Arena Resources, Inc. Announces Registered Direct Common Stock Offering of Up to 2,050,000 Shares.

TULSA, Okla. -- Arena Resources, Inc. (NYSE:ARD) today announced that it 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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 are more fully described in the prospectus supplement relating to the offering under the headings "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors", and in additional documents the Company has filed with the Securities and Exchange Commission.