Exhibit 99.2

    THE BEARD COMPANY                                        News Release
Enterprise Plaza, Suite 320
    5600 North May Avenue                              Herb Mee, Jr., President
Oklahoma City, Oklahoma 73112
(405) 842-2333    OTCBB:  BRCO


                                THE BEARD COMPANY
                 COMMENCES $1,800,000 CONVERTIBLE NOTE OFFERING

FOR IMMEDIATE RELEASE:  September 15, 2004

     Oklahoma City,  Oklahoma --- During the past 60 days the Company  announced
the execution of a services  agreement and a pond fines  recovery  agreement for
projects to be  undertaken by Beard  Technologies,  Inc. In order to provide the
equity required to secure the debt financing  needed for the pond fines recovery
project, The Beard Company (OTCBB:BRCO) today announced that it has arranged for
an investment banking firm to sell $1,800,000 of 9% 5-year subordinated notes to
accredited  investors in a private  placement on a best efforts basis. The notes
are convertible  into shares of the Company's common stock at a conversion price
of $1.50 per share. Some of the notes will also be sold by the Company.

     Neither the 9% convertible notes nor the underlying common stock into which
they are convertible  have been registered  under the Securities Act of 1933, as
amended and may not be offered or sold in the United States absent  registration
or an applicable exemption from registration requirements.

     The Beard Company's  common stock is traded on the OTC Bulletin Board under
the  symbol:  BRCO.  Its  operations  consist  principally  of coal  reclamation
activities,  carbon dioxide (CO2) gas production, the construction of fertilizer
plants in China,  and its  e-commerce  activities  aimed at developing  business
opportunities  to leverage  starpay(TM)'s  intellectual  property  portfolio  of
Internet payment methods and security technologies.

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FOR FURTHER INFORMATION CONTACT:  Herb Mee, Jr.


Fax Number (405) 842-9901                              Email:  hmee@beardco.com