Chesapeake Energy Corporation Announces Fourth Quarter and 2001 Full-Year Earnings Release Date and Conference Call

Chesapeake Energy Corporation has scheduled its fourth quarter and 2001 full-year earnings release to be issued after the close of trading on the New York Stock Exchange on Thursday, February 21, 2002.

A conference call is scheduled for Friday morning, February 22, 2002 at 9:00 am EST to discuss the release. The telephone number to access the conference call is 913.981.5519. We encourage those who would like to participate in the call to place your calls between 8:50 and 9:00 am EST.

For those unable to participate in the conference call, a replay will be available for audio playback at 10:00 am EST on February 22, 2002, and will run through midnight Thursday, March 7, 2002. The number to access the conference call replay is 719.457.0820; passcode for the replay is 502603.

The conference call will also be simulcast live on the internet and can be accessed by going directly to the Chesapeake website at and selecting "Conference Calls" under the "Investor Relations" section. The webcast of the conference call will be available on our website indefinitely.

Chesapeake Energy Corporation is one of the ten largest independent natural gas producers in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and producing property acquisitions in the Mid-Continent region of the United States. The company's Internet address is


SOURCE: Chesapeake Energy Corporation

Contact: Marc Rowland, Executive Vice President and Chief Financial
Officer, +1-405-879-9232, or Tom Price, Jr., Senior Vice President, Corporate
Development, +1-405-879-9257, both of Chesapeake Energy Corporation