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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                      NOVEMBER 26, 2003 (NOVEMBER 26, 2003)



                          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 November
26. 2003. The following was included in the Press Release:


              CHESAPEAKE ENERGY CORPORATION ANNOUNCES COMPLETION OF
                6.875 % SENIOR NOTES OFFERING; ACCEPTANCE OF 8.5%
                     SENIOR NOTES TENDERED FOR EARLY PAYMENT

OKLAHOMA  CITY,  NOVEMBER 26, 2003 - Chesapeake  Energy  Corporation  (NYSE:CHK)
today  announced that it has completed its private  placement of $200,000,000 of
6.875%  Senior  Notes due January  15,  2016.  Chesapeake  used a portion of the
proceeds  from  this  sale to  purchase  $104,845,000  principal  amount  of its
outstanding  8.5% Senior  Notes due 2012 (the "2012  Notes")  tendered for early
payment  pursuant to its previously  announced cash tender offer for any and all
of the 2012 Notes.  The principal amount of $5,824,000 of the 2012 Notes remains
outstanding  and subject to the tender  offer,  which is  scheduled to expire at
12:00 midnight, Eastern Standard Time, on December 10, 2003, unless extended.



THE 6.875% SENIOR NOTES SOLD BY CHESAPEAKE  HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES  ACT OF 1933  AND MAY NOT BE  OFFERED  OR SOLD IN THE  UNITED  STATES
ABSENT REGISTRATION OR AN APPLICABLE  EXEMPTION FROM REGISTRATION  REQUIREMENTS.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE  SOLICITATION OF
AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE  SECURITIES IN ANY STATE IN
WHICH SUCH OFFER,  SOLICITATION  OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION
OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY STATE.

CHESAPEAKE ENERGY CORPORATION IS ONE OF THE SIX 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.



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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:        November 26, 2003

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