Yuma Energy (YUMA) Files for Chapter 11 Protection
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Yuma Energy, Inc. Files for Chapter 11 Protection
April 15, 2020 8:34 PM EDTHOUSTON, April 15, 2020 /PRNewswire/ --Â Yuma Energy, Inc. (NYSE American:Â YUMA) ("Yuma", "Company", "we" or "our"), together with its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the "Debtors"), announced today that they have filed voluntary Chapter 11 petitions for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (the "Bankruptcy Court"). Â During the first quarter of 2020, Yuma's cash position deteriorated, and its cash flow from operations is no longer sufficient to cover its... More
