PEDEVCO

PEDEVCO Corp. engages in the acquisition, exploration, and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.

Earnings data Q1 2024

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PEDEVCO Corp. is an exploration and production company, which engages in the acquisition and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.

Pedevco Corp. is a micro cap E&P company focused on the DJ Basin and Permian, today announcing solid results from their latest 3 well series in the Permian. The company has a clean balance sheet with no debt and cash equating to nearly one-third of enterprise value. Valuation does not appear excessive on a trailing basis nor on one of our Base Cases, but they are under-followed.

Pedevco Corp.: Speculative, Unhedged, Oily Micro Cap E&P With Upside Potential

HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American: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 for the other two wells.

PEDEVCO Provides Update on New Permian Basin Wells

HOUSTON, TX / ACCESSWIRE / March 18, 2024 / PEDEVCO Corp. (NYSE American: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.

PEDEVCO Announces 2023 Financial Results

HOUSTON, TX / ACCESSWIRE / March 11, 2024 / PEDEVCO Corp. (NYSE American: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.

PEDEVCO to Participate in the 36th Annual ROTH Conference

HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PEDEVCO Corp. (NYSE American: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.

PEDEVCO Announces Approval of D-J Basin Development Plan for Roth 2-11 Wells and Operations Update

Evolution Petroleum

HOUSTON, TX / ACCESSWIRE / September 13, 2023 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution") and PEDEVCO Corp. (NYSE American: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.

Evolution Petroleum and PEDEVCO Enter into Strategic Partnership to Jointly Develop PEDEVCO's Chaveroo Field in the Permian Basin

HOUSTON, TX / ACCESSWIRE / August 14, 2023 / PEDEVCO Corp. (NYSE American: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").

PEDEVCO Announces Q2 2023 Financial Results and Operations Update

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HOUSTON, TX / ACCESSWIRE / June 14, 2023 / PEDEVCO Corp. (NYSE American:PED) (the "Company") today announced that it has significantly expanded its oil and gas leasehold into Southeastern Wyoming through the acquisition of over 4,000 net leasehold acres in the highly prospective Codell play in Southeastern Wyoming's D-J Basin, increasing the Company's D-J Basin footprint to over 17,000 net acres across Northeastern Colorado and Southeastern Wyoming. Over the last year, Southeastern Wyoming has seen a significant increase in oil and gas development and merger and acquisition activity as operators continue to expand their positions in this crude oil and liquids rich play, development of which historically targeted the Niobrara benches, but with recent developments showing much greater success targeting the Codell formation.

PEDEVCO Announces Expansion into Wyoming D-J Basin Codell Play

HOUSTON, TX / ACCESSWIRE / May 15, 2023 / PEDEVCO Corp. (NYSE American: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, 2023 and provided an operations update. Key Highlights Include: Produced an average of approximately 1,428 barrels of oil equivalent per day ("BOEPD") (80.4% oil) in the three months ended March 31, 2023 ("Q1 2023"), with Q1 2023 revenue of $8.2 million increasing 15% over revenue earned during the three months ended March 31, 2022 ("Q1 2022").

PEDEVCO Announces Q1 2023 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / April 24, 2023 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") announced today that the Company is scheduled to host one-on-one meetings at The Inaugural EF Hutton Global Conference, to be held at the Plaza Hotel in New York, New York on May 10-11, 2023. J. Douglas Schick, President of the Company, will be hosting one-on-one meetings with investors at the Conference on Wednesday, May 10th between at 8:30 a.m.

PEDEVCO To Host One-On-One Meetings at the Inaugural EF Hutton Global Conference on May 10, 2023

HOUSTON, TX / ACCESSWIRE / April 12, 2023 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") announced today that the Company is scheduled to participate and present at EnerCom Dallas - The Energy Investment Summit and ESG Conference, to be held in Dallas, Texas on April 18-19, 2023. J. Douglas Schick, President of the Company, will make a presentation on Wednesday, April 19th at 10:05 a.m.

PEDEVCO To Participate and Present at EnerCom Dallas – The Energy Investment and ESG Conference on April 18–19, 2023

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HOUSTON, TX / ACCESSWIRE / March 29, 2023 / PEDEVCO Corp. (NYSE American: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.

PEDEVCO Announces 2022 Financial Results and Operations Update

PEDEVCO is an O&G E&P company with assets in the Permian and the D-J basins. The company is financing horizontal well development with cash flows from vertical wells. The company has a history of losses and value destruction, but most of it comes from legacy business. The company's new owners and managers initiated a different strategy in 2018.

Pedevco Trades For Current Production But Can Grow A Lot More

HOUSTON, TX / ACCESSWIRE / March 6, 2023 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 35th Annual Roth Conference to be held in Laguna Niguel, California on March 12-14, 2023. J. Douglas Schick, President of the Company, will host one-on-one meetings with investors during the Conference.

PEDEVCO To Participate In The 35th Annual Roth Conference

Shares of tightly held oil and gas production company PEDEVCO Corp. are down more than 50% from their March 2022 high as lower oil prices have hurt performance. Although the company has a pristine balance sheet and cash of $30.9 million, it has little economies of scale due to some high costs.

The Prognosis For Pedevco Corp.

Pedevco Corp. (PED) delivered earnings and revenue surprises of -66.67% and 9.98%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Pedevco Corp. (PED) Q3 Earnings and Revenues Miss Estimates

HOUSTON, TX / ACCESSWIRE / November 14, 2022 / PEDEVCO Corp. (NYSE American: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").

PEDEVCO Announces Q3 2022 Financial Results and Operations Update

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Pedevco Corp. (PED) delivered earnings and revenue surprises of 33.33% and 9.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Pedevco Corp. (PED) Tops Q2 Earnings and Revenue Estimates

HOUSTON, TX / ACCESSWIRE / August 15, 2022 / PEDEVCO Corp. (NYSE American: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").

PEDEVCO Announces Q2 2022 Financial Results and Operations Update

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Pedevco Corp. (PED) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Pedevco Corp. (PED) Moves to Buy: Rationale Behind the Upgrade

HOUSTON, TX / ACCESSWIRE / May 16, 2022 / ­­ PEDEVCO Corp. (NYSE American: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, 2022 and provided an operations update. Key Highlights Include: Produced an average of 1,074 barrels of oil equivalent per day ("BOEPD") (80% oil) in the three months ended March 31, 2022 ("Q1 2022"), with Q1 2022 revenue of $7.1 million increasing 101% over revenue earned during the three months ended March 31, 2021 ("Q1 2021").

News for PEDEVCO Stock (PED)