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Arena Resources Announces Senior Management Appointments Tulsa, Oklahoma — November 6, 2007 — Arena Resources, Inc. (NYSE-ARD)(“Arena”)(“Company”) announced today the appointment of the following individuals to senior management positions: David D. Ricks, VP Operations – Mr. Ricks is a professional petroleum engineer with over 25 years of industry experience. Mr. Ricks began his career in 1982 as a production engineer in Southeast New Mexico for Gulf Oil Co. Since then he has served in various engineering capacities for Chevron USA, Amerada Hess Corp., Citation Oil and Gas Corp., Newfield Exploration Mid-Continent, Inc., Apache Corp., and Latigo Petroleum, Inc. His duties ranged from maintaining production, designing workovers and recompletions and facility installation, to field supervision of both primary and secondary production, including waterfloods and CO2 floods, primarily in Oklahoma, North and West Texas and Southeast New Mexico. Thomas W. Wahl, VP Land Dept. – Mr. Wahl has 31 years of diversified petroleum land management experience with particular emphasis in the Mid-continent, Gulf Coast, Permian Basin and Rocky Mountain areas. Prior to joining Arena, Mr. Wahl served as a land manager for both Natomas, N.A., Inc. and Polaris Energy Development Company. His responsibilities ranged from the preparation of a prospect for drilling, including lease acquisition, farmout negotiation and regulatory compliance, to corporate mergers. Mr. Wahl also served nine years as Vice President, Oil and Gas Administrator, Trust Oil and Gas Services for the Bank of Oklahoma. During his tenure, the department experienced three-fold growth in all areas to become one of the largest mineral management organizations in the country. Mr. Wahl is a Certified Professional Landman and is currently a member of the Tulsa Association of Professional Landmen and the American Association of Professional Landmen. Patric R. McConn, VP Geology / Exploration – Mr. McConn has over 25 years of industry experience as a geologist. Prior to joining Arena, Mr. McConn served as a geologist for Petromark Resources, Polaris Energy Development Company, MBR Resources, Inc., and Summit Exploration, LLC. His duties ranged from prospect generation and well site geology to the evaluation of oil & gas acquisition opportunities, as well as the evaluation of exploitation opportunities within existing company assets. W. Craig Gaines, Manager Reservoir Engineering / Acquisitions – Mr. Gaines has over 34 years of industry experience as a petroleum and reservoir engineer. Prior to joining Arena, Mr. Gaines served as a reservoir engineer for Texaco, Inc., Chaparral Energy and Mid-Con Energy. His duties included detailed evaluations of old field reservoirs, the evaluation and design of waterfloods and CO2 floods, reservoir characterization, complex geological development and reserve analysis. He also served as a petroleum engineer for GYM Resources and High Plains Production Company, where he was responsible for the generation and development of oil and gas prospects, waterflood design and analysis and redevelopment of mature fields. R. Darren Seglem, Project Manager / Yates Development – Mr. Seglem has over 19 years of industry experience. Prior to joining Arena, Mr. Seglem was Vice President Drilling and Production for Royalty Exploration, Inc. / Regal Gas Corporation where he supervised all aspects of the company’s drilling and production activities. The company was exclusively involved in the exploitation of the Yates Gas reservoir in Andrews County, Texas. Mr. Seglem was also a co-founder and largest interest owner in the Embar Field, Yates Gas Project, Andrews County, Texas, where his duties included lease operations, acreage acquisitions, drilling and well completions.
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| 12.12.07 Arena Resources, Inc. Adds an Estimated Eight Million Barrels of Oil Equivalent of Proved Reserves in West Texas |
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| ............................................ 11.09.07 Arena Resources, Inc. Announces Record Production for Third Quarter 2006 |
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| ............................................ 11.07.07 Arena Resources Announces $6.5 Million of Permian Basin Acquisitions |
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| ............................................ 11.06.07 Arena Resources Announces Senior Management Appointments |
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| ............................................ 06.25.07 Arena Resources, Inc. Announces Completion of $100,450,000 Registered Direct Common Stock Offering |
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| ............................................ 06.20.07 Arena Resources Announces Letter of Intent for Yates Gas Production |
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| ............................................ 06.15.07 Arena Resources, Inc. Announces Registered Direct Common Stock Offering of Up to 2,050,000 Shares |
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| ............................................ 05.10.07 Arena Resources, Inc. Announces Purchase of Second Drilling Rig |
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| ............................................ 05.07.07 Arena Resources, Inc. Announces Financial and Operational Results for First Quarter 2007 |
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| ............................................ 04.19.07 Arena Resources, Inc. Announces First Quarter 2007 Operations Update |
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| ............................................ 03.01.07 Arena Resources, Inc. Announces 2006 Year End Production and Reserves |
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| ............................................ 02.01.07 Arena Resources, Inc. Announces Senior Management Appointment |
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| ............................................ 01.17.07 Arena Resources Announces 2007 Capital Expenditure Budget of $94.6 Million |
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| ............................................ 01.16.07 Arena Resources, Inc. Resources Record Fourth Quarter and Annual Production for 2006 |
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