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 16, 2003

         Date of earliest event reported    May 14, 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 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 14, 2003

Item 9. Regulation FD Disclosure.

     Complete  details  concerning  the matter which  Registrant  has elected to
disclose are set forth in the News Release attached as Exhibit 99 hereto,  which
is incorporated herein by reference. This Exhibit is filed under both Item 9 and
Item 12.


                                   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 16, 2003


                               INDEX TO EXHIBITS

Exhibit
Number         Description                            Method of Filing
- ------         -----------                            ----------------

  99   Press Release dated May 14, 2003     Filed herewith electronically