PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2020, the company held approximately 37,068 net acres in the Permian Basin Asset located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,948 net D-J Basin acres in D-J Basin Asset situated in Weld and Morgan Counties, Colorado. It had interests in 302 net wells in Permian Basin Asset; and 22.0 net wells in D-J Basin Asset. The company was formerly known as Blast Energy Services, Inc. and changed its name to PEDEVCO Corp. in July 2012. PEDEVCO Corp. is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
IPO Year:
Exchange: AMEX
Website: pedevco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/28/2022 | $2.00 | Buy | EF Hutton |
| 1/24/2022 | $1.95 | Buy | Roth Capital |
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8-K - PEDEVCO CORP (0001141197) (Filer)
8-K - PEDEVCO CORP (0001141197) (Filer)
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10-Q/A - PEDEVCO CORP (0001141197) (Filer)
10-Q/A - PEDEVCO CORP (0001141197) (Filer)
10-Q/A - PEDEVCO CORP (0001141197) (Filer)
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8-K - PEDEVCO CORP (0001141197) (Filer)
10-K - PEDEVCO CORP (0001141197) (Filer)
8-K - PEDEVCO CORP (0001141197) (Filer)
HOUSTON, TX / ACCESSWIRE / December 11, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., announced today that its Board of Directors has appointed J. Douglas Schick, the Company's current President since August 2018, as the Company's new Chief Executive Officer and a member of the Board, and is expanding its executive management and development team with the hiring of Mr. Jody Crook as the Company's new Chief Commercial Officer, all effective January 1, 2025. Mr. Schick succeeds Dr. Simon G. Kukes, who will step down as Chief Executive Officer and assume the role o
Experienced energy industry and finance executive to serve as Chairman of IEC's Audit Committee JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / January 25, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that the company's Board of Directors has appointed Michael L. Peterson to the Board. Mr. Peterson will serve as an independent Board member and will also serve as the Chairman of the Audit Committee of the Board of Directors. Mr. Peterson has over 30 years of experience in executive management positions in all aspects of the energy industry and finance industries, having served as
HOUSTON, Dec. 2, 2020 /PRNewswire/ -- American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy, Inc. (NYSE: REI), announced today that they are very concerned with certain actions of the Board of Directors of Ring Energy. As a result of those concerns, SK Energy and American Resources urge all shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming election. The Ring Energy Board of Directors appears to have made a mistake by offering employment to a CEO whose previous performance in similar roles does not instill confidence in his ability to make Ring Energy successful
EF Hutton initiated coverage of PEDEVCO with a rating of Buy and set a new price target of $2.00
Roth Capital initiated coverage of PEDEVCO with a rating of Buy and set a new price target of $1.95
HOUSTON, TX / ACCESSWIRE / December 11, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., announced today that its Board of Directors has appointed J. Douglas Schick, the Company's current President since August 2018, as the Company's new Chief Executive Officer and a member of the Board, and is expanding its executive management and development team with the hiring of Mr. Jody Crook as the Company's new Chief Commercial Officer, all effective January 1, 2025. Mr. Schick succeeds Dr. Simon G. Kukes, who will step down as Chief Executive Officer and assume the role o
HOUSTON, TX / ACCESSWIRE / November 14, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and nine months ended September 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,698 barrels of oil equivalent per day ("BOEPD") (85% liquids) in the three months ended September 30, 2024 ("Q3 2024"), compared to 1,376 BOEPD produced in Q3 2023.Q3 2024 revenue of $9.1 million, increasing $1.7 million from Q3 2023.Operating income of $2.8 million, increasing 2
HOUSTON, TX / ACCESSWIRE / October 1, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO") today announced that it has entered into a five year Participation Agreement ("PA") and Area of Mutual Interest ("AMI") with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience ("Operator"), pursuant to which the companies have agreed to participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest
HOUSTON, TX / ACCESSWIRE / September 11, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company") is pleased to announce the successful closing of a new $250 million reserve based lending facility ("RBL" or "Facility") among Citibank, N.A., as administrative agent, and the lenders (including Citibank, N.A.) from time to time party thereto. The Facility has a maturity of four years and provides for an initial borrowing base of $20.0 million and an aggregate maximum revolving credit amount of $250 million. The Company has not drawn down any borrowings under the Facility at this time.J. Douglas Schick, President of the Company, stated, "We are very pleased to announce the closing of our RBL
HOUSTON, TX / ACCESSWIRE / August 14, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and six months ended June 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 2,010 barrels of oil equivalent per day ("BOEPD") (87% liquids) in the three months ended June 30, 2024 ("Q2 2024"), compared to 1,660 BOEPD produced in Q2 2023.Q2 2024 revenue of $11.8 million, increasing $3.3 million from Q2 2023.Operating income of $2.6 million, increasing 77% from Q2 2
HOUSTON, TX / ACCESSWIRE / May 15, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three months ended March 31, 2024 and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,478 barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 ("Q1 2024"), compared to 1,428 BOEPD produced in Q1 2023.Q1 2024 revenue of $8.12 million, decreasing $48,000 from Q1 2023.Operating income of $0.6 million, decreasing 62% from Q1 2023.Operating e
HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today provided an operational update on its three newly drilled and completed horizontal San Andres wells in its Permian Basin Asset as follows:The Company drilled and completed three horizontal San Andres wells in its core Chaveroo Field in the Permian Basin with its strategic partner Evolution Petroleum Corporation.The wells were drilled in Q4 2023 and completed in January 2024, with first production commencing the last week of January 2024 on one well and early February 2024 fo
HOUSTON, TX / ACCESSWIRE / March 18, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2023.Key Highlights Include:Produced an average of 1,427 barrels of oil equivalent per day ("BOEPD") (74% oil) in 2023, increasing 43% over average daily production in 2022.Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022.Reported revenue of $31 million, increasing 2% over 2022 revenue.Reported operating lo
HOUSTON, TX / ACCESSWIRE / March 11, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 36th Annual ROTH Conference to be held at the Ritz Carlton Laguna Nigel located in Dana Point, California on March 17-19, 2024. J. Douglas Schick, President of the Company, will host one-on-one meetings with investors and participate in a panel discussion called "Development Drilling - How to Develop Acreage Within Only One Section," during the Conference.To submit your ROTH Conference registration request, click here. To schedule a one-on-one meeting with PEDEVCO, please contact your ROTH representative.About PEDEVCOPEDEVCO Corp. (NYSE:PED), is
HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced that it received approval on January 31, 2024 from the Colorado Energy and Carbon Management Commission (ECMC) of the Company's Roth 2-11 Oil and Gas Development Plan (OGDP), which covers 2,560 acres and up to 11 horizontal Niobrara wells in Weld County, Colorado. The Company plans to commence drilling operations in Q2 2024, with initial production anticipated in the second half of 2024.J. Douglas Schick, President of the Company, stated, "We are very pleased to
HOUSTON, TX / ACCESSWIRE / November 14, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and nine months ended September 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,698 barrels of oil equivalent per day ("BOEPD") (85% liquids) in the three months ended September 30, 2024 ("Q3 2024"), compared to 1,376 BOEPD produced in Q3 2023.Q3 2024 revenue of $9.1 million, increasing $1.7 million from Q3 2023.Operating income of $2.8 million, increasing 2
HOUSTON, TX / ACCESSWIRE / August 14, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and six months ended June 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 2,010 barrels of oil equivalent per day ("BOEPD") (87% liquids) in the three months ended June 30, 2024 ("Q2 2024"), compared to 1,660 BOEPD produced in Q2 2023.Q2 2024 revenue of $11.8 million, increasing $3.3 million from Q2 2023.Operating income of $2.6 million, increasing 77% from Q2 2
HOUSTON, TX / ACCESSWIRE / May 15, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three months ended March 31, 2024 and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,478 barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 ("Q1 2024"), compared to 1,428 BOEPD produced in Q1 2023.Q1 2024 revenue of $8.12 million, decreasing $48,000 from Q1 2023.Operating income of $0.6 million, decreasing 62% from Q1 2023.Operating e
HOUSTON, TX / ACCESSWIRE / March 18, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2023.Key Highlights Include:Produced an average of 1,427 barrels of oil equivalent per day ("BOEPD") (74% oil) in 2023, increasing 43% over average daily production in 2022.Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022.Reported revenue of $31 million, increasing 2% over 2022 revenue.Reported operating lo
HOUSTON, TX / ACCESSWIRE / November 9, 2023 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and nine months ended September 30, 2023 and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,376 barrels of oil equivalent per day ("BOEPD") (81.0% liquids) in the three months ended September 30, 2023 ("Q3 2023"), compared to 960 BOEPD produced in Q3 2022.Q3 2023 revenue of $7.33 million, decreasing 2% from Q3 2022.Operating income of $0.9 million, decreasing 16% from Q3
HOUSTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE:EPM) ("Evolution") and PEDEVCO Corp. (NYSE:PED) ("PEDEVCO") today announced entry into a definitive Participation Agreement to jointly develop PEDEVCO's Chaveroo oilfield in the Northwest Shelf ("NWS") of southeastern New Mexico, a conventional oil-bearing San Andres field in the Permian Basin located in Chaves and Roosevelt Counties. The Chaveroo field was originally developed with vertical wells on 40-acre spacing. PEDEVCO has drilled ten horizontal infill wells on ~20-acre spacing which yields most of the field's current production. The agreement covers approximately 16,000 acres with average working inter
HOUSTON, TX / ACCESSWIRE / August 14, 2023 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the six months ended June 30, 2023 and provided an operations update.Key Highlights Include:Produced an average of approximately 2,006 barrels of oil equivalent per day ("BOEPD") (75.5% oil) in the three months ended June 30, 2023 ("Q2 2023"), compared to 1,085 BOEPD produced in the three months ended June 30, 2022 ("Q2 2022").Reported Q2 2023 revenue of $10.9 million, increasing 14% over revenue earned during Q2 2022.Reported operating i
HOUSTON, TX / ACCESSWIRE / March 29, 2023 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2022 and provided an operations update.Key Highlights Include:Produced an average of approximately 1,000 barrels of oil equivalent per day ("BOEPD") (83.5% oil) in 2022, with 2022 revenue of $30 million increasing 89% over 2021 revenue.Reported operating income of $2.6 million and operating expenses (inclusive of general and administrative expenses, depreciation, depletion and amortization expenses and lease ope
HOUSTON, TX / ACCESSWIRE / November 14, 2022 / PEDEVCO Corp. (NYSE:PED)("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and nine months ended September 30, 2022 and provided an operations update.Key Highlights Include:Produced an average of 960 barrels of oil equivalent per day ("BOEPD") (87% oil) in the three months ended September 30, 2022 ("Q3 2022"), with Q3 2022 revenue of $7.47 million increasing 84% over revenue earned during the three months ended September 30, 2021 ("Q3 2021").Reported Q3 2022 operating income of $1.02 million, increasi
HOUSTON, TX / ACCESSWIRE / August 15, 2022 / PEDEVCO Corp. (NYSE:PED)("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and six months ended June 30, 2022 and provided an operations update.Key Highlights Include:Produced an average of 1,085 barrels of oil equivalent per day ("BOEPD") (80% oil) in the three months ended June 30, 2022 ("Q2 2022"), with Q2 2022 revenue of $9.55 million increasing 155% over revenue earned during the three months ended June 30, 2021 ("Q2 2021").Reported Q2 2022 operating income of $3.22 million, increasing nearly 600%
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