Arena Resources, Inc. Announces Acquisition of 17,500 Acres in Kansas
Tulsa, Oklahoma — March 24, 2005 — Arena Resources, Inc. (AMEX: ARD, ARD.WS) ("Arena") ("Company") announced today that it has entered into a definitive agreement to acquire approximately 15,000 acres in Hamilton and Greeley Counties in western Kansas. Subject to standard due-diligence, closing is scheduled on or before April 15, 2005. The Syracuse Prospect, located in Hamilton County, has approximately 13,000 acres. The Rocky Prospect, located in Greeley County, has approximately 2,000 acres. Both prospects are in close proximity to the Company's existing producing leases, are undeveloped and were acquired for future oil and gas exploration and development.

In a separate transaction, the Company announced it has acquired over 2,500 acres in Gray and Haskell Counties, Kansas, contiguous to their Auntie Em Prospect which currently has three producing gas wells with two additional development wells scheduled to be drilled before year end.

Arena's management is currently evaluating plans for development of these properties within the parameters of the Company's capital budget for 2005.

  About Arena Resources, Inc.
Arena Resources, Inc. is an oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas and New Mexico. 		 

This release contains forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involve a wide variety of risks and uncertainties, including, without limitations, statements with respect to the Company's strategy and prospects. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company's ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.
  For further information contact:
K M Financial, Inc.
Bill Parsons 480-947-1589
k-m-financial@msn.com 		 
 
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