Arena Resources Commences Production on Oklahoma Well.

Business Editors

TULSA, Okla.--(BUSINESS WIRE)--Jan. 7, 2002

Arena Resources Inc. (OTCBB: ARRI) ("Arena") Monday announced that it has successfully completed and commenced production on the Casey No. 1, which was drilled to an approximate depth of 2,100 feet, in Muskogee County, Okla.

The initial production rate is 400,000 cubic feet per day. Arena owns a 94 percent working interest in the Casey No. 1.

Arena management also announced it has completed additional leasing activities in the immediate area resulting in approximately 400 acres available for further development opportunities.

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

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.