Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2
List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2
Company Overview 10
2.3 Financial Performance 10
2.4 Industry Outlook
-- Production & Exploration 10
3 Arena Resources, Inc. , Natural Gas
Forecasts, 2000-2012 11
3.1 Arena Resources, Inc. , Natural Gas Forecasts,
By Fields 11
3.2 Arena Resources, Inc. , Gross Revenue Forecasts, By
Fields 12
3.3 Arena Resources, Inc. , Total Government Take Forecasts, By
Fields 13
3.4 Arena Resources, Inc. , Contractor Take Forecasts, By
Fields 14
4 Arena Resources, Inc. , Exploration and Production Summary
15
4.1 Arena Resources, Inc. , Active Exploration Blocks, by Country,
2000-2007 15
4.2 Arena Resources, Inc., Crude Oil Production, by Country
16
4.3 Arena Resources, Inc., Natural Gas Production, by Country 17
5
Arena Resources, Inc., Crude Oil and Natural Gas Production By Fields 18
5.1 Arena Resources, Inc., Crude Oil Production 18
5.1.1 Arena Resources,
Inc., Crude Oil Production in New Mexico, By Fields 18
5.2 Arena
Resources, Inc., Natural Gas Production 19
5.2.1 Arena Resources, Inc.,
Natural Gas Production in Kansas, By Fields 19
5.2.2 Arena Resources,
Inc., Natural Gas Production in Louisiana, By Fields 19
5.2.3 Arena
Resources, Inc., Natural Gas Production in New Mexico, By Fields 19
6
Arena Resources, Inc.' s Exploration Blocks And Field Details 20
6.1 Arena
Resources, Inc.' s Exploration Details, High Island 180(G22269) 20
6.2
Arena Resources, Inc.' s Exploration Details, High Island 346(G22272) 21
6.3 Arena Resources, Inc.' s Exploration Details, High Island 513(G23218)
21
6.4 Arena Resources, Inc.' s Exploration Details, West Cameron
564(G24767) 22
6.5 Arena Resources, Inc.' s Exploration Details, South
Marsh Island 192(G24878) 22
6.6 Arena Resources, Inc.' s Exploration
Details, Eugene Island 83(G24888) 23
6.7 Arena Resources, Inc.' s
Exploration Details, Garden Banks 192(G25661) 23
6.8 Arena Resources,
Inc.' s Exploration Details, West Cameron 595(G25926) 24
6.9 Arena
Resources, Inc.' s Exploration Details, East Cameron 358(G27842) 24
6.10
Arena Resources, Inc.' s Exploration Details, Eugene Island 307(G27916) 25
6.11 Arena Resources, Inc.' s Exploration Details, South Pass 55(G27961) 25
6.12 Arena Resources, Inc.' s Exploration Details, Brazos 468(G30635) 26
6.13 Arena Resources, Inc.' s Exploration Details, High Island 572(G30691)
26
6.14 Arena Resources, Inc.' s Exploration Details, Vermilion 144(G32144)
27
6.15 Arena Resources, Inc.' s Exploration Details, Main Pass 141(G32245)
27
6.16 Arena Resources, Inc.' s Field Details, Byerly( Arena Resources,
Inc.) 28
6.17 Arena Resources, Inc.' s Field Details, Cherokee Basin Coal
Area( Arena Resources, Inc.) 28
6.18 Arena Resources, Inc.' s Field
Details, Coffeyville-Cherryvale( Arena Resources, Inc.) 29
6.19 Arena
Resources, Inc.' s Field Details, Fig( Arena Resources, Inc.) 29
6.20 Arena
Resources, Inc.' s Field Details, Hugoton Gas Area( Arena Resources, Inc.)
30
6.21 Arena Resources, Inc.' s Field Details, Mccune West( Arena
Resources, Inc.) 30
6.22 Arena Resources, Inc.' s Field Details, Mound
Valley( Arena Resources, Inc.) 31
6.23 Arena Resources, Inc.' s Field
Details, Oswego( Arena Resources, Inc.) 31
6.24 Arena Resources, Inc.' s
Field Details, Unknown( Arena Resources, Inc.) 32
6.25 Arena Resources,
Inc.' s Field Details, MCKENZIE(ARENA RESOURCES, LLC) 32
6.26 Arena
Resources, Inc.' s Field Details, BENSON-QUEEN-GRAYBURG, NORTH(ARENA RESOURCES,
INC 220420) 33
6.27 Arena Resources, Inc.' s Field Details, EUNICE-SEVEN
RIVERS-QUEEN, SOUTH(ARENA RESOURCES, INC 220420) 33
6.28 Arena Resources,
Inc.' s Field Details, HOBBS-SAN ANDRES, EAST(ARENA RESOURCES, INC 220420)
34
6.29 Arena Resources, Inc.' s Field Details, LANGLIE MATTIX-7
RVRS-Q-GRAYBURG(ARENA RESOURCES, INC 220420) 34
6.30 Arena Resources,
Inc.' s Field Details, LEO-BONE SPRING, SOUTH(ARENA RESOURCES, INC 220420)
35
6.31 Arena Resources, Inc.' s Field Details, LEO-WOLFCAMP, SOUTH(ARENA
RESOURCES, INC 220420) 35
6.32 Arena Resources, Inc.' s Field Details,
KELLY-SMALTZ(Arena Resources, Inc.) 36
6.33 Arena Resources, Inc.' s Field
Details, MORROW(Arena Resources, Inc.) 36
6.34 Arena Resources, Inc.' s
Field Details, MORROW LOW(Arena Resources, Inc.) 37
7 Business Description
38
7.1 Business Overview 38
7.2 Major Products and Services 39
7.2.1 Overview 39
8 History 40
9 Competitors 41
10 Key Employees
42
11 Key Employee Biographies 43
12 Company Statement 45
13
Locations And Subsidiaries 46
13.1 Head Office 46
14 Financial Deals
Landscape 47
14.1 IPO 47
14.1.1 Arena Resources Completes Private
Placement 47
14.1.2 Arena Resources Completes Private Placement 48
14.1.3 Arena Resources Receives $10 Million In Private Equity Investment
49
14.1.4 Arena Resources Files Prospectus For Common Stock Offering
50
15 Recent Developments 52
15.1 Operations Updates 52
15.1.1 Feb
28, 2008: Arena Increases 2007 Proved Reserves By 29% 52
15.1.2 Apr 19,
2007: Arena Declares Q1 2007 Operations Update 52
15.1.3 Mar 29, 2007:
Arena Declares 2006 Year End Production & Reserves 54
15.1.4 Oct 05, 2006:
Arena Provides Q3 2006 Operations Update 55
15.2 Financial Announcements
56
15.2.1 May 08, 2008: Arena Reports Q1 2008 Results 56
15.2.2 Mar
13, 2008: Arena Declares Q4 2007 Results 57
15.2.3 Nov 09, 2007: Arena
Declares Q3 2007 Results 58
15.2.4 Aug 07, 2007: Arena Declares Q2 2007
Results 60
15.2.5 May 07, 2007: Arena Declares Q1 2007 Results 61
15.2.6 Apr 02, 2007: Arena Declares Q4 2006 Results 62
15.2.7 Jan 17,
2007: Arena Declares 2007 CAPEX 63
15.2.8 Nov 06, 2006: Arena Declares Q3
2006 Results 63
15.2.9 Aug 07, 2006: Arena Declares Q2 2006 Results 65
15.2.10 Jul 25, 2006: Arena Increases Its 2006 CAPEX 66
15.3 Other
Significant Developments 66
15.3.1 May 21, 2008: Arena Appoints CEO 66
15.3.2 Jan 12, 2008: Arena Enters Agreement To Produce And Sell Gas To Odessa
Fuels 67
15.3.3 Jun 20, 2007: Arena Signs LoI For Yates Gas Production
67
15.3.4 Feb 01, 2007: Arena Appoints President, COO 67
15.3.5 Aug
31, 2006: Arena To Begin Trading On NYSE 68
16 Appendix 69
16.1 What
is this Report About? 69
16.2 Methodology 69
16.2.1 Coverage 70
16.2.2 Secondary Research 71
16.2.3 Primary Research 71
16.2.4 E&P
Forecasts 71
16.2.5 Midstream Forecasts 74
16.2.6 Expert Panel
Validation 74
16.3 Contact Us 75
16.4 About Global Markets Direct
75
16.5 Disclaimer 75
1.1 List of Tables
Table 1:
Arena Resources, Inc.,Key Facts 10
Table 2: Arena Resources, Inc.
,Natural Gas Production And Forecasts (MMcf) by Fields ,2000-2012 11
Table
3: Arena Resources, Inc. , Gross Revenue ($thousand) by Fields,
2008-2012 12
Table 4: Arena Resources, Inc. , Total Government Take
($thousand) by Fields, 2008-2012 13
Table 5: Arena Resources, Inc. ,
Contractor Take ($thousand) by Fields, 2008-2012 14
Table 6: Arena
Resources, Inc., Number of Exploration Blocks, by Country, 2000-2007 15
Table 7: Arena Resources, Inc., Crude Oil Production (BBls), by Country,
2000-2007 16
Table 8: Arena Resources, Inc., Natural Gas Production
(MMcf), by Country, 2000-2007 17
Table 9: Arena Resources, Inc.,
Crude Oil Production (BBls) By Fields in New Mexico, 2000-2007 18
Table
10: Arena Resources, Inc., Natural Gas Production (MMcf), By Fields in
Kansas, 2000-2007 19
Table 11: Arena Resources, Inc., Natural Gas
Production (MMcf), By Fields in Louisiana, 2000-2007 19
Table 12:
Arena Resources, Inc., Natural Gas Production (MMcf), By Fields in New Mexico,
2000-2007 19
Table 13: Arena Resources, Inc.' s Asset Details,High
Island 180(G22269) , March 2008 20
Table 14: Arena Resources, Inc.' s
Asset Details,High Island 346(G22272) , March 2008 21
Table 15: Arena
Resources, Inc.' s Asset Details,High Island 513(G23218) , March 2008 21
Table 16: Arena Resources, Inc.' s Asset Details,West Cameron 564(G24767)
, March 2008 22
Table 17: Arena Resources, Inc.' s Asset Details,South
Marsh Island 192(G24878) , March 2008 22
Table 18: Arena Resources,
Inc.' s Asset Details,Eugene Island 83(G24888) , March 2008 23
Table 19:
Arena Resources, Inc.' s Asset Details,Garden Banks 192(G25661), March 2008
23
Table 20: Arena Resources, Inc.' s Asset Details,West Cameron
595(G25926) , March 2008 24
Table 21: Arena Resources, Inc.' s Asset
Details,East Cameron 358(G27842) , March 2008 24
Table 22: Arena
Resources, Inc.' s Asset Details,Eugene Island 307(G27916) , March 2008 25
Table 23: Arena Resources, Inc.' s Asset Details,South Pass 55(G27961) ,
March 2008 25
Table 24: Arena Resources, Inc.' s Asset Details,Brazos
468(G30635) , March 2008 26
Table 25: Arena Resources, Inc.' s Asset
Details,High Island 572(G30691) , March 2008 26
Table 26: Arena
Resources, Inc.' s Asset Details,Vermilion 144(G32144) , March 2008 27
Table 27: Arena Resources, Inc.' s Asset Details,Main Pass 141(G32245),
March 2008 27
Table 28: Arena Resources, Inc.' s Asset Details,Byerly(
Arena Resources, Inc.), March 2008 28
Table 29: Arena Resources,
Inc.' s Asset Details,Cherokee Basin Coal Area( Arena Resources, Inc.), March
2008 28
Table 30: Arena Resources, Inc.' s Asset
Details,Coffeyville-Cherryvale( Arena Resources, Inc.), March 2008 29
Table 31: Arena Resources, Inc.' s Asset Details,Fig( Arena Resources,
Inc.), March 2008 29
Table 32: Arena Resources, Inc.' s Asset
Details,Hugoton Gas Area( Arena Resources, Inc.), March 2008 30
Table 33:
Arena Resources, Inc.' s Asset Details,Mccune West( Arena Resources, Inc.),
March 2008 30
Table 34: Arena Resources, Inc.' s Asset Details,Mound
Valley( Arena Resources, Inc.), March 2008 31
Table 35: Arena
Resources, Inc.' s Asset Details,Oswego( Arena Resources, Inc.), March 2008
31
Table 36: Arena Resources, Inc.' s Asset Details,Unknown( Arena
Resources, Inc.), March 2008 32
Table 37: Arena Resources, Inc.' s
Asset Details,MCKENZIE(ARENA RESOURCES, LLC), March 2008 32
Table 38:
Arena Resources, Inc.' s Asset Details,BENSON-QUEEN-GRAYBURG, NORTH(ARENA
RESOURCES, INC 220420), March 2008 33
Table 39: Arena Resources,
Inc.' s Asset Details,EUNICE-SEVEN RIVERS-QUEEN, SOUTH(ARENA RESOURCES, INC
220420), March 2008 33
Table 40: Arena Resources, Inc.' s Asset
Details,HOBBS-SAN ANDRES, EAST(ARENA RESOURCES, INC 220420), March 2008 34
Table 41: Arena Resources, Inc.' s Asset Details,LANGLIE MATTIX-7
RVRS-Q-GRAYBURG(ARENA RESOURCES, INC 220420), March 2008 34
Table 42:
Arena Resources, Inc.' s Asset Details,LEO-BONE SPRING, SOUTH(ARENA RESOURCES,
INC 220420), March 2008 35
Table 43: Arena Resources, Inc.' s Asset
Details,LEO-WOLFCAMP, SOUTH(ARENA RESOURCES, INC 220420), March 2008 35
Table 44: Arena Resources, Inc.' s Asset Details,KELLY-SMALTZ(Arena
Resources, Inc.), March 2008 36
Table 45: Arena Resources, Inc.' s
Asset Details,MORROW(Arena Resources, Inc.), March 2008 36
Table 46:
Arena Resources, Inc.' s Asset Details,MORROW LOW(Arena Resources, Inc.), March
2008 37
Table 47: Arena Resources, Inc., Key Employees, 42
Table
48: Brent Blend NYMEX Future Prices 74
1.2 List of Figures
Figure 1: Arena Resources, Inc. , Natural Gas Forecasts, 2000-2012 11
Figure 2: Arena Resources, Inc. , Gross Revenue ($thousand) by Fields,
2008-2012 12
Figure 3: Arena Resources, Inc. , Total Government Take
($thousand) by Fields, 2008-2012 13
Figure 4: Arena Resources, Inc. ,
Contractor Take ($thousand) by Fields, 2008-2012 14
Figure 5: Arena
Resources, Inc., Number of Exploration Blocks, by Country, 2000-2007 15
Figure 6: Arena Resources, Inc., Crude Oil Production (BBls), by Country,
2000-2007 16
Figure 7: Arena Resources, Inc., Natural Gas Production
(MMcf), by Country, 2000-2007 17
Figure 8: Global Markets Direct
Methodology 70
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