Yuma Energy, Inc.

Yuma Energy, Inc.

Sector: Crude Petroleum And Natural Gas Region: TX, United States

: | NYSE American: YUMA

Yuma Energy, Inc. is a U.S.-based oil and gas company focused on the exploration for, and development of, conventional and unconventional oil and gas prospects. Yuma's predecessor was established in 1983. Yuma has employed a 3-D seismic-based strategy to build a multi-year inventory of development and exploration prospects. Yuma's current operations are focused on onshore central Louisiana, where Yuma is targeting the Austin Chalk, Tuscaloosa, Wilcox, Frio, Marg Tex and Hackberry formations. In addition, Yuma has a non-operated position in the Bakken Shale in North Dakota. Yuma's core competencies in generating oil and gas prospects include: unconventional oil plays; onshore liquids-rich projects; and high impact deep onshore prospects located beneath known producing trends, identified through the use of 3-D seismic surveys.

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October 2014 Corporate Presentation

Yuma Energy, Inc.  video

October 2014 Corporate Presentation


Sam Banks, President and Chief Executive Officer

Mr. Banks is Chairman and majority owner of Yuma Energy, Inc. He graduated from Tulane University in New Orleans, Louisiana with a B.A. degree in 1972. In 1976, he served as Republican Assistant Finance Chairman for the Re-election of President Gerald Ford, under former Secretary of State Robert Mosbacher. From the end of 1976 to 1982, Mr. Banks was assistant to the President of Tomlinson Interests, a private, independent oil and gas company. Mr. Banks founded Yuma in 1983, and has been responsible for all aspects of the company’s business growth, including the development of Yuma's business opportunities in exploration, production, pipelines, gas distribution, and gas trading. (Experience: 37 years)
Paul McKinney, Executive Vice President & COO

Mr. McKinney graduated from Louisiana Tech University in 1983 with a B.S. in Petroleum Engineering. He commenced his career with Anadarko Petroleum Corporation and held various positions with Anadarko over a 23 year period, including his last title as Vice President of Reservoir Engineering, Anadarko Canada Corporation. He joined Apache Corporation in 2007, and served as Manager, Corporate Reservoir Engineering, for Apache from 2007 through 2010. From 2010 to 2013, he served as Region Vice President, Gulf Coast Onshore, where he was responsible for the development and all operational aspects of the Gulf Coast region for Apache. Mr. McKinney joined Yuma in 2014. (Experience: 31 years)
Kirk Sprunger, Treasurer & CFO

Mr. Sprunger joined Yuma in 1996 with responsibility for finance, accounting and administration. He earned a BBA in Accounting from the University of Texas at El Paso in 1974 and a MBA in Finance from the University of Minnesota in 1991. Mr. Sprunger began his career with Arthur Andersen & Co. in their management consulting practice during 1974. Since 1980, Mr. Sprunger has held positions with Blocker Energy Corporation (Director of MIS), AN-SON Corporation (Controller), Terry Companies (Chief Financial Officer), St. Paul Oil and Gas Corporation (Vice President, Controller), TGX Corporation (Comptroller) and Horizon Directional Systems (Chief Financial Officer). Mr. Sprunger holds CPA certificates from Texas and Oklahoma. (Experience: 39 years)
Mark Hartman, VP-Exploration
Mr. Hartman is a Texas Tech alumnus, graduating with a B.S.E.E. degree in 1982. He started his career with Shell E&P in Houston. During his initial 14 years at Shell, Mr. Hartman held a variety of positions, including geophysical interpreter, special projects processor, processing manager and seismic crew party chief. In 1996, Mr. Hartman joined Meridian Resources as a Staff Geophysicist, and eventually was promoted to V.P. of Exploration. In 2001, Mr. Hartman rejoined Shell E&P as Senior Staff Geophysicist in Houston, where he managed the South Texas Exploration team. Mr. Hartman has been with Yuma since 2004. (Experience: 31 years)
T J Lafosse, VP-Facilities & Pipelines
Mr. Lafosse has been employed in the natural gas industry since 1966. He worked with Enron Corporation and Excel Resources, Inc. prior to joining Yuma in November, 1996. During his tenure with Florida Gas, a subsidiary of Enron, Mr. Lafosse was in charge of the daily monitoring and operations of approximately 4,600 miles of pipeline and 22 compressor stations, with a throughput of 800,000 Mcf per day, delivering 94 percent of the daily consumption of natural gas for the state of Florida. Mr. Lafosse is a member of the Natural Gas Association of Houston, the Texas Gas Association, and is a former President of the Gas Controllers Association. (Experience: 47 years)
Sheldon Cote, VP-Production
Sheldon Cote has a Petroleum Engineering Technologist Diploma from the Southern Alberta Institute of Technology and an Honorary Bachelor's degree in Petroleum Engineering from the University of Maryland. An expert in artificial lift systems, Mr. Cote has consulted for Pioneer (Eagle Ford Shale), BP (Indonesia, New Mexico, and Wyoming) and Cameron (USA and International). Mr. Cote holds several patents related to down hole production equipment which he licenses to several independent and major oil companies. Mr. Cote joined Yuma in 2013. (Experience: 23 years)
Momin Syed, VP-Planning & Evaluations

Mr. Syed graduated with a B.S. in Petroleum Engineering in 1999 from Texas A&M University, and obtained an M.S. in Finance from the University of Houston in 2008 and an Executive MBA from Rice University in 2011. While pursuing his undergraduate degree, Mr. Syed was an Intern Engineer for Seagull Energy Corporation’s Offshore Reservoir Engineering Group. After obtaining his degree, he worked for a year as a Reservoir Engineer Trainee for Ocean Energy, Inc. on the company’s Asset Management Team. In 2000, Mr. Syed joined Noble Energy, Inc., where he served as a Reservoir Engineer in the Rockies and Mid-Continent business units, the Gulf Coast Business Unit, and the International Group, focusing on South America. He also served for several years as a Planning Consultant for Noble’s Strategic Planning & Environmental Analysis. Mr. Syed joined Yuma in 2009. (Experience: 15 years)
James Jacobs, VP-Corporate & Business Development
After graduating from the University of Texas in 2001 with a B.B.A. and a Master’s Degree in Professional Accounting, James Jacobs began his career at Duke Capital Partners as an analyst in Energy Finance. In 2003, Mr. Jacobs joined Sanders Morris Harris as VP of Energy Investment Banking, where he participated in capital market financings, mergers and acquisitions, and advised on corporate restructurings and private equity transactions for various sized energy companies. In 2006, he joined Houston American Energy as Chief Financial Officer, Treasurer and Secretary, where he was responsible for financial accounting and reporting for U.S. and Colombian operations, in addition to taking responsibility for all capital raising activities of the company. Mr. Jacobs joined Yuma in 2013. (Experience: 13 years)

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