Arena Resources Announces Appointment of Clayton Woodrum as Director
Tulsa, Oklahoma — August 14, 2003 — Arena Resources, Inc. (AMEX: ARD) ("Arena") announced effective August 12, 2003, the appointment of Mr. Clayton Woodrum as a member of the Board of Directors. Since 1984, Mr. Woodrum has been a partner of Woodrum, Kemendo & Cuite, P.C., an accounting firm which provides a broad range of tax and consulting services. From 1965 to 1975, Mr. Woodrum was employed at Peat, Marwick, Mitchell & Company, serving as partner in charge of the tax department for the final two years. From 1975 to 1980 he served as CFO for BancOklahoma Corporation and Bank of Oklahoma. From 1980 to 1984, Mr. Woodrum returned to the Tulsa, Oklahoma office of Peat, Marwick, Mitchell & Company and served as partner in charge of the tax department. Mr Woodrum is a Certified Public Accountant (CPA).

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