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)
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                        January 3, 2005 (January 3, 2005)


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


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


            6100 North Western Avenue, Oklahoma City, Oklahoma 73118
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               (Address of principal executive offices) (Zip Code)


                                  405.848.8000
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              (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 5 - CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 5.02   ELECTION OF DIRECTOR


     On January 3, 2005,  Chesapeake Energy  Corporation  issued a press release
announcing  the  election  of Senator  Don  Nickles to the  Chesapeake  Board of
Directors. Senator Nickles has been appointed to the Audit Committee of
the Board. The press release is attached hereto as exhibit 99.1.


SECTION - 9 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

     EXHIBIT NO.             DOCUMENT DESCRIPTION
     -----------             --------------------

        99.1             Press Release of January 3, 2005


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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 hereunto duly authorized.


                                           CHESAPEAKE ENERGY CORPORATION


                                     By:   /s Aubrey K. McClendon
                                           ------------------------------------
                                              Aubrey K. McClendon
                                              Chairman of the Board and
                                             Chief Executive Officer


Date:         January 3, 2005


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                                  EXHIBIT INDEX


    EXHIBIT NO.             DOCUMENT DESCRIPTION
     -----------             --------------------

        99.1             Press Release of January 3, 2005

                                       4