BNET Industries

Market Cap:$1.5B
Last Fiscal Year Sales:$208.8M
  • Public
  • US
Dow Jones Description

Arena Resources, Inc. (NYSE: ARD) is an Oklahoma-based oil and gas exploration, development and production company with current operations in Texas, Oklahoma, Kansas and New Mexico. Founded in 2000, the experienced management team has aggressively sought to acquire select properties in their "back yard" which provides immediate positive cash flow and development opportunities for future years. To date, the company has made acquisitions representing an estimated 43.1 million BOE's (barrel of oil equivalents) and an estimated $847.7 million* in PV-10 (future net revenues discounted 10%).

President and CEO
Phillip W. Terry
Number of Employees 71
Contact Information

4920 S Lewis St Ste 107

Tulsa, Oklahoma 74105

arenaresourcesi...

(918) 747-6060

NAICS Code Support Activities for Oil and Gas Operations: 213112

Recent Events

  • Capital One Southcoast Downgrades Arena Resources ARD to Neutral

    11/06/09 - Bond / Stock Rating - View Story

  • Global Hunter Securities Upgrades Arena Resources ARD to Buy After Exceptional Q3 Results

    11/06/09 - Bond / Stock Rating - View Story

  • Arena Resources Announces Third Quarter and Nine Month 2009 Financial and Operating Results

    11/08/09 - Financial Announcement - View Story

  • Traders Cheer CK Cooper's Upgrade on Arena Resources ARD

    11/02/09 - Bond / Stock Rating - View Story

  • US SMALL/MIDCAPS-Weak earnings hit financials

    10/23/09 - Bond / Stock Rating - View Story

  • Global Hunter Securities Downgrades Arena Resources ARD to Neutral; Valuation Call

    10/20/09 - Bond / Stock Rating - View Story

  • Morgan Keegan Upgrades Arena Resources ARD to Outperform

    10/09/09 - Bond / Stock Rating - View Story

  • Morgan Keegan Initiates Coverage on Arena Resources ARD with a Market Perform

    9/15/09 - Bond / Stock Rating - View Story

News & Analysis

arena resources inc. and call transcript - All News and Analysis

Decision Makers

Name (plus bio) Position
Phillip W. Terry President and CEO
David D. Ricks Vice President and Chief Financial Officer
William R. Broaddrick Vice President and Cfo
William Randy CFO & Vice President
Bill Parsons Vice President, Investor Relations
Patric R. McConn Vice President, Geology & Exploration
Thomas W. Wahl Vice President, Land Dept
Stan McCabe Co-Founder
Stanley McCabe Director, Co-Founder
R. Darren Seglem Project Manager, Yates Dev
W. Craig Gaines Manager, Reservoir Engineering & Acq
W. Craig Gaines Manager, Reservoir Engineering & Acq
William Randall

Board of Directors

Name (plus bio) Position
Clayton E Woodrum Chairman
Lloyd T. Rochford Co-Founder & Chairman
Anthony B. Petrelli Board of Directors
Benedict Petrelli Anthony Board of Directors
Carl H. Fiddner Board of Directors
Chris V. Kemendo Board of Directors
Eugene Woodrum Clayton Board of Directors
Robert J. Morley Board of Directors

Organization Position Status
Arena Resources, Inc. President and CEO Current
Arena Resources, Inc. Board of Directors Current
Arena Resources, Inc. President and Coo Former
Oklahoma State University Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
Arena Resources, Inc. Vice President and Chief Financial Officer Current
Gulf Oil Corporation Production Engineer Former

Organization Position Status
A-R-E-N-A.Com Chief Accountant Current
Arena Resources, Inc. Vice President and Cfo Current
Amoco Corporation Former

Organization Position Status
Arena Resources, Inc. CFO & Vice President Current

Organization Position Status
Arena Resources, Inc. Vice President, Investor Relations Current

Mr. McConn has over 25 years of industry experience as a geologist. Prior to joining Arena, Mr. McConn served as a geologist for Petromark Resources, Polaris Energy Development Company, MBR Resources, Inc., and Summit Exploration, LLC. His duties ranged from prospect generation and well site geology to the evaluation of oil & gas acquisition opportunities, as well as the evaluation of exploitation opportunities within existing company assets.

Organization Position Status
Arena Resources, Inc. Vice President, Geology & Exploration Current

Mr. Wahl has 31 years of diversified petroleum land management experience with particular emphasis in the Mid-continent, Gulf Coast, Permian Basin and Rocky Mountain areas. Prior to joining Arena, Mr. Wahl served as a land manager for both Natomas, N.A., Inc. and Polaris Energy Development Company. His responsibilities ranged from the preparation of a prospect for drilling, including lease acquisition, farmout negotiation and regulatory compliance, to corporate mergers. Mr. Wahl also served nine years as Vice President, Oil and Gas Administrator, Trust Oil and Gas Services for the Bank of Oklahoma. During his tenure, the department experienced three-fold growth in all areas to become one of the largest mineral management organizations in the country. Mr. Wahl is a Certified Professional Landman and is currently a member of the Tulsa Association of Professional Landmen and the American Association of Professional Landmen.

Organization Position Status
Arena Resources, Inc. Vice President, Land Dept Current

Organization Position Status
Arena Resources, Inc. Co-Founder Current
Arena Resources, Inc. Board of Directors Current

Over the past 28 years, Mr. McCabe has overseen the drilling and completion of over 200 oil and gas wells, and has been instrumental in raising over $60 million in drilling funds. From 1980 to 1985, Mr. McCabe directed the drilling and operation of over 150 wells in Oklahoma with a completion rate in excess of 80%. In 1982, Stanton Energy, Inc., a company formed by Mr. McCabe, was ranked 24th out of over 2,500 operators in Oklahoma according to the Oklahoma Corporation Commission drilling and completion activity records. In 1989, Mr. McCabe became a co-founder of Magnum Petroleum, Inc., assisting the company in evaluating projects and aligning the company with strategic industry partners in Oklahoma. Mr. McCabe became a board member after the acquisition of Hunter Resources, Inc. assisting in a smooth management transition. Mr. McCabe resigned in 1996 to pursue other interests.

Organization Position Status
Arena Resources, Inc. Director, Co-Founder Current
Arena Resources, Inc. Chairman of the Board Current
Arena Resources, Inc. Board of Directors Current
Arena Resources, Inc. Administrator Former

Mr. Seglem has over 19 years of industry experience. Prior to joining Arena, Mr. Seglem was Vice President Drilling and Production for Royalty Exploration, Inc. / Regal Gas Corporation where he supervised all aspects of the company’s drilling and production activities. The company was exclusively involved in the exploitation of the Yates Gas reservoir in Andrews County, Texas. Mr. Seglem was also a co-founder and largest interest owner in the Embar Field, Yates Gas Project, Andrews County, Texas, where his duties included lease operations, acreage acquisitions, drilling and well completions.

Organization Position Status
Arena Resources, Inc. Project Manager, Yates Dev Current

Mr. Gaines has over 34 years of industry experience as a petroleum and reservoir engineer. Prior to joining Arena, Mr. Gaines served as a reservoir engineer for Texaco, Inc., Chaparral Energy and Mid-Con Energy. His duties included detailed evaluations of old field reservoirs, the evaluation and design of waterfloods and CO2 floods, reservoir characterization, complex geological development and reserve analysis. He also served as a petroleum engineer for GYM Resources and High Plains Production Company, where he was responsible for the generation and development of oil and gas prospects, waterflood design and analysis and redevelopment of mature fields.

Organization Position Status
Arena Resources, Inc. Manager, Reservoir Engineering & Acq Current
Energy Limited Engineer Former
Chaparral Energy, Inc. Engineer Former

Organization Position Status
Arena Resources, Inc. Manager, Reservoir Engineering & Acq Current

Organization Position Status
Arena Resources, Inc. Current
DCP Midstream, LLC Former
Amoco Corporation Former

After graduating from Kansas State University, Pittsburg, Kansas, with a BSBA in Accounting, Clayton began his professional career with Peat, Marwick, Mitchell & Co. (now KPMG) in the firm's Tulsa, Oklahoma, office, where he was employed from 1965 to 1975 in the tax department. During his tenure at Peat Marwick, Clayton became a partner and was Partner-in-Charge of the Tulsa Tax Department from 1973 through 1975. In 1975, Clayton joined BancOklahoma Corporation and Bank of Oklahoma as Chief Financial Officer where he served in that capacity until 1980. In 1980, Clayton returned to Peat Marwick Mitchell & Co. as Partner-in-Charge of the Tulsa Tax Department and the firm's Financial Institutions Tax Practice. In 1984, he became senior partner in the Tulsa, Oklahoma, based accounting firm of Clayton, Kemendo, Tate & Cuite, PLLC. In addition to his Certified Public Accountant's license, Clayton is a Certified Valuation Analyst and Investment Advisor Representative. He has served on numerous boards and trust authorities including the Tulsa Industrial Authority, University Center at Tulsa Foundation and the Hillcrest Medical Center Foundation.

Organization Position Status
Chatsworth Data Corporation Chief Financial Officer Current
Arena Resources, Inc. Chairman Current
Peat Marwick International Partner and Partner Former
Peat, Marwick, Mitchell & Co. Partner Former
Firstcapital::::Management Corporation Owner Former
Arena Resources, Inc. Director Former
Kansas State University Bsba In Accounting Former

Mr. Rochford has been active in the oil and gas industry since 1973. During that time, he has been an operator of wells in the mid-continent of the United States, evaluated leasehold drilling and production projects and arranged and raised over $50 million in private and public financing for oil and gas projects. Mr. Rochford has successfully formed, developed and sold/merged 3 natural resource companies, the most recent being Magnum Petroleum, Inc. ("Magnum"). Mr. Rochford was instrumental in the formation of Magnum in 1989, and the $10 million of public and private financing which followed. He orchestrated Magnum's acquisition of Hunter Resources, Inc. in 1995, becoming Magnum Hunter Resources, Inc. (NYSE: MHR), and remained with the company as its chairman until resigning in 1997 to pursue other interests.

Organization Position Status
Arena Resources, Inc. Co-Founder & Chairman Current
Arena Resources, Inc. CEO Former

Organization Position Status
Arena Resources, Inc. Board of Directors Current
XELR8 Holdings, Inc. Board of Directors Current

Organization Position Status
Arena Resources, Inc. Board of Directors Current

Organization Position Status
Arena Resources, Inc. Board of Directors Current

Organization Position Status
Arena Resources, Inc. Board of Directors Current
LaBarge, Inc. Cfo Former
LaBarge, Inc. Executive Vice President Former
Arthur Young, Inc. Manager Former
The University of Oklahoma Former

Organization Position Status
Arena Resources, Inc. Board of Directors Current

National Marketing Director for Adaptive Communications Systems, Inc. From 1987 to 1990, Mr. Morley served as a wholesaler for Huntington Energy Corporation. In 1993, Mr. Morley organized Petro Consultants, Inc. and since then has served on the board of directors of a number of public and private companies among which are Arena Resources, Inc., Essential Solutions, Inc., and Green EnviroTek, Inc. Mr. Morley is a graduate of California State University, Chico, and he became a registered principal in 1973 with North Pacific Securities, Inc.

Organization Position Status
Arena Resources, Inc. Board of Directors Current
Greenenvirotek, Inc Board of Directors Current
Integrated Dental Solutions Inc Director Current
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     ARD $40.87 -0.34 (-0.83% )
Average Volume 623,712
Shares Outstanding 38.42M
Market Cap 1.6B
Year High 44.4
Year Low 18.59
Earnings Per Share 1.18
P/E Ratio 34.64
Dividend N/A
Yield N/A
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