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)

March 8, 2006 (March 6, 2006)

CHESAPEAKE ENERGY CORPORATION

(Exact name of Registrant as specified in its Charter)

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

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))

Section 8 – Other Events

Item 8.01 Other Events.

On March 6, 2006, Chesapeake Energy Corporation issued a press release announcing that its Board of Directors has declared quarterly common and preferred stock dividends. A copy of the press release is attached as exhibit 99.1 to this Current Report.

Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits

	(c)	Exhibits

Exhibit No.			Document Description

99.1			Chesapeake Energy Corporation press release dated March 6, 2006

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:

March 8, 2006

EXHIBIT INDEX
Exhibit No.		Document Description

99.1		Chesapeake Energy Corporation press release dated March 6, 2006

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

March 6, 2006

N e w s R e l e a s e

Chesapeake Energy Corporation

P. O. Box 18496

Oklahoma City, OK 73154

INVESTOR CONTACT:

JEFFREY L. MOBLEY, CFA

VICE PRESIDENT-

INVESTOR RELATIONS AND RESEARCH

(405) 767-4763

MEDIA CONTACT:

THOMAS S. PRICE, JR.

SENIOR VICE PRESIDENT -

CORPORATE DEVELOPMENT

(405) 879-9257

CHESAPEAKE ENERGY CORPORATION DECLARES QUARTERLY

COMMON AND PREFERRED STOCK DIVIDENDS

OKLAHOMA CITY, OKLAHOMA, MARCH 6, 2006 - Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared a $0.05 per share quarterly dividend that will be paid on April 17, 2006 to common shareholders of record on April 3, 2006. Chesapeake has approximately 379 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below:

Chesapeake Energy Corporation

Preferred Stock Dividend Declaration

	Cumulative Convertible Preferred Stock
	5% (2003)	4.125%	5% (2005)	4.50%	5% (2005B)
Date of Issue	May 18, 2003	Mar. 30, 2004	April 19, 2005	Sept. 14, 2005	Nov. 8, 2005
Registered CUSIP	165167800	165167875	165167859	165167842	165167826
144A CUSIP	N/A	165167883	165167867	N/A	165167834
Par Value per Share	$0.01	$0.01	$0.01	$0.01	$0.01
Shares Outstanding	842,673	86,310	4,600,000	3,450,000	5,750,000
Liquidation Preference per Share	$100	$1,000	$100	$100	$100
Record Date	May 1, 2006	June 1, 2006	April 3, 2006	June 1, 2006	May 1, 2006
Payment Date	May 15, 2006	June 15, 2006	April 17, 2006	June 15, 2006	May 15, 2006
Amount per Share	$1.25	$10.3125	$1.25	$1.125	$1.25

Chesapeake Energy Corporation is the second largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the United States. The company’s Internet address is www.chkenergy.com.