Exhibit 10(s)

PROMISSORY NOTE - Fixed or Variable Rate - Commercial

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DEBTOR (S) NAME AND    NOTE        DATE OF     MATURITY DATE  PRINCIPAL
ADDRESS                NUMBER      NOTE        01/15/02       AMOUNT
                       1001        09/30/00                   $350,000.00

The Beard Company
5600 N. May Ave.
Suite 320
Oklahoma City, OK
73112
                       CUSTOMER        NEW LOAN               OFFICER
                       NUMBER      X RENEWAL OF LOAN(S)       JNH539
                       5664802     NUMBER:   1001
                       FIXED INTEREST RATE OF ______________ % PER ANNUM
                       INTEREST PAYABLE: ______________________
                       X VARIABLE INTEREST RATE  0.500%
                       ABOVE Chase Manhattan Prime Rate

                       INITIAL RATE   10.000%   INTEREST PAYABLE ___________
                       _______________________________________
                       COLLATERAL CATEGORIES    SOCIAL SECURITY NUMBER
                                                73-0970298
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P                                               PURPOSE
A  T Accrued interest due and payable MONTHLY,
Y  E beginning 10/30/00 and MONTHLY thereafter, Revolving Line of
M  R thereafter, with outstanding principal     Credit-Working
E  M balance and unpaid accrued interest due    Capital
N  S and payable on 01/15/02.
T
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FOR VALUE RECEIVED, the undersigned Debtor(s), jointly and
severally if more than one, agree to the terms of this Note and
promise to pay to the order of Lender named below at its place of
business as indicated herein or at such other place as may be
designated in writing by holder, the Principal Amount of this
Note together with interest until maturity at the per annum
interest rate or rates stated above. If the writing above
indicates that the per annum interest rate is to vary with
changes made from time to time in the base or prime rate of
Lender or other financial institution, each change in the rate
will become effective without notice to Debtor on the same day
such base or prime rate is changed, unless a different effective
date is specified above. The base or prime rate set forth above
is determined by the named Financial Institution in its sole
discretion primarily on a basis of its cost of funds, is not
necessarily the lowest or highest rate the named Financial
Institution is charging its customers, and is not necessarily a
published rate. In the event the named Financial Institution
fixing the base or prime rate ceases to exist or ceases to
announce such a rate, lender may specify a new Financial
Institution to fix such rate, in its sole discretion. Interest on
this Note is calculated on the actual number of days elapsed on a
basis of a 360 day year unless otherwise indicated herein. For
purposes of computing interest and determining the date principal
and interest payments are received, all payments made under this
Note will not be deemed to have been made until such payments are
received in collected funds.

PAYMENTS NOT MADE WHEN DUE. Any principal and/or interest amount
not paid when due shall bear interest at a rate six percent (6%)
per annum greater than the per annum interest rate prevailing on
this Note at the time the unpaid amount became due, but in no
event at a rate less than fifteen percent (15%) per annum. In
addition or in the alternative to the interest rate provided for
in this paragraph Lender may assess a charge of ten dollars
($10.00) times the number of days late to cover cost of past due
notices and other expenses. In no event shall the interest rate
and related charges either before or after maturity be greater
than permitted by law.

ALL PARTIES PRINCIPALS. All parties liable for payment hereunder
shall each be regarded as a principal and each party agrees that
any party hereto with approval of holder and without notice to
other parties may from time to time renew this Note or consent to
one or more extensions or deferrals of Maturity Date for any term
or terms, and all parties shall be liable in same manner as on
original note. All parties liable for payment hereunder waive
presentment, notice of dishonor and protest and consent to
partial payments, substitutions or release of collateral and to
addition or release of any party or guarantor.

ADVANCES AND PAYMENTS. It is agreed that the sum of all advances
under this Note may exceed the Principal Amount as shown above,
but the unpaid balance shall never exceed said Principal Amount.
Advances and payments on Note shall be recorded on a schedule
attached hereto or on the records of the Lender. Debtor appoints
the Lender as Debtor's attorney in fact, irrevocably, to record
advances and payments on the attached schedule or in the Lender's
records. Records shall be prima facie evidence of such advances,
payments and unpaid principal balance provided, however, that the
failure to make a notation on the attached schedule or Lender's
records with respect to any advance or payment shall not limit
the obligation of the Debtor hereunder. Subsequent advances and
the procedures described herein shall not be construed or
interpreted as granting a continuing line of credit for Principal
Amount. Lender reserves the right to apply any payment by Debtor,
or for account of Debtor, toward this Note or any other
obligation of Debtor to Lender.

COLLATERAL. This Note and all other obligations of Debtor to
Lender, and all renewals or extensions thereof, are secured by
all collateral securing this Note and by all other security
interests heretofore or hereafter granted to Lender as more
specifically described in Security Agreements and other securing
documentation.

ACCELERATION. At option of holder, the unpaid balance of this
Note and all other obligations of Debtor to holder, whether
direct or indirect, absolute or contingent, now existing or
hereafter arising, shall become immediately due and payable
without notice or demand upon the occurrence or existence of any
of the following events or conditions: (a) Any payment required by
this Note or any other note or obligation of Debtor to holder or
to others is not made when due or the occurrence or existence of
any event which results in acceleration of the maturity of any
obligation of Debtor to holder or to others under any promissory
note, agreement or undertaking; (b) Debtor defaults in
performance of any covenant, obligation, warranty or provision
contained in any loan agreement or in any instrument or document
securing or relating to this Note or any other note or obligation
of Debtor to holder or to others; (c) Any warranty,
representation, financial information or statement made or
furnished to Lender by or in behalf of Debtor proves to have
been false in any material respect when made or furnished; (d)
The making of any levy against or seizure, garnishment or
attachment of any collateral; (e) Any time Lender in good faith
determines prospect of payment of this Note is impaired; (f) When
in the judgment of Lender the collateral, if any, becomes
unsatisfactory or insufficient either in character or value and
upon request, Debtor fails to provide additional collateral as
required by Lender; (g) Loss, theft, substantial damage or
destruction of collateral, if any; (h) Death, dissolution, change
in senior management, or termination of existence of any Debtor;
or (I) Appointment of a receiver over any part of the property of
any Debtor, the assignment of property by any Debtor for the
benefit of creditors, or the commencement of any proceedings
under any bankruptcy or insolvency laws by or against any party
liable, directly or indirectly, hereunder.

WAIVERS. No waiver by holder of any payment or other right under
this Note or any related agreement or documentation shall operate
as a waiver of any other payment or right.

GOVERNING LAW. Any cause of action for a breach or enforcement
of, or a declaratory judgment respecting, this agreement or any
agreement related to the execution and delivery of this agreement
shall be commenced and maintained only in the United States
District Court for the Northern District of Oklahoma or the applicable
Oklahoma state trial court sitting in Tulsa, Oklahoma and having
subject matter jurisdiction; provided, however, any action to
foreclose any deed of trust or real estate mortgage securing
finance or repayment shall be brought in any county having
mandatory venue thereof pursuant to the venue statutes of the
State of Oklahoma.

COLLECTION COSTS. All parties liable for payment hereunder agree
to pay reasonable costs of collection, including an attorney's
fee of a minimum of fifteen percent (15%) of all sums due upon
default.

RIGHT OF OFFSET. Any indebtedness due from holder hereof to
Debtor or any party hereto including, but without limitation, any
deposits or credit balances due from holder, is pledged to secure
payment of this Note and any other obligation to holder of Debtor
or any party hereto, and may at any time while the whole or any
part of such obligation remains unpaid, either before or after
Maturity hereof, be appropriated, held or applied toward the
payment of this Note or any other obligation to holder of Debtor
or any party hereto.

PURPOSE. Debtor affirms that the proceeds of this Note are to be
used for a business or agricultural purpose and not for a
personal, family or household purpose.

ENTIRE AGREEMENT. All parties acknowledge that this Note and
related documents contain the complete and entire agreement
between Debtor and Lender and no variation. modification, changes
or amendments to this Note or related documents shall be binding
unless in writing and signed by all parties. No legal
relationship is created by the execution of this Note and related
documents except that of debtor and creditor or as stated in
writing.

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LENDER NAME AND ADDRESS             DEBTOR(S) SIGNATURE(S)
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                                    The Beard Company
Bank of Oklahoma, N.A.
OKC Main                            HERB MEE, JR.
P.O. Box 268800                     Herb Mee, Jr., President
Oklahoma City, OK 73126-8800
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