0001050234-04-000097 Sample Contracts

CREDIT AGREEMENT Dated as of April 14, 2004 Between ARENA RESOURCES, INC., a Nevada corporation and MIDFIRST BANK
Credit Agreement • May 18th, 2004 • Arena Resources Inc • Crude petroleum & natural gas • Oklahoma

THIS CREDIT AGREEMENT, dated effective as of April 14, 2004, is made and entered into between ARENA RESOURCES, INC., a Nevada corporation (the "Borrower"), and MIDFIRST BANK (the "Bank").

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PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • May 18th, 2004 • Arena Resources Inc • Crude petroleum & natural gas • Texas

This Purchase and Sale Agreement (this "Agreement"), dated as of April 22, 2004, is by and among ENERQUEST OIL & GAS, LTD., a Texas limited partnership, whose address is 303 W. Wall, Suite 1400, Midland, Texas 79701 ("EnerQuest"); DINGUS INVESTMENTS, INC., a Texas corporation, whose address is P. O. Box 11120, Midland, Texas 79702 ("Dingus"); CRUMP FAMILY PARTNERSHIP, LTD., a Texas limited partnership, whose address is P. O. Box 50820, Midland, Texas 79710 (“Crump”); LONE STAR OIL & GAS, INC., a Texas corporation, whose address is P. O. Box 2735, Midland, Texas 79702 (“Lone Star”); KITE ROYALTY CO., LLC, an Oklahoma limited liability company, whose address is P. O. Box 54926, Oklahoma City, Oklahoma 73154 (“Kite”); WHITE STAR ROYALTY CO., LLC, an Oklahoma limited liability company, whose address is P. O. Box 18693, Oklahoma City, Oklahoma 73154 (“White Star”);JHJ OIL, LLC, a Texas limited liability company, whose address is P. O. Box 251222, Plano, Texas 75025 ("JHJ"); MCH OIL, LLC, a

FIRST AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • May 18th, 2004 • Arena Resources Inc • Crude petroleum & natural gas

THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated effective as of May 7, 2004 (the "First Amendment"), is made and entered into between ARENA RESOURCES, INC., a Nevada corporation (the "Borrow­er") and MIDFIRST BANK (the "Bank").

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