1 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 JULY 2, 1998 ------------- DATE OF EARLIEST EVENT REPORTED JUNE 22, 1998 ------------- CHESAPEAKE ENERGY CORPORATION - ------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) OKLAHOMA 1-13726 73-1395733 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) 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)

2 INFORMATION TO BE INCLUDED IN THE REPORT ITEM 5. OTHER EVENTS On June 22, 1998, Chesapeake Energy Corporation ("Chesapeake") issued a press release to announce the declaration of quarterly cash dividends on the company's common stock and its 7% convertible preferred stock. The June 22, 1998 press release is filed herewith as Exhibit 99 and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. The following exhibit is filed herewith: 99. Press Release issued by the Registrant on June 22, 1998. 2

3 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/ MARCUS C. ROWLAND ---------------------- Marcus C. Rowland, Senior Vice President and Chief Financial Officer Dated: July 2, 1998 3

4 EXHIBIT INDEX EXHIBIT DESCRIPTION - ----------------------------- 99 Press Release issued by the Registrant on June 22, 1998. 4

1 EXHIBIT 99 CONTACT: MARC ROWLAND, CHIEF FINANCIAL OFFICER (405)848-8000, EXT. 232 FOR IMMEDIATE RELEASE TOM PRICE, JR., VICE PRESIDENT- JUNE 22, 1998 CORPORATE DEVELOPMENT (405)848-8000, EXT. 257 CHESAPEAKE ENERGY CORPORATION ANNOUNCES CASH DIVIDENDS FOR SHAREHOLDERS OKLAHOMA CITY, OKLAHOMA, JUNE 22, 1998 -- Chesapeake Energy Corporation (NYSE:CHK) today announced the declaration of quarterly cash dividends on the company's common stock and its 7% convertible preferred stock. The dividend for the common stock is payable on July 15, 1998, to shareholders of record on June 30, 1998, at the rate of $.02 per share. The dividend for the preferred stock is payable on August 1, 1998, to shareholders of record on June 30, 1998, at the rate of $.875 per share. #### Chesapeake Energy Corporation is an independent oil and natural gas producer headquartered in Oklahoma City. The company's operations are focused on exploratory and developmental drilling and producing property and corporate acquisitions in major onshore producing areas of the United States and Canada. The company's internet address is http://www.chesapeake-energy.com. 5