Pedevco Corp

PEDEVCO CORP is a U.S.-based oil and gas exploration and production company focused on crude oil, natural gas, and natural gas liquids. Its operations are centered on producing and developing acreage in the DJ Basin, Powder River Basin, and Permian Basin through wholly and majority-owned subsidiaries, joint ventures, and working-interest positions.

22,2 %

−22,6 %

+15,7 %

0.59

0.58

— Pedevco Corp
%
Crude oil65% Production and sale of crude oil from operated and non-operated wells.
Natural gas20% Production and sale of natural gas to pipelines, end-users, and marketers.
Natural gas liquids10% Production and sale of NGLs recovered from oil and gas processing streams.
Lease and acreage development5% Development of oil and gas leases, drilling inventory, and well completions.

PEDEVCO sells hydrocarbons to marketers, gatherers, refiners, pipelines, direct end-users, industrial users, local...

  • Crude oil purchasersprimary

    Marketers, gatherers, and refiners buy crude oil volumes at delivery points for resale or refining.

  • Natural gas pipelines and marketersprimary

    Interstate and intrastate pipelines and gas marketers buy gas volumes for transport, aggregation, and resale.

  • Industrial and utility gas userssecondary

    Industrial users and local distribution companies buy natural gas for direct consumption and utility supply.

  • NGL buyerssecondary

    Refiners, marketers, and direct end-users buy NGLs recovered from production and processing.

PEDEVCO’s business is concentrated in U.S. onshore basins, especially the DJ Basin, Powder River Basin, and Permian...

  • •Operations are concentrated in U.S. onshore oil and gas basins
  • •DJ Basin and Powder River Basin are core development areas
  • •Permian Basin assets add another major U.S. operating footprint
  • •Regional pipelines and processing facilities affect realized pricing
  • •Acreage position determines where the company can control development

PEDEVCO’s strategy is to hold operator or significant working-interest positions so it can control development timing...

01
Control development through operator or major working-interest positionsmedium-term

Operator control helps the company pace drilling, manage capital, and capture basin economics.

02
Expand drilling inventory in the DJ Basin and Powder River Basinlong-term

A larger inventory supports longer-term production visibility and capital deployment options.

03
Use joint development and consolidation to add scalemedium-term

Partnerships and acquisitions can improve operating efficiency and create synergies.

PEDEVCO’s results depend on commodity prices, well performance, and the ability to convert acreage into economic...

high

Commodity price volatility

Revenue is tied to market prices for crude oil, natural gas, and NGLs.

Scope
All production volumes
Materiality
high
high

Merger and integration execution

The company must combine operations, personnel, controls, and reserves to realize expected benefits.

Scope
Combined company operations
Materiality
high
high

Reserve and drilling uncertainty

Upstream value depends on successful well performance and reserve conversion.

Scope
PUDs, developmental wells, acreage inventory
Materiality
high
medium

Infrastructure and basis differentials

Realized prices are affected by gathering, transportation, and downstream costs.

Scope
DJ Basin, Powder River Basin, Permian Basin
Materiality
medium
Revenue recognition timing
Monthly revenue and receivables
Reserve-based depletion and amortization
Operating income and asset carrying values
Oil and gas property impairment
Earnings volatility and balance sheet carrying values
Capitalized development costs
Balance sheet assets and future DD&A

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: 29/04/2026