On September 2, 2008, Chesapeake Energy Corporation and BP America announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake's Fayetteville Shale assets in Arkansas for $1.9 billion. A copy of this press release is attached as exhibit 99.1 to this Current Report.

On September 4, 2008, Douglas J. Jacobson, Executive Vice President - Acquisitions and Divestitures of Chesapeake Energy Corporation entered into a sales trading plan pursuant to Rule 10b5-1 of the Securities and Exchange Act of 1934. The plan expires on August 31, 2009 and has been approved by Chesapeake in accordance with its Insider Trading Policy. The plan is part of the executive's long-term strategy to diversify assets. Other Chesapeake executives may enter into Rule 10b5-1 trading plans in the future, from time to time.

(d) Exhibits

Exhibit No.               Document Description

   99.1       Chesapeake Energy Corporation press release
              dated September 2, 2008.