Ownership Submission
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 *
  HOOD HENRY J
 2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2006		 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)
Sr VP & General Counsel
 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 172,221
D
 

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
Nonqualified Stock Option 01/03/2001 01/03/2010 Common Stock 30,000 $ 2.25 D  
Nonqualified Stock Option 05/04/2001 05/04/2010 Common Stock 50,000 $ 4 D  
Nonqualified Stock Option 11/07/2001 11/07/2010 Common Stock 50,000 $ 5.56 D  
Nonqualified Stock Option 07/10/2002 07/10/2011 Common Stock 55,000 $ 6.11 D  
Nonqualified Stock Option 12/14/2002 12/14/2011 Common Stock 55,000 $ 6.11 D  
Incentive Stock Option 07/23/2003 07/23/2012 Common Stock 27,500 $ 5.2 D  
Nonqualified Stock Option 07/23/2003 07/23/2012 Common Stock 27,500 $ 5.2 D  
Incentive Stock Option 01/08/2004 01/08/2013 Common Stock 22,500 $ 7.8 D  
Nonqualified Stock Option 01/08/2004 01/08/2013 Common Stock 22,500 $ 7.8 D  
Incentive Stock Option 06/24/2004 06/24/2013 Common Stock 20,000 $ 10.08 D  
Nonqualified Stock Option 06/24/2004 06/24/2013 Common Stock 20,000 $ 10.08 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOOD HENRY J
6100 NORTH WESTERN AVE
OKLAHOMA CITY, OK 73118		       Sr VP & General Counsel  

Signatures

Jennifer M. Grigsby for Henry J. Hood 04/11/2006
**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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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