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                                                                    EXHIBIT 23.2
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
   
     We consent to the inclusion in the Prospectus constituting part of this
Registration Statement on Form S-3 of Chesapeake Energy Corporation (the
"Company") of (a) our report on the consolidated financial statements of the
Company dated September 13, 1996, which appears in such Prospectus and (b) our
report on the financial statements of Chesapeake Exploration Limited Partnership
("CEX") dated September 13, 1996, which appears in such Prospectus. We also
consent to the incorporation by reference in the Prospectus constituting part of
this Registration Statement on Form S-3 of (a) our report on the consolidated
financial statements of the Company dated September 13, 1996 appearing on page
28 of the Company's Annual Report on Form 10-K for the year ended June 30, 1996
and (b) our report on the financial statements of CEX dated September 13, 1996
appearing on page 60 of the Company's Annual Report on Form 10-K for the year
ended June 30, 1996. We also consent to the reference to us under the heading
"Experts" in such Prospectus.
    
 
COOPERS & LYBRAND L.L.P.
 
Oklahoma City, Oklahoma
   
November 15, 1996