Arena Resources, Inc. Selected as the Fastest Growing Company of 2008 by Fortune Magazine
Tulsa, Oklahoma — October 6, 2008 — Arena Resources, Inc. (NYSE-ARD)(“Arena”)(“Company”) announced today that it has been selected as the fastest growing company of 2008 by FORTUNE Magazine (“FORTUNE”) in their September 29, 2008 issue. This is the second year in a row that Arena has made FORTUNE’s annual list, having been selected third in 2007.

To be eligible for inclusion in FORTUNE’s “100 Fastest Growing Companies” list a company must be incorporated in the United States, have a minimum market capitalization of $250 million on June 30, 2008 and have a stock price of at least $5. It must have been trading continuously since June 30, 2005, have revenue and net income for the four quarters ended on or before June 30, 2008, of at least $50 million and $10 million, respectively, and have posted a compound annual growth rate in revenue and earnings per share of at least 25% annually over the three years ended on or before June 30, 2008.

Mr. Tim Rochford, Chairman of the Board of Arena stated, “We are very proud to be selected as FORTUNE Magazine’s fastest growing company for 2008. This is our second year in a row to be honored by inclusion to this esteemed group of companies.”

Mr. Phil Terry, CEO of Arena commented, “This designation is a tribute to the hard work our talented and dedicated employees continue to demonstrate day in and day out, not only in the development of our core assets in west Texas and southeast New Mexico, but also in the location and evaluation of additional acquisition opportunities for future growth.” 

  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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