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) July 1, 1996
CHESAPEAKE ENERGY CORPORATION
(Exact name of Registrant as specified in its Charter)
Delaware 1-13726 73-1395733
(State or other jurisdiction (Commission (IRS Employer Identification No.)
of incorporation) File Number)
6104 North Western Avenue, Oklahoma City, Oklahoma 73118
(Address of principal executive offices) (Zip Code)
(405) 848-8000
(Registrant's telephone number, including area code)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 4. Changes in Registrant's Certifying Accountant
(a) Previous independent accountants
(i) Effective July 1, 1996, Price Waterhouse LLP sold its Oklahoma City
practice to Coopers & Lybrand LLP, and as a result had to resign as the
independent accountants of Chesapeake Energy Corporation. A copy of the
resignation letter, dated July 1, 1996, is filed as Exhibit 16.1 to this
Form 8-K.
(ii) The reports of Price Waterhouse LLP on the financial statements for
the past two fiscal years contained no adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit
scope or accounting principle.
(iii) In connection with its audits for the two most recent fiscal years
and through July 1, 1996, there have been no disagreements with Price
Waterhouse LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements if not resolved to the satisfaction of Price Waterhouse LLP
would have caused them to make reference thereto in their report on the
financial statements for such years.
(iv) During the two most recent fiscal years and through July 1, 1996,
there have been no reportable events (as defined in Regulation S-K
Item 304(a)(1)(v)).
(v) The Registrant has requested that Price Waterhouse LLP furnish it
with a letter addressed to the SEC stating whether or not it agrees with
the above statements. A copy of such letter, dated July 1, 1996, is
filed as Exhibit 16.2 to this Form 8-K.
(b) New independent accountants
(i) The Registrant engaged Coopers & Lybrand LLP as its new independent
accountants as of July 1, 1996. During the two most recent fiscal
years and through July 1, 1996, the Registrant has not consulted with
Coopers & Lybrand LLP regarding either (1) the application of accounting
principles to a specified transaction, either completed or proposed; or
the type of audit opinion that might be rendered on the registrant's
financial statements, and either a written report was provided to the
registrant or oral advice was provided that Coopers & Lybrand LLP
concluded was an important factor considered by the registrant in
reaching a decision as to the accounting, auditing or financial
reporting issue; or (2) any matter that was either the subject of a
disagreement, as that term is defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions to Item 304 of Regulation
S-K, or a reportable event, as that term is defined in Item 304(a)(1)(v)
of Regulation S-K.
<PAGE>
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
MARCUS C. ROWLAND
Marcus C. Rowland,
Vice President - Chief Financial Officer
Dated: July 1, 1996
<PAGE>
<TABLE>
EXHIBIT INDEX
<CAPTION>
Exhibit No. Description Method of Filing
- ----------- ----------- ----------------
<S> <C> <C>
16.1 Letter of resignation from Filed herewith electronically
Price Waterhouse LLP
16.2 Letter from Price Waterhouse Filed herewith electronically
stating agreement with
Chesapeake Energy Corporation
statements
</TABLE>
July 1, 1996
Mr. Marc Rowland
Chief Financial Officer
Chesapeake Energy Corporation
P.O. Box 18496
Oklahoma City, Oklahoma 73154
Dear Mr. Rowland:
This is to confirm that the client-auditor relationship between Chesapeake
Energy Corporation (Commission File Number 1-13726) and Price Waterhouse LLP
has ceased.
Yours very truly,
PRICE WATERHOUSE LLP
Price Waterhouse LLP
cc: Chief Accountant
SECPS Letter File, Mail Stop 9-5
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
July 1, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
We have read Item 4 of Chesapeake Energy Corporation's Form 8-K dated July 1,
1996 and are in agreement with the statements contained in paragraph 4(a)
therein.
Yours very truly,
PRICE WATERHOUSE LLP
Price Waterhouse LLP
Oklahoma City, Oklahoma
