Yuma Energy, Inc. and privately held Davis Petroleum Acquisition Corp. 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, Davis will become a wholly owned subsidiary of Yuma.

'We believe the combination of these two companies is a compelling value transaction for each company's owners and look forward to working with Davis and its Board of Directors to complete the merger,' said Sam L. Banks, Chairman and Chief Executive Officer of Yuma.

Tags: Davis Petroleum, Yuma Energy