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                                                                    EXHIBIT 23.2

                      CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the use in the Prospectus constituting part of this
Registration Statement on Form S-4 of Chesapeake Energy Corporation of our
report dated September 20, 1995, except for the fourth paragraph of Note 9
which is as of October 9, 1997, and except for the earnings per share
information as described in Note 1, which is as of March 24, 1998, relating to
the financial statements of Chesapeake Energy Corporation, which appears in such
Prospectus on page F-3. We also consent to the reference to us under the
heading "Experts".


/s/ PRICE WATERHOUSE LLP


PRICE WATERHOUSE LLP

Houston, Texas
June 17, 1998