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 14, 2005 (MARCH 11, 2005)


                          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)


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 11, 2005, 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  FINAL STATEMENTS AND EXHIBITS.

        (c)      Exhibits

                EXHIBIT NO.     DOCUMENT DESCRIPTION

                   99.1         Press Release dated March 11, 2005




                                    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 14, 2005





                                  EXHIBIT INDEX


         EXHIBIT NO.     DOCUMENT DESCRIPTION

            99.1         Press Release dated March 11, 2005