People | People-Promotion | People-Retirement | Capital Markets | Private Equity Activity
Yuma Energy Shuffles Management; Names New COO
Yuma Energy, Inc. has reported the appointment of Paul D. McKinney as Executive Vice President and Chief Operating Officer of the Company.
The Company also announced the retirement of Michael F. Conlon as President and Chief Operating Officer. Additionally, Sam L. Banks, Chairman and Chief Executive Officer of the Company, was appointed as President of the Company.
Mr. McKinney comes to Yuma with over 30 years of experience in the oil and gas industry. He has proven experience in the U.S. Gulf Coast after having served as Region Vice President, Gulf Coast Onshore, for Apache Corporation from 2010 through 2013, where he was responsible for the development and all operational aspects of the Gulf Coast region for Apache. Prior to his role as Region Vice President, Mr. McKinney was Manager, Corporate Reservoir Engineering, for Apache from 2007 through 2010. Mr. McKinney 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. Mr. McKinney has a Bachelor of Science degree in Petroleum Engineering from Louisiana Tech University.
When asked about Mr. Conlon's retirement, Sam L. Banks, Yuma Chairman, Chief Executive Officer and President said, "We are very thankful for Mike Conlon's service to the Company and all of the many contributions he has made which have played a huge roll in the success of Yuma. We wish him the very best in his retirement." Mr. Banks also said, "I am pleased to welcome Paul to the Company. He is an accomplished executive with more than 30 years of industry experience. His extensive experience in operations, acquisitions and reservoir engineering in the Gulf Coast region will be a great asset to Yuma."
West Coast News

CRC to Acquire Berry in All-Stock Combination, Building a Larger California-Focused Energy Leader
California Resources Corporation (CRC) and Berry Corporation announced a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million (inclusive of Berry net debt).…

Berry Reaffirms FY25 Guidance; Uinta Wells Drive 2H Growth
Berry Corporation delivered a steady second quarter update that reinforced the company’s core message for 2025: production is on plan, guidance is intact, and the hedge book is…

Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…

California Resources Corporation First Quarter 2023 Results
California Resources Corporation announced first quarter 2023 results. Highlights Named Manuela (Nelly) Molina as the new Executive Vice President and Chief Financial Officer, effective May 8, 2023 (see…

Berry Corporation First Quarter 2023 Results
Berry Corporation announced first quarter 2023 results. Highlights Reported Adjusted EBITDA(1) of $59 million Declared first quarter fixed dividends of $0.12 per share, double the quarterly rate from…