EXHIBIT 10(bb)

                                                     DATE OF AGREEMENT
GUARANTY AGREEMENT                                        06/07/99

   DEBTOR NAME AND ADDRESS                 LENDER NAME AND ADDRESS
   The Beard Company                       Oklahoma Bank and Trust Company
   Enterprise Plaza, Suite 320             P.O. Box 99
   5600 North May Avenue                   Clinton, OK  73601
   Oklahoma City, OK  73112

     A. To induce the Lender to extend credit to the Debtor and for
other good and valuable consideration, the receipt of which is
acknowledged, and for the purpose of enabling the Debtor to
obtain or renew loans, credit or other financial accommodation
from the Lender named above, each of the undersigned as a
primary obligor, jointly and severally and unconditionally:
(1) guarantees to the Lender that Debtor will fully and
promptly pay or otherwise discharge all indebtedness and other
obligations ("indebtedness") upon which Debtor now is or may
later, from time to time, become obligated to Lender as
principal, guarantor, endorser, or in any other capacity, and
whether joint or several liability or liability created by
direct dealing with Lender or through transfer from others,
and regardless of the nature and form of indebtedness and
whether due or not due; (2) agrees, without the Lender first
having to proceed against Debtor or any other party liable or
to liquidate any security, to pay on demand all sums due and
to become due to Lender from Debtor, and all losses, costs,
attorney fees or expenses which may be suffered or incurred by
Lender by reason of Debtor's default or the default of the
undersigned; (3) except as setoff is waived, agrees to be
bound by and on demand to pay any deficiency or difference
between all indebtedness of the Debtor and the proceeds of any
private or public sale (including a sheriff's sale) of the
security held by Lender, with or without notice to the
undersigned; (4) agrees that liability under this Agreement
will not be affected or impaired by any failure, neglect or
omission, including a failure or delay to perfect or maintain
perfection of a security interest, either in relation to the
collection of the indebtedness or the protection of the
security given, and regardless of whether the Lender fails or
omits to seek or is precluded from seeking a judgment against
Debtor; and (5) further agrees that the liability of the
undersigned shall not be affected by any lack of validity or
enforceability due to defense, claim, discharge or otherwise
of any indebtedness guaranteed by this Agreement or of the
security of the indebtedness.

     B. Lender may at any time and from time to time without the
further consent of or notice to the undersigned, without
incurring responsibility to the undersigned and without
impairing or releasing the obligations of the undersigned, and
upon any terms and conditions the Lender may elect: (1) change
the manner, place or terms of payment or extend the time of
payment of any indebtedness of Debtor to Lender; (2) renew,
increase or alter any indebtedness of Debtor to Lender; (3)
raise or lower the interest rate or rates charged Debtor; (4)
sell, exchange, release, surrender, realize upon or otherwise
deal or not deal with in any manner and in any order any
property at any time pledged to secure or securing the
indebtedness of Debtor to Lender or any liabilities incurred
directly or indirectly under this Agreement, or any offsets
against any such indebtedness or liabilities; (5) exercise or
refrain from exercising any rights against Debtor or others,
or otherwise act or refrain from acting; (6) settle or
compromise any indebtedness guaranteed or incurred; (7)
subordinate the payment of all or part of any indebtedness of
Debtor to Lender to the payment of any liabilities which may
be due Lender or others; (8) apply any sums paid by or for
account of Debtor to any indebtedness of Debtor to Lender
regardless of what indebtedness or liability of Debtor to
Lender remains unpaid and regardless of to which indebtedness
such sums were intended to be applied; (9) release any one or
more of the undersigned, any other guarantor or any other
party liable upon or for any indebtedness or other obligation
guaranteed, and such release will not affect the liability
under this Agreement of any of the undersigned or any other
party not so released; (10) add or release the primary or
secondary liability of principals, guarantors or other
parties; and/or (11) obtain additional collateral security.

     C. The undersigned waives: (1) any and all acceptance and
notice of the acceptance of this Guaranty Agreement; (2) notice
of the creation of any indebtedness; (3) any presentment, demand
for payment, notice of default or non-payment, notice of
acceleration, notice of disposition of security, notice of
dishonor or protest to or upon any party, and all other
notices whatsoever whether required or permitted by this
Guaranty Agreement, any other agreement, course of dealing,
usage of trade, course of performance and, to the extent
allowed, the law; (4) any exercise of any remedy which the
Lender now has or later acquires against the Debtor or any
other party; (5) any impairment of collateral, including, but
not limited to, the failure to perfect, or maintain perfection
of, a security interest in collateral; and (6) any event, or
any act or omission of the Lender (except acts or omissions in
bad faith) which materially increases the scope of the
undersigned's risk as guarantor, including the manner of
administration of the loan and changes in the form or manner
in which any party does business or in their financial
condition and any notice of any such change.

     D. This Guaranty Agreement shall be an absolute, unconditional
and continuing guaranty of payment and not of collection and
shall be binding upon the undersigned, heirs or successors of
the undersigned, and the estate or estates of the undersigned:
(1) regardless of the death or cessation of existence of any
of the undersigned or of any guarantor or any other party
liable upon any indebtedness or other obligation guaranteed;
(2) irrespective of any defenses, claim or discharge available
to the Debtor under law or under any agreement with the
Lender; and (3) irrespective of any failure or delay by the
Lender to perfect or keep perfected any lien or security
interest in any collateral. This Guaranty Agreement is an
independent obligation which is separately enforceable from
the obligation of the Debtor.

     E. All rights of the Lender are cumulative and not alternative
to other rights. Suit may be brought against the undersigned or
other parties liable, jointly or severally, and against any
one or more of them, and against all or less than all, without
impairing the rights of the Lender, its successors or assigns,
against others of the undersigned. The Lender may settle with
any one of the undersigned or any other party for such sum or
sums as it may see fit and release such of the undersigned or
other parties from all further liability to the Lender for
such indebtedness without impairing the right of the Lender to
demand and collect the balance of such indebtedness from
others of the undersigned not so released.

     F. The Lender may assign this Agreement or any of its rights
and powers under it, with all or any part of the indebtedness
guaranteed, and may assign to any such assignee any of the
security for the indebtedness. In the event of such
assignment, the assignee shall have the same rights and
remedies as if originally named in this Agreement in place of
Lender, and the Lender shall thereafter be fully discharged
from all responsibility with respect to any such indebtedness
so assigned.

     G. Unless expressly limited by specific writing as set forth
in this Guaranty Agreement, it is understood to be unlimited in
amount. If limited, it is understood the limit means a fixed
amount or percentage of any indebtedness remaining after
application of the actual proceeds of the disposition of any
security to any unguaranteed portion of the indebtedness.

      $600,000.00 plus all accrued interest and collection expenses

     H. Until the indebtedness of the Debtor have been paid in
full, the undersigned agrees to provide to the Lender from time to
time upon demand such financial statements, copies of tax
returns, and other information as to the undersigned as the
Lender may reasonably require.

     I. Any deposits or other sums credited by or due from the
Lender to the undersigned may beset off against any and all
liabilities of the undersigned to the Lender arising under the
terms of this Guaranty Agreement. The rights granted by this
paragraph shall be in addition to the rights of the Lender
under any statutory banker's lien or common law right of
offset.

     J. Until the obligations of the Debtor have been paid in full,
the undersigned specifically waives all rights of subrogation
to the rights of the Lender, any claim to any security or its
value to which the Lender has recourse, and all rights of
reimbursement or contribution from other parties, whether
principals or sureties, accommodation parties or guarantors.

     K. The undersigned may, only by written notice given to
and received by Lender, withdraw only from liability for
additional indebtedness of Debtor accepted by or incurred to
Lender after the time of receipt of such notice by Lender. The
liability and other agreements of the undersigned shall not be
otherwise affected but shall continue until all indebtedness,
including loan commitments, existing at the time of the
receipt of such notice, and renewals or extensions of
indebtedness to which the undersigned consents, is fully paid.
After any such revocation, Lender may exercise any rights
granted in this Agreement without releasing the undersigned
from liability.

     L. Notwithstanding the provisions of any note or other
obligation to which this Guaranty Agreement applies, it is the
intention of the parties, and it is here provided, that a
Guarantor shall not be liable for interest charges in excess
of the maximum amount permitted under the law applicable to
this Guaranty Agreement.

     M. The undersigned specifically waives any right to setoff
under 12 O.S. sec 686, 15 O.S. sec 341, or any like statutes, and
agree that the Lender may apply the actual proceeds from the
disposition of any security first to any unguaranteed portion
of the indebtedness. Any party to this Guaranty Agreement has
right to waive trial by jury and waives all objections to
venue in any action instituted by the Lender arising out of
this Guaranty Agreement.

     N. The undersigned waive, as of the date of this Guaranty
Agreement, any claim, as that term is defined in the Federal
Bankruptcy Code, which the undersigned might have or acquire
against the Debtor arising from the existence or performance
of the undersigned's obligations under this Guaranty
Agreement, and to that extent agrees that the undersigned is
not a creditor of the Debtor. In addition to the waiver of the
status of creditor, it is agreed that the indebtedness
guaranteed under this Guaranty Agreement excludes all portions
of the indebtedness paid by the Debtor during the period of
time within one year prior to the filing of any bankruptcy,
reorganization or insolvency proceedings by or against the
Debtor. If any payment made by the Debtor to the Lender is
determined to be avoidable under applicable state law or the
Federal Bankruptcy Code, to that extent, if demanded by the
Lender, this Guaranty Agreement is deemed to be reinstated to
include the amount within the indebtedness under this Guaranty
Agreement.

     O. The undersigned, by signing below, acknowledge having
read this Guaranty Agreement, having reviewed it to the extent
desired with their legal counsel, and receiving a copy of it
and also receiving an explanation of any questions. The
undersigned also have read any cosigner notice provided by
Lender. The undersigned understand that the undersigned may
have to pay any indebtedness or obligation covered by this
Guaranty Agreement in the event the Debtor fails or refuses to
do so. The undersigned also represent that they are aware of
the financial condition of Debtor and acknowledge a
responsibility to maintain a close watch on that financial
condition as long as this Guaranty Agreement is outstanding
and that they are not relying on the Lender to provide
information on the Debtor's financial condition, now or in the
future.

     P. This Guaranty and the obligations evidenced in it are to
be construed and governed by the laws of the state indicated in
the address of Lender shown above.

     Q. This Agreement supersedes all prior guaranty agreements
and understandings between the undersigned and the Lender and
constitutes the entire Guaranty Agreement between them. There
are no understandings, agreements, representations or
conditions, oral or written, between the undersigned and the
Lender except as set forth in this Agreement and related
written loan documents. This Guaranty Agreement may not be
amended or modified except by a writing signed by the
undersigned and the Lender. No condition as to the
effectiveness or enforcement of this Guaranty Agreement exists
except as stated in this Agreement.

   WITNESS SIGNATURES                     GUARANTOR SIGNATURES

   G. W. LOWRY, JR.                       The Beard Company
   G. W. Lowry, Jr.
                                          HERB MEE, JR.
   TRACI ARCHER                           Herb Mee, Jr., President
   Traci Archer