Filed pursuant to Rule 424 (b)(3)
                                                      Registration No. 333-76546


                                3,000,000 SHARES

                                       OF

                          CHESAPEAKE ENERGY CORPORATION

                  6.75% CUMULATIVE CONVERTIBLE PREFERRED STOCK

                     (LIQUIDATION PREFERENCE $50 PER SHARE)

                                       AND

                                  COMMON STOCK,

                           (PAR VALUE $.01 PER SHARE)



                          PROSPECTUS SUPPLEMENT NO. 11
                              DATED APRIL 30, 2003
                      TO PROSPECTUS DATED JANUARY 30, 2002

                             -------------------


         The selling  securityholders  table on page 27 and 28 of the prospectus
is amended by this supplement no.11 to read as follows.




                                                                                                           NUMBER OF
                                   NUMBER OF                   NUMBER OF                                   SHARES OF
                                   SHARES OF     NUMBER OF     SHARES OF      NUMBER OF       NUMBER OF   COMMON STOCK
                                   PREFERRED     SHARES OF     PREFERRED      SHARES OF       SHARES OF    TO BE OWNED
                                     STOCK       PREFERRED    STOCK TO BE    COMMON STOCK      COMMON        AFTER
                                 BENEFICIALLY   STOCK BEING   OWNED AFTER    BENEFICIALLY    STOCK BEING   COMPLETION
                                  OWNED PRIOR     OFFERED      COMPLETION    OWNED PRIOR TO    OFFERED       OF THE
NAME                           TO THE OFFERING     HEREBY   OF THE OFFERING  THE OFFERING      HEREBY       OFFERING
- ----                           ---------------------------------------------------------------------------------------

                                                                                                 
AIG Soundshore Holdings Ltd...        139,500       139,500             0        905,843         905,843           0
AIG Soundshore Opportunity
  Holding Fund Ltd............         76,400        76,400             0        496,103         496,103           0
AIG Soundshore Strategic
  Holding Fund Ltd............         46,100        46,100             0        299,350         299,350           0
Alpine Associates.............        100,000       100,000             0        649,350         649,350           0
Alpine Partners, L.P..........         15,000        15,000             0         97,403          97,403
American Samoa Government.....          1,000         1,000             0          6,494           6,494           0
Argent Classic Convertible
Arbitrage Fund (Bermuda) Ltd..         20,000        20,000             0        129,870         129,870           0
Argent Classic Convertible
Arbitrage Fund L.P............            300           300             0          1,948           1,948           0
Argent LowLev Convertible
  Arbitrage Fund Ltd..........         40,000        40,000             0        259,740         259,740           0
Banc of America Securities LLC        180,000       180,000             0      1,168,830       1,168,830           0
Bear, Stearns & Co. Inc.......          5,000         5,000             0         32,468          32,468           0
BGI Global Investors
  c/o Forest Investment Mngt.           6,200         6,200             0         40,260          40,260           0
L.L.C
BP Amoco PLC Master Trust.....         24,130        24,130             0        156,688         156,688           0
CF FX, LLC....................         62,000        62,000             0        402,597         402,597           0
Credit Suisse First Boston
Corporation...................        128,500       128,500             0        834,415         834,415           0
CSFB Convertible and
  Quantitative Strategies.....         50,000        50,000             0        324,675         324,675           0
Fidelity Financial Trust:
  Fidelity Convertible
Securities                            405,000       405,000             0      2,629,868       2,629,868           0
  Fund........................
First Union National Bank.....        295,000       295,000             0      1,915,583       1,915,583           0
FIST - Franklin Convertible
  Securities Fund.............         40,000        40,000             0        259,740         259,740           0
Forest Alternative Strategies II        1,800         1,800             0         11,688          11,688           0
Forest Fulcrum Fund L.L.P.....         20,000        20,000             0        129,870         129,870           0
Forest Global Convertible Fund
  Series A-5..................         75,600        75,600             0        490,909         490,909           0
Franklin Custodian Fund -
  Income Fund.................        270,800       270,800             0      1,758,440       1,758,440           0
FTIF - Franklin Income Fund...          1,000         1,000             0          6,494           6,494           0
FTVIPT - Franklin Income
  Securities Fund.............         18,000        18,000             0        116,883         116,883           0

Global Bermuda Limited Partnership................. 4,000 4,000 0 25,974 25,974 0 HFR TQA Master Trust.......... 10,000 10,000 0 64,935 64,935 0 Highbridge International LLC.. 10,000 10,000 0 64,935 64,935 0 Hotel Union & Hotel Industry of 10,700 10,700 0 69,480 69,480 0 Hawaii Pension Plan........... Jefferies & Co................ 88,000 88,000 0 571,428 571,428 0 Jefferies and Company, Inc. c/o SSI Investment Management Inc......................... 235 235 0 1,526 1,526 0 KBC Financial Products USA Inc. 17,500 17,500 0 113,636 113,636 0 Lakeshore International Ltd... 16,000 16,000 0 103,896 103,896 0 LDG Limited................... 10,000 10,000 0 64,935 64,935 Lipper Convertibles, L.P...... 150,000 150,000 0 974,025 974,025 0 LLT Limited................... 6,200 6,200 0 40,260 40,260 0 Lyxor Master Fund Ref: Argent/LowLev CB c/o Argent................... 200 200 0 1,299 1,299 0 Lyxor Master Fund............. 2,000 2,000 0 12,987 12,987 0 Navigator Offshore Fund, Ltd.. 15,000 15,000 0 97,403 97,403 0 Navigator Partners L.P........ 3,000 3,000 0 19,481 19,481 0 Onex Industrial Partners Limited 7,250 7,250 0 47,078 47,078 0 Pebble Capital Inc............ 3,000 3,000 0 19,481 19,481 0 Peoples Benefit Life Insurance Company/TEAMSTERS........... 17,500 17,500 0 113,636 113,636 0 Ramius Capital Group.......... 10,000 10,000 0 64,935 64,935 0 RBC Capital Services Inc. c/o Forest Investment Mngt. LLC......................... 1,500 1,500 0 9,740 9,740 0 RCG Halifax Master Fund Ltd... 5,000 5,000 0 32,468 32,468 0 RCG Latitude Master Fund Ltd.. 15,000 15,000 0 97,403 97,403 0 RCG Multi Strategy LP......... 10,000 10,000 0 64,935 64,935 0 Retail Clerks Pension Trust #2 17,500 17,500 0 113,636 113,636 0 Silvercreek II Limited........ 9,750 9,750 0 63,312 63,312 0 Silvercreek Limited Partnership 5,000 5,000 0 32,468 32,468 0 Speer, Leeds & Kellogg L.P.... 10,000 10,000 0 64,935 64,935 0 Sunrise Partners LLC.......... 269,000 269,000 0 1,746,752 1,746,752 0 Sylvan (IMA) Ltd. c/o Forest Investment Mngt. L.L.C....................... 7,500 7,500 0 48,701 48,701 0 The Estate of James Campbell.. 3,249 3,249 0 21,097 21,097 0 The James Campbell Corporation 4,291 4,291 0 27,864 27,864 0 The Northwestern Mutual Life Insurance Company........... 30,000 30,000 0 194,805 194,805 0 TQA Master Fund, LTD.......... 50,000 50,000 0 324,675 324,675 0 TQA Master Plus Fund LTD...... 45,000 45,000 0 292,208 292,208 0 UBS O'Connor LLC F/B/O UBS Global Equity Arbitrage Master Ltd........ 70,000 70,000 0 454,545 454,545 0 Viacom Inc. Pension Plan Master Trust... 960 960 0 6,234 6,234 0 White River Securities L.L.C.. 5,000 5,000 0 32,468 32,468 0 Yield Strategies Fund I, LP... 7,500 7,500 0 48,701 48,701 0 Yield Strategies Fund II, LP.. 7,500 7,500 0 48,701 48,701 0 Zurich Institutional Benchmarks Master Fund c/o TQA Investors, L.L.C.... 10,000 10,000 0 64,935 64,935 0 Zurich Institutional Benchmarks Master Fund Ltd............... 20,435 20,435 0 132,695 132,695 0 Zurich Master Hedge Fund c/o Forest Investment Mngt. L.L.C....................... 6,200 6,200 0 40,260 40,260 0 (1) The stated amounts, to the extent they describe common stock issuable upon conversion of the holder's preferred stock, assume conversion of all of the holders' preferred stock at a conversion ratio of 6.4935 shares of our common stock per share of preferred stock. This conversion ratio, however, will be subject to adjustment as described under "Description of the Preferred Stock - Conversion Price Adjustment". As a result, the number of shares of our common stock issuable upon conversion of the preferred stock and, therefore, attributable to holders of preferred stock, may increase or decrease in the future. 2