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                                                                    EXHIBIT 23.3

                        Consent of Independent Auditors

We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-3 dated July 29, 1998) and related Prospectus of
Chesapeake Energy Corporation for the registration of 4,600,000 shares of its 7%
cumulative convertible preferred stock and 33,093,525 shares of its common stock
and to the incorporation by reference therein of our report dated March 24,
1998, with respect to the consolidated financial statements and schedules of
Hugoton Energy Corporation included in its Annual Report (Form 10-K) for the
year ended December 31, 1997, filed with the Securities and Exchange Commission.


                                        /s/ ERNST & YOUNG LLP


Wichita, Kansas
July 28, 1998