One-Page Deal Sheet
Yuma Energy Closes M&A Deal with Pyramid Oil Company
Yuma Energy, Inc. Pyramid Oil Company
Announced Date
February 06,2014
Effective Date
September 10,2014
Close Date
September 10,2014
Transaction Type
Corporate
Asset/Basin:
{"Gulf Coast - South Texas","West Coast","Williston Basin"}
TargetZones:
{"Austin Chalk",Tusc
Proved Reserves
Location
Region
West Coast,Gulf Coast - South Texas,Williston Basin
Country
United States
State
California
Play
Production & Reserves Reserves
Transaction Details: Require Private Equity Subscription
Closing Announcement - September 10, 2014
Pyramid Oil Company and Yuma Energy, Inc. have announced that the merger of Pyramid and Yuma was consummated effective as of September 10, 2014 with Yuma becoming a wholly-owned subsidiary of Pyramid and Pyramid's name having changed to "Yuma Energy, Inc."
Both Pyramid and Yuma stockholders approved the transaction at a special meeting of their respective stockholders. The combined company will be led by Sam L. Banks, Chairman and Chief Executive Officer of Yuma.
The Company also announced today its newly constituted board of directors consists of the…
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