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 ANNOUNCES
                                 COMMENCEMENT OF
                      $2,004,102 CONVERTIBLE NOTE OFFERING

FOR IMMEDIATE RELEASE:  Wednesday, June 29, 2005

     Oklahoma City, Oklahoma --- The Beard Company (OTCBB:BRCO) today announced
that it has arranged for an investment banking firm to offer up to $2,004,102
aggregate principal amount of 12% Convertible Subordinated Notes (the "Notes")
which are convertible into shares of our common stock (the "Underlying Common
Stock"). The Notes, which mature on August 31, 2009, will be offered to
accredited investors in a private placement on a best efforts basis. The minimum
investment for the offering will be $25,000. The offering may be closed in one
or more stages upon the earlier to occur of (i) acceptance of a minimum of
$200,000 of subscriptions, or (ii) August 31, 2005.

     The Notes are convertible into shares of our common stock. The conversion
price for the Notes will be determined by the weighted average price of our
common stock during the 90-day period preceding the date each subscription is
received by us, subject to a floor of $2.25 per share; provided, however, that
notes issued in connection with subscriptions received on or before July 15,
2005 will have a conversion price of $2.25. We may force conversion of the Notes
after February 28, 2007 if the weighted average sales price of our common stock
has been more than two times the Conversion Price for more than sixty (60)
consecutive trading days.

     We are also allowing holders of our outstanding 10% Participating Notes due
2006 (the "10% Notes") to tender their 10% Notes in exchange for the Notes.
There are presently $804,102 of the 10% Notes outstanding. Holders who exchange
their 10% Notes will also have the right to purchase the Notes for a minimum
investment of $5,000.

     The securities offered have not been and will not be registered under the
Securities Act of 1933 or any state securities laws and may not be offered or
sold absent registration or an applicable exemption from the 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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     Statements regarding future profitability and operations, including the
timing of those activities, are "forward looking statements" within the meaning
of the Private Securities Litigation Reform Act. The statements involve risks
that could significantly impact The Beard Company. These risks include, but are
not limited to, adverse general economic conditions, unexpected costs or delays
or other unexpected events, as well as other risks discussed in detail in The
Beard Company's filings with the Securities and Exchange Commission. The Beard
Company assumes no duty to update or revise its forward-looking statements based
on changes in internal estimates or otherwise. # # # # #

FOR FURTHER INFORMATION CONTACT:  Herb Mee, Jr.

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