An unknown buyer agreed to acquire all the Properties in Kern County, California from Yuma Energy, Inc. for $4.7 million on May 21, 2018. The majority of the proceeds will be used to repayment of borrowings under Yuma Energy credit facility. The transaction is expected to close by August 31, 2018. As on November 14, 2018, the transaction is expected to close in fourth quarter 2018 on re-negotiated terms. An unknown buyer cancelled the acquisition of all the Properties in Kern County, California from Yuma Energy, Inc. on May 21, 2019.