Welcome to our dedicated page for PEDEVCO news (Ticker: $PED), a resource for investors and traders seeking the latest updates and insights on PEDEVCO stock.
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PEDEVCO Corp. provided an operational update on its three newly drilled and completed horizontal San Andres wells in the Permian Basin. The wells, drilled in Q4 2023 and completed in January 2024, have shown promising early production results, peaking at 300 to 375 BOEPD per well. The Company is pleased with the performance, experiencing better-than-expected declines and averaging over 750 BOEPD gross for the last 30 days. PEDEVCO is collaborating with Evolution Petroleum to plan the next phase of development for the Chaveroo oilfield in New Mexico.
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End-of-Day
5.36%
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PEDEVCO Corp. (PED) reported financial results for 2023, showing a 43% increase in production, $31 million in revenue, and $17.5 million in adjusted EBITDA. Despite a net income decrease to $0.3 million due to a one-time $4.3 million non-cash loss, the company ended the year with $20.7 million in cash and zero debt. The CEO highlighted operational and financial achievements, focusing on growth prospects in the Permian and D-J Basins.
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4.47%
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PEDEVCO Corp. (PED) to participate in the 36th Annual ROTH Conference. J. Douglas Schick to host one-on-one meetings with investors and join a panel discussion on development drilling.
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PEDEVCO Corp. received approval from the Colorado Energy and Carbon Management Commission for its Roth 2-11 Oil and Gas Development Plan, covering 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. President J. Douglas Schick expressed satisfaction with the approval, highlighting the potential for a high rate of return multi-well drilling unit on the Company's acreage.
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6.73%
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PEDEVCO Corp. (NYSE American: PED) announced its Q3 2023 financial results, including an average production of 1,376 BOEPD, a decrease in revenue and operating income, and an increase in adjusted EBITDA. The company also provided an operations update on its drilling activities and the divestiture of non-core assets.
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-1.16%
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PEDEVCO Corp. announces financial results for Q2 2023. Highlights include: average production of 2,006 BOEPD, revenue of $10.9 million, operating income of $3.5 million, net income of $3.6 million, and adjusted EBITDA of $7.4 million. The company reported cash and cash equivalents of $16.0 million with zero debt. Production growth attributed to new wells in the D-J Basin. Plans to drill and complete additional wells in the D-J Basin and Permian Basin.
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-5.52%
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PEDEVCO Corp. has expanded its oil and gas leasehold into Southeastern Wyoming through the acquisition of over 4,000 net leasehold acres in the Codell play. The expansion increases the Company's D-J Basin footprint to over 17,000 net acres. The Codell play in Southeastern Wyoming offers one of the most exciting oil and gas expansion and development opportunities in the U.S. with nearby recent development exceeding 750 MBOE EURs per well. The Company's renewed focus on its D-J Basin assets offers among the highest rates of return in the industry.
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5.95%
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-1.4%
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PEDEVCO Corp.
NYSE:PED
PED Rankings
PED Stock Data
87.57M
26.15M
70.9%
3.12%
0.14%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
United States of America
HOUSTON
About PED
pedevco corp, d/b/a pacific energy development (nyse mkt: ped), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas assets, in the united states. the company's principal asset, its denver julesburg (d-j) basin asset, is located in weld and morgan counties, colorado. pacific energy development is headquartered in danville, california, with an operations office in houston, texas.