Arena Resources, Inc. (“Arena” or the “Company”) is an American oil and gas exploration, development, and production company.

According to the Complaint, Plaintiff brings this action on behalf of the public stockholders of Arena against Arena and its Board of Directors seeking equitable relief for their violations of Rule 14a-9(a) promulgated under the Securities Exchange Act of 1934, breaches of fiduciary duty and other violations of state law arising out of their attempt to sell the Company to SandRidge Energy, Inc. and Steel Subsidiary Corporation (collectively “SandRidge”) by means of an unfair process, for an unfair price of 4.7771 shares of SandRidge common stock and $2.50 in cash for each share of Arena common stock, and without adequate disclosure (the “Proposed Transaction”). Based on the closing price of SandRidge common stock the day prior to the announcement of the Proposed Transaction, the Proposed Transaction is valued at approximately $1.6 billion.

On October 4, 2010, the Plaintiff filed a Notice Of Dismissal pursuant to Rule 41(a)(1) of the Federal Rules of Civil Procedure, voluntarily dismissing with prejudice his claims against all Defendants.