Board of Directors

Paul D. McKinney, Chief Executive Officer and Chairman of the Board

Mr. McKinney, 61, is an industry veteran with a proven track record of building oil and gas organizations by developing and implementing successful growth strategies coupled with farsighted decision-making. Mr. McKinney began his career in 1983 with Anadarko Petroleum Corporation (“Anadarko’). Over a 23 year period with Anadarko, Mr. McKinney held various positions including his last title as Vice President of Reservoir Engineering, Anadarko Canada Corporation. He also spent 6 years with Apache Corporation (“Apache”), serving as a Manager, Corporate Reservoir Engineering and Region Vice President, Gulf Coast Onshore, where he was responsible for the development and all operational aspects of the Gulf coast region for Apache. Leaving Apache, Mr. McKinney became the President and Chief Operating Officer for Yuma Energy, Inc. from early 2014 through January 2019, where he restructured the Company’s organization, provided new vision, leadership and managerial discipline to insure the company’s survival in a down market. Mr. McKinney’s most recent role was President, CEO and Director of SandRidge Energy where he developed a new strategy for the Company, revised the Company’s budget, and realigned the Company’s organization to execute the strategy. He accepted the post in January 2019 and continued their 11 months before resigning in December 2019.

Anthony B. Petrelli, Director

Mr. Petrelli is President and Chairman of the Board of Directors at NTB Financial Corporation and is currently the Director of Investment Banking. Mr. Petrelli received his BS in Business (Finance) and his Master of Business Administration (MBA) from the University of Colorado and a Masters of Arts in Counseling from Denver Seminary. Mr. Petrelli began his career in 1972 and since that time has managed the Corporate Finance departments for Bosworth, Sullivan & Co., Hanifen, Imhoff, Inc. and his current position at NTB Financial Corporation. Mr. Petrelli has served on numerous regulatory and industry committees including service on the FINRA Corporate Finance Committee, the NASD Small Firm Advisory Board, the FINRA Fixed Income Committee, the FINRA District Surveillance Committee, District 3 and as the Chairman of the FINRA District Business Conduct Committee, District 3, FINRA Statutory Disqualification Board and as a FINRA Arbitrator and as a member of the Task Force on Future of Shared State and Federal Securities Regulation, North American Securities Administrators Association, Inc. (NASAA) among others. Mr. Petrelli has also served as the Chairman of the Regional Investment Bankers Association. Mr. Petrelli has been involved in many aspects of the securities industry. He has had extensive experience in his 40 years in the areas of operations, sales, training, management of sales underwriting and corporate finance.

Clayton E. Woodrum, Director

Mr. Woodrum is a founding partner of Woodrum, Tate & Associates, PLLC. His financial background encompasses over 40 years. His areas of expertise include business valuation; litigation support including financial analysis, damage reports; depositions and testimony; estate planning; financing techniques for businesses; asset protection vehicles; sale and liquidation of businesses; debt restructuring; debt discharge; and CFO functions for private and public companies. Mr. Woodrum is also an owner of First Capital Management, LLC, a Registered Investment Advisor that provides investment services to high net worth individuals, retirement plans, and charitable foundations. He is an owner of Computer Data Litigation Services, LLC, which aids in litigation matters related to the analysis of electronically stored data, the installation of computer network systems, and recovery of lost data. Prior to founding Woodrum, Tate, and Associates, he was a partner of Peat, Marwick, Mitchell & Co., a Big Eight multinational certified public accounting firm with an emphasis on auditing, consulting and tax compliance. He was the partner in charge of the Tulsa Tax Department and responsible for the Financial Institution Tax Practice. Clayton served as the chief financial officer of BancOklahoma Corp. and Bank of Oklahoma, N.A. He was responsible for corporate finance, accounting, internal audit, investor relations, community relations, human resources, SEC filings and all tax-related matters.

Regina Roesener, Director

Ms. Roesener currently serves as the Chief Operating Officer, Director of Corporate Finance and a Member of the Board of Directors of NTB Financial Corporation (“NTB”). During her 30-year tenure at NTB, Ms. Roesener has been involved in the capital raising efforts for numerous public and private companies, many of which were in the energy sector, collectively raising more than $300 million. In her position at NTB, Ms. Roesener was responsible for the management of an internal market broker for a large, SEC registered public company, where she facilitated more than $500 million in transactions over 15 years. She has served as a Board Member of the National Investment Bankers Association and as a member of Women in Syndicate Association and has served as a Board member for the Denver chapter of the March of Dimes. Ms. Roesener received her Bachelor of Science degree in Education from the University of Colorado in 1982.

Thomas L Mitchell, Director

Thomas L. Mitchell is a strategic finance leader with a record of driving growth in energy business models as the CFO of both large and small companies in the Oil and Gas Industry. He has had a career of strong Fortune 500 experience with exploration and production companies, and broad energy exposure with offshore drilling and midstream gathering and marketing companies. In his last position as EVP and Chief Financial Officer of Devon Energy Corporation, Mr. Mitchell lead the finance and business development organizations, and also helped the company successfully strengthen its asset quality through strategic acquisitions. Previously, Mr. Mitchell served as EVP and Chief Financial Officer and a member of the board of directors of Midstates Petroleum Company, a private equity-funded exploration and production company. While there, Mr. Mitchell led the initial public offering listing of the company on the New York Stock Exchange in April 2012. From November 2006 to September 2011, Mr. Mitchell was the Senior Vice President, Chief Financial Officer of Noble Corporation, a publicly held offshore drilling contractor for the oil and gas industry. Following his formal education, Mr. Mitchell began his career in public accounting with Arthur Andersen & Co. where he practiced as a CPA (currently inactive), then, in 1989 entered the oil and gas industry at Apache Corporation where he spent eighteen years in various finance and commercial roles the last being Vice President and Controller.

Mr. Mitchell currently serves on the boards of Sundance Energy, Inc., a public exploration and production company, and EPIC Midstream Holdings GP, LLC, a private midstream crude and NGL infrastructure company. He also serves on the board of Hines Global REIT, Inc., a public real estate investment trust which is in its final liquidation phase after a successful ten-year investment life. He previously served on the board of directors of EnLink Midstream Partners, LP and EnLink Midstream, LLC. Mr. Mitchell graduated from Bob Jones University with a B.S. in Accounting.

John A. Crum, Director

Mr. Crum has been involved with worldwide oil and gas development for more than 40 years. He is the managing partner of JAC Energy Partners, LLC, which was formed to provide advice to companies and individual investors in oil and gas exploration and development. Mr. Crum began his career with Conoco in 1975. He has held positions of responsibility for several independent exploration and production companies including vice president of engineering and operations of Aquila Energy Corporation, district and regional manager for Pacific Enterprises Oil Company and district engineer roles for Southland Royalty Company. From 1995 to 2011, Mr. Crum served in a variety of executive roles for Apache Corporation, including co-chief operating officer and president, North America, president Apache Canada Ltd., managing director Apache North Sea (UK), managing director Apache Energy LTD. (Australia), and executive vice president for Eurasia and worldwide new ventures. From 2011 to 2014, Mr. Crum served as chairman, president and chief executive officer of Midstates Petroleum Company, Inc., where he led the public offering completed in April 2012 and the subsequent expansion of the company with acquisitions totaling $1.3 billion. He directed a very active development program, increasing production to over 33,000 barrels of oil equivalent per day (“Boepd”) in 18 months. Mr. Crum holds a Bachelor of Science degree in petroleum engineering from the New Mexico Institute of Mining and Technology.

Richard E. Harris, Director

Mr. Harris holds a Bachelor of Science degree in Mathematics, magna cum laude (1974), and an MBA (1981), both from John Carroll University in University Heights, Ohio. He started his career by entering the Management Development program at The National City Bank of Cleveland in 1974 and remained there until 1979 in a variety of roles including managing a profit center. From 1981 until 1995, Mr. Harris worked for BP America, Inc. (BPA)/SOHIO and held a variety of IT, finance and treasury positions, including a two-year assignment working for BP Oil Europe in Brussels, Belgium. His last assignment before leaving BPA in 1995 was as Manager, Business Finance for BP America’s downstream oil business. In 1995 Mr. Harris joined Compaq Computer Corporation (“Compaq”) and until 1999 was responsible for implementing and leading capital markets, treasury financial planning and merger & acquisition business support. From 1999 until 2002, Mr. Harris was the Assistant Treasurer, Global Treasury at Compaq with responsibility for seven Treasury Departments around the world. In 2003 Mr. Harris joined Cummins Inc. (“Cummins”) and remained with Cummins until he retired in 2015. From 2008 until 2015, Mr. Harris was Vice President, Chief Investment Officer with responsibility for overseeing the sourcing, evaluation and execution of the company’s acquisitions, investments, joint ventures and divestments on a global basis. Mr. Harris served as the Secretary of the Finance Committee of the Board of Directors his entire 13-year career with Cummins. Key responsibilities included financial planning, cash management, pension management, as well as foreign exchange and debt hedging activities.