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PRINCIPALS CONFIRM AGREEMENT TO INDEMNIFY CHESAPEAKE ENERGY CORPORATION

 OKLAHOMA CITY, Feb. 16 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ-NMS: CSPK) today confirmed that its principal executive officers and certain of their affiliates previously had agreed to indemnify Chesapeake against all liability in connection with the $2.1 million judgment previously reported. Chesapeake has agreed to pay all costs of the appeal of the judgment.
 -0- 2/16/93
 /CONTACT: Marcus C. Rowland, vice president of Chesapeake Energy Corporation, 405-848-8000, ext. 32/
 (CSPK)


CO: Chesapeake Energy Corporation ST: Oklahoma IN: OIL SU:

WB-OS -- NY084 -- 6918 02/16/93 12:16 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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