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. TerryNumber of Employees 71
Peer Companies
NAICS Code Support Activities for Oil and Gas Operations: 213112
Recent Events
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Capital One Southcoast Downgrades Arena Resources ARD to Neutral
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Global Hunter Securities Upgrades Arena Resources ARD to Buy After Exceptional Q3 Results
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Arena Resources Announces Third Quarter and Nine Month 2009 Financial and Operating Results
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Traders Cheer CK Cooper's Upgrade on Arena Resources ARD
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US SMALL/MIDCAPS-Weak earnings hit financials
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Global Hunter Securities Downgrades Arena Resources ARD to Neutral; Valuation Call
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Morgan Keegan Upgrades Arena Resources ARD to Outperform
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Morgan Keegan Initiates Coverage on Arena Resources ARD with a Market Perform
News & Analysis
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arena resources inc. - All News and Analysis
Arena Resources Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Neal Dingmann – Wunderlich Securities. Neal Dingmann - Wunderlich Securities Just one related question as far as down time, Phil, you addressed that pretty well. Wondering now with obviously the pipeline lighter in the year, if you could...
Arena Resources Inc. Q2 2009 Earnings Call Transcript
Arena Resources Inc. ARD Q2 2009 Earnings Call August 7, 2009 11:30 am ET
Arena Resources Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question is from the line of Neal Dingmann – Wunderlich Securities. Neal Dingmann – Wunderlich Securities Just want to tell you guys solid quarter, just a question with a follow-up. Obviously your costs continue to be one of...
Arena Resources Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from the line of Neal Dingmann with Dahlman Rose. Please proceed with your question. Neal Dingmann - Dahlman Rose Good morning, guys. Excellent quarter. Tim Rochford Thank you, Neal. Neal Dingmann - Dahlman Rose Say, Phil or Tim, could you just,...
Weekly Insider Buying/Selling Wrap and Economic Reports Preview
For all the analysts and pundits in the financial media, there is still no better judge of a company's health and future prospects than the owners and executives of those companies themselves, along with major institutional shareholders. That's why insider buying and selling is a critical piece of data...
On Visa and Commodities: An Addendum
Frank J. Maura submits: Visa V has a great model and in the long run will be a great stock. Visa, once the economy rises and we have a sound financial sector, will continue to go up to eventually surpass MasterCard MA. But recent events show that Visa, like...
Arena Resources Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. We will now be conducting a question and answer session. In the interest of time you will be limited to one question. Operator Instructions And remember that in the interest of time you will be limited to one question. Our first question comes from...
Arena Resources, Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Our first question is coming from David Heikkinen - Tudor, Pickering, Holt & Co. David Heikkinen - Tudor, Pickering, Holt & Co. One question, it’s going to have to be a good one. The Yates gas potential and as you think about moving that forward,...
- 1
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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