Item 1.01  Entry into a Material Definitive Agreement.
DIP Credit Agreement
On July 1, 2020, Chesapeake Energy Corporation ("Chesapeake") entered into the
Senior Secured Super-Priority Debtor-in-Possession Credit Agreement dated as of
July 1, 2020 (as amended, restated, modified and supplemented from time to time,
the "DIP Credit Agreement"), by and among Chesapeake, as borrower, the
guarantors party thereto (together with Chesapeake, the "Debtors"), MUFG Union
Bank, N.A., as the agent, and the several lenders from time to time party
thereto, the terms of which were previously disclosed in Item 1.03 under the
caption "DIP Credit Facility" of Chesapeake's Current Report on Form 8-K, filed
with the Securities and Exchange Commission on June 29, 2020 and are
incorporated by reference into this Item 1.01.
The description of the material terms and conditions of the DIP Credit Agreement
is a summary only, does not purport to be complete, and is qualified by
reference to the full text of the DIP Credit Agreement incorporated by reference
into this Current Report as Exhibit 10.1.
Amendment to DIP Credit Agreement
On September 15, 2020, Chesapeake entered into the First Amendment (the
"Amendment") to the DIP Credit Agreement. The Amendment, among other things,
amends the maximum hedging covenant to allow the Debtors to enter into
additional non-speculative hedge agreements based on forecasted production.
The above description of the material terms and conditions of the Amendment is a
summary only, does not purport to be complete, and is qualified by reference to
the full text of the Amendment attached to this Current Report as Exhibit 10.2.
Item 2.03  Creation of a Direct Financial Obligation or Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 regarding the DIP Credit Agreement is
incorporated by reference into this Item 2.03.
Item 9.01  Exhibits.

(d)
Exhibit No.   Document Description
   10.1       Senior Secured Super-Priority Debtor-in-Possession Credit
              Agreement, dated July 1, 2020, by and among Chesapeake Energy
              Corporation, as borrower, the guarantors party thereto, MUFG Union
              Bank, N.A., as the agent, and the several lenders from time to time
              party thereto (incorporated by reference to Exhibit A of Exhibit
              10.1 to Chesapeake Energy Corporation's Current Report on Form 8-K
              (File No. 001-13726) filed on June 29, 2020).
   10.2       First Amendment to Senior Secured Super-Priority
              Debtor-in-Possession Credit Agreement, dated September 15, 2020, by
              and among Chesapeake Energy Corporation, as borrower, the
              guarantors party thereto, MUFG Union Bank, N.A., as the agent, and
              the several lenders from time to time party thereto.
    104       Cover Page Interactive Data File (embedded within the Inline XBRL
              document and contained in Exhibit 101).




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