Arena Resources Company Description
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.
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The Company Description provides a historical perspective of Arena Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Arena Resources's evolution in the marketplace.
