The company has been around for a long time, just going public now. Sam Banks is an EPG members. - Dan
Yuma Energy Inc. (NYSE MKT: YUMA), which is headquartered in Houston, has appointed a new president and a new executive vice president and COO.
Yuma named Paul McKinney executive vice president and COO and appointed Sam Banks, formerly the chairman and CEO of the company, as president. As the company announced the appointment of McKinney and Banks, it also announced the retirement of the company’s president and COO, Michael Conlon.
Yuma focuses on the exploration for, and development of, conventional and unconventional oil and gas properties, primarily through the use of 3-D seismic surveys in the Gulf Coast and California. The company’s current operations are focused on onshore central Louisiana, where it is targeting the Austin Chalk, Tuscaloosa, Wilcox, Frio, Marg Tex and Hackberry formations. It also has a non-operated position in the Bakken Shale in North Dakota and operated positions in Kern and Santa Barbara counties.
In October 2013, Yuma filed an initial public offering in Australia with plans to raise up to $150 million in the December IPO giving it a market value between $250 million and $300 million.