Arena Resources Completes Stock Offering

Arena Resources has completed the sale of 2,501,250 shares of its common stock, including 326,250 shares covering the over-allotment option exercised by the underwriters, resulting in net proceeds of approximately $116,100,000, after estimated offering expenses. Dahlman Rose & Company, LLC acted as book running manager for the offering with Tudor, Pickering, Holt & Co. Securities Inc. and Capital One Southcoast, Inc. acting as co-managers.