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) February 25, 2003,
- -------------------------------------------------------------------------------
                               (February 25, 2003)




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



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


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)





                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 9.  REGULATION FD DISCLOSURE


     Chesapeake  Energy  Corporation  ("Chesapeake")  issued a Press  Release on
February 25, 2003 announcing a common stock offering. The following was included
in the Press Release:

OKLAHOMA  CITY,  OKLAHOMA,  FEBRUARY  25, 2003 - Chesapeake  Energy  Corporation
(NYSE:CHK)  today  announced  that it  intends to  commence  a  proposed  public
offering of 20,000,000 shares of common stock. Chesapeake intends to use the net
proceeds of the offering to finance, in part, its recently announced acquisition
of natural gas properties  from The El Paso  Corporation,  which is scheduled to
close in March 2003, or in the event the El Paso acquisition is not consummated,
proceeds will be used for general corporate purposes,  including possible future
acquisitions.

The  offering  will be made  under the  company's  existing  shelf  registration
statement  and is expected to price the week of February 24,  2003.  The company
has also granted the underwriters an option to purchase an additional  3,000,000
shares of common stock to cover over-allotments.

Credit  Suisse First  Boston,  Morgan  Stanley and Salomon  Smith Barney will be
joint  book-running  managers  for  the  offering.  Copies  of  the  preliminary
prospectus  relating to the offering may be obtained  from the offices of Credit
Suisse First Boston,  Prospectus  Department,  One Madison Avenue, New York, New
York 10010, 212-325-2580,  Morgan Stanley, Prospectus Department, 1585 Broadway,
New York, New York 10036, 212-761-4000,  and Salomon Smith Barney, Brooklyn Army
Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, 718-765-6732.

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.


This document contains forward-looking  statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934.  Forward-looking  statements  include  estimates  and give our  current
expectations   or   forecasts  of  future   events.   Although  we  believe  our
forward-looking  statements are  reasonable,  they can be affected by inaccurate
assumptions or by known or unknown risks and uncertainties.

Chesapeake Energy Corporation is one of the ten 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.






                                       2




                                    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:        February 25, 2003




                                       3