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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,
 I9i/Rz8shB1MjGnwB/YB1i+crChso3nSIVxw7QCwoEnOoDUY5tRk4oMRMIEdt1Q0
 DMOOfJpD9p5UzwdA0Du0TQ==

<SEC-DOCUMENT>0000909992-03-000044.txt : 20030801
<SEC-HEADER>0000909992-03-000044.hdr.sgml : 20030801
<ACCEPTANCE-DATETIME>20030801163311
ACCESSION NUMBER:		0000909992-03-000044
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030731
FILED AS OF DATE:		20030801

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MEE HERB JR
		CENTRAL INDEX KEY:			0000905188

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12396
		FILM NUMBER:		03818434

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

	MAIL ADDRESS:	
		STREET 1:		5600 NORTH MAY
		STREET 2:		STE 320
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>mee73.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-07-31</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000909992</issuerCik>
        <issuerName>BEARD CO /OK</issuerName>
        <issuerTradingSymbol>BRCO</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000905188</rptOwnerCik>
            <rptOwnerName>MEE HERB JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5600 N. MAY AVENUE, SUITE 320</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OKLAHOMA CITY,</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>73112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>1</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>President &amp; CFO</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<nonDerivativeTable>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, $.001333 par value</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>27392.000</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, $.001333 par value</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>127743.857</value>
					<footnoteId id="F2"/>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By 401(k)</value>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, $.001333 par value</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>4600.000</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Mee Investments</value>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, $.001333 par value</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>33.000</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By Spouse</value>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
		<nonDerivativeHolding>
			<securityTitle>
				<value>Common Stock, $.001333 par value</value>
			</securityTitle>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>14422.000</value>
					<footnoteId id="F1"/>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>Marlene Mee &amp; Herb Mee Jr Jtn</value>
				</natureOfOwnership>
			</ownershipNature>
		</nonDerivativeHolding>
	</nonDerivativeTable>
	<derivativeTable>
		<derivativeTransaction>
			<securityTitle>
				<value>2003 Deferred Stock Comp. Units</value>
				<footnoteId id="F3"/>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>0.0000</value>
			</conversionOrExercisePrice>
			<transactionDate>
				<value>2003-07-31</value>
			</transactionDate>
			<deemedExecutionDate>
			</deemedExecutionDate>
			<transactionCoding>
				<transactionFormType>4</transactionFormType>
				<transactionCode>J</transactionCode>
				<equitySwapInvolved>0</equitySwapInvolved>
			</transactionCoding>
			<transactionAmounts>
				<transactionShares>
					<value>1787.165</value>
				</transactionShares>
				<transactionPricePerShare>
					<value>0</value>
				</transactionPricePerShare>
				<transactionAcquiredDisposedCode>
					<value>A</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>1787.165</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>28376.153</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeTransaction>
		<derivativeHolding>
			<securityTitle>
				<value>Common Stock Warrants</value>
				<footnoteId id="F4"/>
				<footnoteId id="F5"/>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>0.5000</value>
			</conversionOrExercisePrice>
			<exerciseDate>
				<value>2003-02-07</value>
			</exerciseDate>
			<expirationDate>
				<value>2008-02-07</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock, $.001333 par value</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>5000.000</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>5000.000</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>I</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value>By B&amp;M Limited</value>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeHolding>
		<derivativeHolding>
			<securityTitle>
				<value>Stock Option</value>
				<footnoteId id="F6"/>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>2.6670</value>
			</conversionOrExercisePrice>
			<exerciseDate>
				<value>1998-11-01</value>
			</exerciseDate>
			<expirationDate>
				<value>2004-10-31</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock, $.001333 par value</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>18371.000</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<postTransactionAmounts>
				<sharesOwnedFollowingTransaction>
					<value>18371.000</value>
				</sharesOwnedFollowingTransaction>
			</postTransactionAmounts>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeHolding>
	</derivativeTable>
	<footnotes>
		<footnote id="F1">Includes 6,773 shares previously owned directly, and 7,649 shares previously owned indirectly through The Beard Group 401(k) Plan.</footnote>
		<footnote id="F2">Represents shares held in The Beard Group 401(k) Plan for the benefit of the reporting person.</footnote>
		<footnote id="F3">These stock units were accrued under The Beard Company 2003 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>
		<footnote id="F4">On February 7, 2003, B &amp; M Limited purchased $50,000 of the Company's 10% Subordinated Notes, together with Warrants to purchase 5,000 share of Beard's Common Stock.  No consideration was paid for the Warrants.  The undersigned has no present income interest in the Warrants.</footnote>
		<footnote id="F5">On February 7, 2003, B &amp; M Limited purchased $50,000 of the Company's 10% Subordinated Notes, together with Warrants to purchase 5,000 shares of Beard's Common stock.  No consideration was paid for the Warrants.</footnote>
		<footnote id="F6">Options granted pursuant to The Beard Company's 1993 Stock Option Plan.</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>By: Rebecca G. Witcher, Attorney in Fact</signatureName>
		<signatureDate>2003-08-01</signatureDate>
	</ownerSignature>
</ownershipDocument>

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