-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F4YDG1IrKZo0EhlXRWRYRbMRw4FHu8n1kGKC+IJZGn6XwqWjGeqfwGcsDcxrx7th
 toRGEk4MphR/NzxWo/eRGA==

<SEC-DOCUMENT>0000909992-03-000007.txt : 20030603
<SEC-HEADER>0000909992-03-000007.hdr.sgml : 20030603
<ACCEPTANCE-DATETIME>20030602181059
ACCESSION NUMBER:		0000909992-03-000007
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030529
FILED AS OF DATE:		20030603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HALLOCK ALLAN R
		CENTRAL INDEX KEY:			0001198627

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12396
		FILM NUMBER:		03728894

	BUSINESS ADDRESS:	
		STREET 1:		BEARD CO.
		STREET 2:		5600 N. MAY AVE.
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEARD CO /OK
		CENTRAL INDEX KEY:			0000909992
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				730970298
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5600 N MAY AVE
		STREET 2:		STE 320
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112
		BUSINESS PHONE:		4058422333

	MAIL ADDRESS:	
		STREET 1:		5600 N MAY
		STREET 2:		STE 320
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BEARD INVESTMENT CO
		DATE OF NAME CHANGE:	19930730
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>hal47.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-05-29</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000909992</issuerCik>
        <issuerName>BEARD CO /OK</issuerName>
        <issuerTradingSymbol>BRCO</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
		<reportingOwnerId>
            <rptOwnerCik>0001198627</rptOwnerCik>
            <rptOwnerName>HALLOCK ALLAN R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>1</isDirector>
			<isOfficer>0</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
		</reportingOwnerRelationship>
	</reportingOwner>
	<nonDerivativeSecurity>
		<securityTitle>
			<value>Common Stock, $.001333 par value</value>
		</securityTitle>
		<transactionDate>
			<value>2003-05-29</value>
		</transactionDate>
		<deemedExecutionDate>
			<value>2003-01-31</value>
		</deemedExecutionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>A</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>33218</value>
				<footnoteId id="F1"/>
			</transactionShares>
			<transactionValue>
				<value>0</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>35093.000</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>D</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value/>
			</natureOfOwnership>
		</ownershipNature>
	</nonDerivativeSecurity>
	<derivativeSecurity>
		<securityTitle>
			<value>Deferred Stock Comp. Units</value>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>0.0000</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2003-05-29</value>
		</transactionDate>
		<deemedExecutionDate>
			<value>2003-01-31</value>
		</deemedExecutionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>M</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>33218</value>
				<footnoteId id="F1"/>
			</transactionShares>
			<transactionValue>
				<value>0</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>D</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>1988-08-08</value>
			<footnoteId id="F3"/>
		</exerciseDate>
		<expirationDate>
			<value>1988-08-08</value>
			<footnoteId id="F3"/>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Common Stock, $.001333 par value</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>33218.000</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>0.000</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>D</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value/>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<footnotes>
		<footnote id="F1">On 1/31/03 the Deferred Stock Compensation Plan terminated due to the total number of shares in the Participants' accounts exceeding the maximum number of 350,000 authorized under the Plan.  This termination was not discovered until the second quarter of 2003, and distribution of the Participants' shares was not made until the second quarter of 2003.  These shares were deemed to be issued as of 1/31/03.</footnote>
		<footnote id="F3">The stock units were accrued under The Beard Company Deferred Stock Compensation Plan and are to be settled 100% in BRCO Common Stock upon the reporting person's termination of service or termination of the Plan.</footnote>
	</footnotes>
	<ownerSignature>
		<signatureName>By: Rebecca G. Witcher, Attorney in Fact</signatureName>
		<signatureDate>2003-06-02</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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