Arena Announces Direct Common Stock Offering

Arena Resources, Inc. has entered into definitive agreements with selected institutional investors to sell up to 2,050,000 shares of its common stock through a registered direct offering for $49.00 per share. Dahlman Rose & Company, LLC acted as lead, book running placement agent for the offering with SunTrust Robinson Humphrey, Capital One Southcoast, Inc., C.K. Cooper & Company and Pritchard Capital Partners, LLC acting as co-placement agents.

The shares are being offered pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission. The shares of common stock may only be offered by means of a prospectus. The closing of the offering is expected to take place on June 20, 2007, subject to satisfaction of customary closing conditions.

Copies of the final prospectus supplement relating to this offering may be obtained from Dahlman Rose & Company, LLC, 142 West 57th Street, 18th Floor, New York, New York 10019, 212-920-2940.

Arena Resources, Inc. is an oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas, and New Mexico.

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