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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                      DECEMBER 12, 2003 (DECEMBER 11, 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 December
11, 2003. The following was included in the Press Release:


                     CHESAPEAKE ENERGY CORPORATION ANNOUNCES
                         EXPIRATION OF CASH TENDER OFFER

OKLAHOMA  CITY,  DECEMBER 11, 2003 - Chesapeake  Energy  Corporation  (NYSE:CHK)
announced today that it has completed its previously announced cash tender offer
and consent  solicitation  (the  "Offer"),  for any and all of its  $110,669,000
aggregate  principal  amount of 8.5% Senior Notes due 2012 (the "Notes")  (CUSIP
#165167AN7).  The  Offer  expired  at 12:00  midnight,  New York City  time,  on
December  10,  2003  (the  "Expiration   Date").  As  of  the  Expiration  Date,
$106,379,000  of  aggregate  principal  amount  of  Notes  were  tendered  which
represented  approximately 96% of the outstanding  aggregate principal amount of
the Notes.

The Company accepted for payment and paid for Notes validly tendered on or prior
to the Expiration  Date,  including all Notes  previously  tendered and paid for
prior to the November 25, 2003 consent date. In connection  with the Offer,  the
Company  received  the  required  consents  from holders of the Notes to approve
proposed  amendments (the "Proposed  Amendments") to the indenture governing the
Notes  to  eliminate  substantially  all of  the  restrictive  covenants  of the
indenture.  Adoption of the Proposed  Amendments required the consent of holders
of at least a majority  of the  aggregate  principal  amount of the  outstanding
Notes.

Banc  of  America   Securities  LLC  acted  as  exclusive   dealer  manager  and
solicitation agent in connection with the Offer.


This  announcement  is not an offer to purchase,  a solicitation  of an offer to
purchase or a solicitation of consent with respect to any securities.  The Offer
was made solely by the Offer to  Purchase  and  Consent  Solicitation  Statement
dated November 12, 2003.

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:        December 12, 2003

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