FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   DIXON STEVEN C 2. Date of Event Requiring Statement (Month/Day/Year) 02/13/2006 3. Issuer Name and Ticker or Trading Symbol CHESAPEAKE ENERGY CORP [CHK] (Last) (First) (Middle) 6100 NORTH WESTERN AVE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President,COO 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) OKLAHOMA CITY, OK 73118 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 336,180 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	05/04/2001	05/04/2010	Common Stock	50,000	$ 4	D	Â
Non-Qualified Stock Option (right to buy)	11/07/2001	11/07/2010	Common Stock	50,000	$ 5.56	D	Â
Non-Qualified Stock Option (right to buy)	07/10/2002	07/10/2011	Common Stock	55,000	$ 6.11	D	Â
Non-Qualified Stock Option (right to buy)	12/14/2002	12/14/2011	Common Stock	55,000	$ 6.11	D	Â
Insentive Stock Option (right to buy)	07/23/2003	07/23/2012	Common Stock	30,000	$ 5.2	D	Â
Non-Qualified Stock Option (right to buy)	07/23/2003	07/23/2012	Common Stock	30,000	$ 5.2	D	Â
Non-Qualified Stock Option (right to buy)	01/03/2001	01/03/2010	Common Stock	30,000	$ 2.25	D	Â
Incentive Stock Option (right to buy)	10/16/1999	10/16/2008	Common Stock	50,000	$ 1.13	D	Â
Incentive Stock Option (right to buy)	01/08/2004	01/08/2013	Common Stock	25,000	$ 7.8	D	Â
Non-Qualified Stock Option (right to buy)	01/08/2004	01/08/2013	Common Stock	25,000	$ 7.8	D	Â
Incentive Stock Option (right to buy)	06/24/2004	06/24/2013	Common Stock	22,500	$ 10.08	D	Â
Non-Qualified Stock Option (right to buy)	06/24/2004	06/24/2013	Common Stock	22,500	$ 10.08	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DIXON STEVEN C 6100 NORTH WESTERN AVE OKLAHOMA CITY, OK 73118	Â	Â	  Executive Vice President,COO	Â

Signatures

By Jennifer M. Grigsby For Steven C. Dixon		02/22/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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