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)
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                           JUNE 2, 2004 (JUNE 1, 2004)


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



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


6100 NORTH WESTERN AVENUE, OKLAHOMA CITY, OKLAHOMA                  73118
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   (Address of principal executive offices)                       (Zip Code)



                                 (405) 848-8000
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              (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
June 1, 2004. The following was included in the Press Release:


                CHESAPEAKE ENERGY CORPORATION ANNOUNCES EXTENSION
                         OF SENIOR NOTES EXCHANGE OFFER

OKLAHOMA CITY, OKLAHOMA, JUNE 1, 2004 - Chesapeake Energy Corporation (NYSE:CHK)
announced  today that it has  extended to 5:00 p.m.,  Eastern  Time,  on June 4,
2004,  its offer to  exchange  its 6.875%  Senior  Notes due 2016 that have been
registered  under the Securities Act of 1933 for any and all of its  outstanding
6.875%  Senior Notes due 2016 that were issued on November 26, 2003 in a private
offering.  The exchange offer had been scheduled to expire at 5:00 p.m., Eastern
Time,  on May 28,  2004.  As of  5:00  p.m.,  Eastern  Time,  on May  28,  2004,
approximately  $199.95  million in aggregate  principal  amount of notes (out of
$200.0 million aggregate  principal amount outstanding) had been tendered in the
exchange offer.

This press release shall not constitute an offer to purchase or exchange nor the
solicitation of an offer to exchange any securities. The exchange offer is being
made  solely  by  a  prospectus  dated  April  19,  2004  of  Chesapeake  Energy
Corporation,  including  any  supplements  thereto,  and is  subject  to certain
conditions specified therein.

For additional  information  about the exchange  offer,  including  requests for
assistance or copies of the prospectus  referred to above,  contact the Exchange
Agent, The Bank of New York,  Corporate Trust Operations,  Reorganization  Unit,
101 Barclay  Street--7  East,  New York,  New York,  10286,  Attention:  Giselle
Guadalupe (Facsimile: 212-298-1915; Telephone: 212-815-6331).

Holders of notes who do not tender  before 5:00 p.m.,  Eastern  Time, on June 4,
2004,  will continue to hold  unregistered  securities and will have no right to
compel the registration of their notes under the Securities Act of 1933.

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 SIX LARGEST INDEPENDENT U.S. NATURAL
GAS PRODUCERS.  HEADQUARTERED  IN OKLAHOMA  CITY,  THE COMPANY'S  OPERATIONS ARE
FOCUSED  ON  EXPLORATORY  AND  DEVELOPMENTAL  DRILLING  AND  PRODUCING  PROPERTY
ACQUISITIONS IN THE MID-CONTINENT,  PERMIAN BASIN, SOUTH TEXAS, TEXAS GULF COAST
AND ARK-LA-TEX  REGIONS OF THE UNITED STATES.  THE COMPANY'S INTERNET ADDRESS IS
WWW.CHKENERGY.COM.

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                                    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:  June 2, 2004

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