Commodity price volatility
Revenue is tied to market prices for crude oil, natural gas, and NGLs.
- Scope
- All production volumes
- Materiality
- high
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
| % | |
|---|---|
| Crude oil | 65% Production and sale of crude oil from operated and non-operated wells. |
| Natural gas | 20% Production and sale of natural gas to pipelines, end-users, and marketers. |
| Natural gas liquids | 10% Production and sale of NGLs recovered from oil and gas processing streams. |
| Lease and acreage development | 5% 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...
Merger and integration execution
The company must combine operations, personnel, controls, and reserves to realize expected benefits.
- Scope
- Combined company operations
- Materiality
- high
Reserve and drilling uncertainty
Upstream value depends on successful well performance and reserve conversion.
- Scope
- PUDs, developmental wells, acreage inventory
- Materiality
- high
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
: 29.4.2026