UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of Report                     February 25, 2003

         Date of earliest event reported    February 21, 2003


                                THE BEARD COMPANY
             (Exact name of registrant as specified in its charter)

            Oklahoma                       0-12396             73-0970298
(State or other jurisdiction of   (Commission File Number)  (I.R.S. Employer
 incorporation or organization)                           Identification Number)


Enterprise Plaza
5600 N. May Avenue
Suite 320
Oklahoma City, Oklahoma                                          73112
(Address of principal executive offices)                       (Zip Code)

                                       N/A
          (Former name or former address, if changed since last report)


                                THE BEARD COMPANY

                                    FORM 8-K

Item 5.  Other Events.

     Complete details  concerning the matter requiring the filing of this report
are set forth in the News  Release  attached  as  Exhibit  99  hereto,  which is
incorporated herein by reference.

Item 7.  Financial Statements and Exhibits.

(c)  The following  exhibits are filed with this Form 8-K and are  identified by
     the numbers indicated:

Exhibit
  No.                   Description
  ---                   -----------

  99         Press Release dated February 25, 2003


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                      THE BEARD COMPANY

                                      /s/Herb Mee, Jr.
                                         Herb Mee, Jr., President

Date:  February 25, 2003

                                 EXHIBIT INDEX

Exhibit
No.        Description                        Method of Filing
- -------    -----------                        ----------------

99         Press Release dated February 25,   Filed herewith electronically
           2003