Bok Renewal Promissory Note

Exhibit 10(w)


PROMISSORY NOTE - Fixed or Variable Rate - Commercial


- ------------------------------------------------------------------------------ DEBTOR (S) NAME AND NOTE DATE OF MATURITY DATE PRINCIPAL ADDRESS NUMBER NOTE 04/15/02 AMOUNT
1001 03/15/01 $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 0.50000%
ABOVE Chase Manhattan Prime Rate


INITIAL RATE 9.000% INTEREST PAYABLE MONTHLY
_______________________________________
COLLATERAL CATEGORIES SOCIAL SECURITY NUMBER
73-0970298 - ------------------------------------------------------------------------------ P PURPOSE A T Accrued interest due and payable MONTHLY, Y E beginning 04/30/01 and MONTHLY thereafter, M R with outstanding principal balance and Working Capital E M unpaid accrued interest due and payable N S on 01/15/02. T - ------------------------------------------------------------------------------


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 ...