Item 8.01. Other Events.

On March 16, 2009, Chesapeake Energy Corporation (the "Company") issued a press release announcing that it will convert all of its outstanding 4.125% Cumulative Convertible Preferred Stock, par value $0.01 per share, into Chesapeake Energy Corporation Common Stock, par value $0.01 per share, on March 31, 2009. A copy of this press release is filed herewith as Exhibit 99.1.

On March 17, 2009, the Company 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 filed herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. See "Index to Exhibits" attached to this Current Report on Form 8-K, which is incorporated by reference herein.

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