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                                  UNITED STATES
                       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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                         April 12, 2005 (April 12, 2005)


                          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)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))


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Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure.

         On April 12, 2005, Chesapeake Energy Corporation issued a press release
announcing an agreement to acquire natural gas properties from various private
sellers for $686 million. This press release is attached as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01  Final Statements and Exhibits.

         (c)      Exhibits




Exhibit No.             Document Description
         99.1           Press Release





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 hereunto duly authorized.

                                            CHESAPEAKE ENERGY CORPORATION


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

Date:         April 12, 2005






                                  EXHIBIT INDEX


      Exhibit No.      Document Description

         99.1           Press Release