This board is for fundamental and tecnical discussion about Arena Resources, Inc., ARD.
Arena Resources, Inc. (Arena) is engaged in oil and natural gas acquisition, exploration, development and production, with activities in Oklahoma, Texas, New Mexico and Kansas. The Company has a portfolio of oil and natural gas reserves, with approximately 84% of its proved reserves consisting of oil and approximately 16% consisting of natural gas. Approximately 28% of Arena's proved reserves are classified as proved developed producing (PDP), approximately 5% of its proved reserves are classified as proved developed non-producing (PDNP), approximately 5% are classified as proved developed behind pipe (PDBP) and approximately 62% are classified as proved undeveloped (PUD). During the year ended December 31, 2006, sales to Navajo Refining Company represented 82% of oil and gas revenues of the Company. In 2006, the Company's produced a total of 900,614 barrels of oil and 989,991 thousand cubic feet of natural gas.
4920 South Lewis Street
Tulsa, OK 74105