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.

Stan McCabe, Co-Founder and Director

Mr. McCabe, 87, has been active in the oil and gas industry for over 30 years, primarily seeking individual oil and gas acquisition and development opportunities. In 1979 he founded and served as Chairman and CEO of Stanton Energy, Inc., a Tulsa, Oklahoma natural resource company specializing in contract drilling and operation of oil and gas wells. In 1990, Mr. McCabe co-founded Magnum Petroleum, Inc. with Mr. Rochford, serving as an officer and director. In 2000, Mr. McCabe and Mr. Rochford co-founded Arena Resources, Inc., with Mr. McCabe serving as Chairman of the Board until 2008 and a Director until its sale in 2010.

David A. Fowler, President and Director

Mr. Fowler, 61, has served in several management positions for various companies in the insurance and financial services industries. In 1994, he joined Petroleum Listing Service (PLS) as Vice President of Operations, overseeing oil and gas property listings, divestiture packages, and marketing oil and gas properties to industry players. In late 1998, Mr. Fowler became the Corporate Development Coordinator for the independent Producer Finance (“IPF”) group of Range Resources Corporation. Leaving Range IPF in April of 2001, he co-founded and became President of Simplex Energy Solutions, LLC a Midland based A&D shop representing Permian Basin oil and gas independent operators. Simplex became known as the Permian Basin’s premier oil and gas divestiture firm, closing over 150 projects valued at approximately $675 million.

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.

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.

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.

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.