| Arena Resources, Inc. engages primarily in the acquisition, exploration, and development of oil and gas properties, as well as in the production and sale of oil and gas. The company owns interests in oil and gas properties located in Oklahoma, Texas, Kansas and New Mexico. As of December 31, 2004, the company had estimated proved reserves of approximately 21.2 million barrels of oil equivalent, as well as owned 217 net oil wells and 2 net gas wells. It had interests in 12 leases with net revenue interests ranging from 24.5% to 81.32%. The company sells its oil and natural gas production to end users, marketers, and other purchasers. Arena Resources was incorporated in 2000 and is based in Tulsa, Oklahoma. |
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