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Balance Sheet Cash Flow Statement 6555 S. Lewis Tulsa, OK 74136 OK Tel. 918-747-6060 Fax 918-747-7620 |
Type: Public
On the web:
http://www.arenaresourcesinc.com
Employees:
71
Employee growth: (17.4%)
Independent energy company Arena Resources battles with the big boys in the arena of oil and gas exploration and production. The company operates in Kansas, New Mexico, Oklahoma, and Texas, and has proved reserves of 55.4 million barrels of oil equivalent. Its assets in Oklahoma and Texas account for the bulk of the company's proved reserves. About 30% of its reserves depend upon secondary recovery techniques to make productive. Arena Resources had an average daily production of 5,565 barrels of oil equivalent in 2007. That year Navajo Refining and DCP Midstream accounted for most of the company's oil and gas sales.
Key numbers for fiscal year ending December, 2008:
Sales: $208.9M
One year growth: 108.7%
Net income: $83.6M
Income growth: 142.8%
Officers:
Chairman: Lloyd T. (Tim) Rochford
President and CEO: Phillip (Phil) Terry
VP, CFO, Secretary, and Treasurer: William Randall (Randy) Broaddrick
Competitors:
Cabot Oil & Gas
Chesapeake Energy
Pioneer Natural Resources
