Arena Resources , Inc. Announces Public Offering of 2,175,000 Shares of Common Stock
Tulsa, Oklahoma — May 28, 2008 — Arena Resources, Inc. (NYSE-ARD)(“Arena”)(“Company”) today announced that it has commenced a public offering of 2,175,000 shares of common stock. On May 28, 2008, the closing price of the Company’s common shares on the New York Stock Exchange was $51.92 per share. The common shares are being offered pursuant to the Company’s effective shelf registration statement. Dahlman Rose & Company, LLC is acting as the bookrunning manager for the offering, and Tudor, Pickering, Holt & Co. Securities Inc. and Capital One Southcoast, Inc. are acting as co-managers for the offering. The Company expects to close the sale of the common shares on June 3, 2008, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to 326,250 additional shares to cover over-allotments.

The net proceeds of the offering are expected to be used to repay existing debt and for capital expenditures, which will include drilling and development of our properties and possible acquisitions of additional properties.

The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement relating to the offering shares of common stock may be obtained from Dahlman Rose & Company, LLC, 142 West 57th Street, 18th Floor, New York, New York 10019, (212) 920-2940.

  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:
Bill Parsons
Vice President Investor Relations
480-947-1589 • bparsons@arenaresourcesinc.com 		 
 
  11.06.08
 Arena Resources Announces
Record Third Quarter and
Nine Month 2008 Financial
and Operating Results 		 
  ............................................
10.29.08
Arena Resources Announces Reduction in 2008 Capital Expenditure Budget
  
  ............................................
10.28.08
Arena Resources Schedules Conference Call on its 2008
3rd Quarter Financial and
Operating Results 		 
  ............................................
10.22.08
Arena Resources, Inc. Announces Record Production in 2008
Third Quarter		  
 

............................................
10.06.08
Arena Resources, Inc. Selected
as the Fastest Growing
Company of 2008 by
Fortune Magazine

  
  ............................................
09.02.08
Arena Resources, Inc.
Announces Opening of
Midland, Texas Office 		 
  ............................................
08.07.08
Arena Resources, Inc. Announces Record Second Quarter and
Six Month 2008 Financial and Operating Results 		 
  ............................................
07.16.08
Arena Resources, Inc.
Announces 2008 Second
Quarter Operations Update 		 
  ............................................
06.23.08
Arena Resources Announces
2008 Capital Expenditure
Increase to $248 Million 		 
  ............................................
06.05.08
Arena Resources, Inc.
Announces New Mexico
Acquisition		  
  ............................................
06.03.08
Arena Resources, Inc.
Announces Completion of Public Common Stock Offering
of 2,501,250 Shares 		 
 

............................................
05.29.08
Arena Resources, Inc.
Announces Pricing of Public
Common Stock Offering

  
  ............................................
05.28.08
Arena Resources, Inc.
Announces Public Offering
of 2,175,000 Shares
of Common Stock 		 
  ............................................
05.21.08
Arena Resources, Inc.
Appoints Phil Terry
Chief Executive Officer		  
  ............................................
05.08.08
Arena Resources Announces
Record Financial Results
for First Quarter 2008 		 
  ............................................
05.01.08
Arena Resources Schedules Conference Call on its 2008 First Quarter Financial and
Operating Results 		 
  ............................................
04.07.08
Arena Resources Announces
2008 First Quarter
Record Production 		 
 

............................................
03.13.08
Arena Resources Announces
Financial and Operational
Results for Fourth Quarter
and Year End 2007

  
  ............................................
02.28.08
Arena Resources, Inc.
Announces 2007 Year End
Reserve and Production 		 
  ............................................
01.31.08
Arena Resources, Inc. Announces Record 2007 Fourth Quarter,
Annual Production and
Initial Capital Expenditure
Budget for 2008 		 
  ............................................
01.07.08
Arena Resources Announces Definitive Agreement for
Yates Gas Production 		 
   
       
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