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     May 12, 2003

         Date of earliest event reported     May 8, 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 and Regulation FD Disclossure.

     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 May 9, 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

                                       HERB MEE, JR.
                                       Herb Mee, Jr., President

Date:  May 12, 2003