
           MARC ROWLAND                                    TOM PRICE, JR.
     EXECUTIVE VICE PRESIDENT                         SENIOR VICE PRESIDENT
   AND CHIEF FINANCIAL  OFFICER                       CORPORATE DEVELOPMENT
          (405) 879-9232                                 (405) 879-9257
------------------------------------------------------------ -------------------


                     CHESAPEAKE ENERGY CORPORATION DECLARES
                 QUARTERLY CASH DIVIDEND ON ITS PREFERRED STOCK

OKLAHOMA  CITY,  OKLAHOMA,  JANUARY 22,  2002 -  Chesapeake  Energy  Corporation
(NYSE:CHK)  today announced that its Board of Directors has declared a quarterly
cash dividend on Chesapeake's 6.75% Cumulative  Convertible Preferred Stock, par
value $.01. The dividend for the preferred stock is payable on February 15, 2002
to  shareholders  of record on February 1, 2002 at the rate of $0.8625 per share
for  this  period.   Chesapeake  has  3.0  million  shares  of  preferred  stock
outstanding with a liquidation value of $150 million.

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.  The company's
Internet address is www.chkenergy.com.

                                       4