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 29, 2004 (JULY 28, 2004)


                          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 5.  OTHER EVENTS


Chesapeake Energy Corporation  ("Chesapeake") issued a Press Release on July 28,
2004  announcing  the pricing of $300 million of 7% senior  notes due 2014.  The
following was included in the Press Release:

         Chesapeake today announced that it has priced at par a private offering
of $300  million  of senior  notes due  August  15,  2014,  which  will carry an
interest  rate of 7%. The senior  notes  being  sold by  Chesapeake  will not be
registered  under the  Securities  Act of 1933 and may not be offered or sold in
the  United  States  absent   registration  or  an  applicable   exemption  from
registration  requirements.  The senior notes will be eligible for trading under
Rule 144A.

     Closing of the senior  notes  offering  is  expected  to occur on August 2,
2004, and is subject to satisfaction of customary closing conditions. Chesapeake
intends  to use the net  proceeds  of the  offering  to finance a portion of the
pending  acquisitions  of Bravo Natural  Resources,  Inc.,  certain  assets from
Legend Natural Gas, LP and to repay amounts  outstanding under our existing bank
credit  facility  incurred to finance  the  acquisition  of certain  assets from
Tilford Pinson  Exploration,  LLC. The Bravo acquisition is expected to close by
August 2, 2004 and the Legend  acquisition is expected to close August 31, 2004.
If these acquisitions do not close,  excess net proceeds of the offering will be
used for general  corporate  purposes,  including  repayment of debt or possible
future acquisitions.

     This  announcement  shall not constitute an offer to sell or a solicitation
of an offer to buy. 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  FIVE  LARGEST  INDEPENDENT  U.S.
NATURAL GAS PRODUCERS.  HEADQUARTERED IN OKLAHOMA CITY, THE COMPANY'S OPERATIONS
ARE FOCUSED ON EXPLORATORY  AND  DEVELOPMENTAL  DRILLING AND PRODUCING  PROPERTY
ACQUISITIONS IN THE MID-CONTINENT,  PERMIAN BASIN, SOUTH TEXAS, TEXAS GULF COAST
AND ARK-LA-TEX  REGIONS OF THE UNITED STATES.  THE COMPANY'S INTERNET ADDRESS IS
WWW.CHKENERGY.COM.


                                       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:        July 29, 2004

                                       3