Yuma Energy Inc. (YUMAQ)
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Yuma Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Anthony C. Schnur CEO | OTC PINK Exchange | 98872F204 CUSIP |
| US Country | 22 Employees | - Last Dividend | 3 Jul 2019 Last Split | - IPO Date |
Overview
Yuma Energy, Inc. was a Houston, Texas-based energy company engaged in the acquisition, development, and exploration of conventional and unconventional oil and natural gas resources within the United States. With an operational focus spread across central and southern Louisiana, southeastern Texas, and Kern County in California, the company aimed to leverage its expertise in oil and natural gas extraction across various onshore properties. Despite concerted efforts to explore and develop oil and natural gas resources, Yuma Energy, Inc. faced financial difficulties, leading to a Chapter 11 bankruptcy filing on April 15, 2020. This reorganization effort was later converted to Chapter 7 liquidation on October 19, 2020, marking the cessation of its operations and the liquidation of its assets.
Products and Services
The core offerings of Yuma Energy, Inc. revolved around the energy sector, particularly focusing on oil and natural gas. Below are detailed descriptions of these products and services:
- Oil and Natural Gas Exploration - Yuma Energy was primarily involved in exploring for oil and natural gas resources. This involved geological surveys, drilling exploratory wells, and using advanced technologies to identify potential oil and natural gas deposits.
- Development of Oil and Natural Gas Properties - Beyond exploration, the company developed discovered resources to prepare them for extraction. This included constructing wells, installing pipelines, and setting up necessary infrastructure to support production and distribution.
- Acquisition of Oil and Gas Resources - Recognizing the value in existing discoveries, Yuma Energy also engaged in the acquisition of oil and natural gas properties. This strategy aimed to expand its portfolio through purchasing assets with proven reserves or promising exploration potential.
