CHESAPEAKE ENERGY CORP
8-K, 1998-04-22
CRUDE PETROLEUM & NATURAL GAS
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                       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)      APRIL 20, 1998
                                                 -----------------------



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



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



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

                                 (405) 848-8000
- --------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)








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                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 5.  OTHER EVENTS

         On April 20, 1998, Chesapeake Energy Corporation ("Chesapeake") issued
a press release announcing completion of $500 million senior notes and $200
million preferred stock offerings. The April 20, 1998 press release is filed
herewith as Exhibit 99 and incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits.   The following exhibit is filed herewith:

         99.      Press Release issued by the Registrant on April 20, 1998.











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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: April 20, 1998




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<PAGE>   4


                                 EXHIBIT INDEX


<TABLE>
<CAPTION>

EXHIBIT           DESCRIPTION
- -------           -----------

<S>              <C> 
99                Press Release issued by the Registrant on April 20, 1998.

</TABLE>






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<PAGE>   1

                                                                      EXHIBIT 99



                                  CONTACT: MARC ROWLAND, CHIEF FINANCIAL OFFICER
                                                        (405) 848-8000, EXT. 232

FOR IMMEDIATE RELEASE                            TOM PRICE, JR., VICE PRESIDENT-
APRIL 20, 1998                                             CORPORATE DEVELOPMENT
                                                        (405) 848-8000, EXT. 257


                 CHESAPEAKE ANNOUNCES COMPLETION OF $500 MILLION
             SENIOR NOTES AND $200 MILLION PREFERRED STOCK OFFERINGS

OKLAHOMA CITY, OKLAHOMA, APRIL 20, 1998 -- Chesapeake Energy Corporation (NYSE:
CHK) today announced that it expects to complete on April 22, 1998 a Rule 144A
private placement of $500 million of 9.625% senior notes due 2005 and $200
million of 7.0% convertible preferred stock subject to customary closing
conditions. The senior notes and the preferred stock have not been registered
under the Securities Act of 1933 and may not be sold in the United States in the
absence of an effective registration statement or pursuant to an available
exemption from the registration requirements of the Securities Act.


                                      ####


Chesapeake Energy Corporation is an independent oil and natural gas producer
headquartered in Oklahoma City. The company's operations are focused on
exploratory and developmental drilling and producing property and corporate
acquisitions in major onshore producing areas of the United States and Canada.
The company's Internet address is http://www.chesapeake-energy.com.








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