Pyramid Oil Company and Yuma Energy today 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 [...]
Pyramid Oil Company today announced financial results for its second quarter and six-month period ended June 30, 2014. Second quarter 2014 revenue was $1.0 million versus $1.2 million in the same quarter a year ago. Crude oil production for the second quarter of 2014 declined 16% to 9,809 barrels of oil equivalent (BOE) from 11,685 BOE in the [...]
Pyramid Oil Company and privately held Yuma Energy, Inc. today announced that each has set a record date and a meeting date for their special meetings of stockholders to consider and act upon the previously announced Amended and Restated Agreement and Plan of Merger and Reorganization, dated as of August 1, 2014, by and among Pyramid, Pyramid [...]
Pyramid Oil today announced financial results for its first quarter ended March 31, 2014. First quarter revenue was $1.0 million, flat versus revenue in the 2013 first quarter. Crude oil production increased 9% to 10,348 barrels of oil equivalent (BOE) from 9,482 BOE in the first quarter a year ago. The production increase was offset by a decline [...]
Pyramid Oil Company today announced financial results for its fourth quarter and full fiscal year ended December 31, 2013. Fourth quarter 2013 oil and gas revenue was $1.1 million and $1.1 million in the 2012 fourth quarter. Crude oil production increased to 11,089 barrels of oil equivalent (BOE) from 10,702 BOE in the fourth quarter a year ago [...]
Pyramid Oil and privately held Yuma Energy jointly announced today that they have entered into a definitive merger agreement for an all-stock transaction. Upon completion of the transaction, which is subject to the approval of stockholders of both companies, Pyramid will change its name to "Yuma Energy, Inc.," and relocate its headquarters to [...]
Pyramid Oil Company today announced financial results for its third quarter ended September 30. Third quarter revenue was $1.1 million versus $1.2 million in the same quarter last year. The decrease was principally attributable to a 7% decline in crude oil production volumes offset by higher average sales prices. Crude prices increased by $2.32 per [...]
Pyramid Oil today announced it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). When declared effective by the SEC, the registration statement will give Pyramid the flexibility to offer and sell from time to time, up to $30 million of the Company's common stock. Pyramid does not have immediate [...]
Pyramid Oil today announced that Rick Kasch has been appointed to the Company's board of directors, and also has been named chairman of the audit committee. Kasch is president of ENSERVCO Corporation, an unaffiliated, publicly traded energy services company based in Denver. Kasch was previously ENSERVCO's chief financial officer, and joins the [...]
Pyramid Oil today announced that John Alexander has retired as president and CEO, a position he has held since 2004. Mike Herman, chairman and the Company's largest shareholder, has assumed the role as interim president and CEO. Mr. Herman, who has served as chairman since 2005, joins the executive management team with extensive experience in the [...]
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