PEDEVCO Corp (NYSE American: PED) is an oil and gas exploration and production company focused on acquiring and developing oil and natural gas assets in legacy conventional fields where modern drilling and completion techniques have not yet been applied. Revenue comes from the sale of crude oil, natural gas, and natural gas liquids produced from company-operated properties. As of December 31, 2025, PEDEVCO held approximately 99,561 net acres in the Denver-Julesberg Basin (D-J Basin) in Weld and Morgan Counties, Colorado and Laramie County, Wyoming, with additional properties in the Powder River Basin in Wyoming and the San Andres formation of the Permian Basin in West Texas and eastern New Mexico. The company completed mergers in FY2025 that added approximately $23.5 million in net current liabilities and required an $87.0 million drawdown on its revolving credit facility. Net cash provided by operating activities decreased by $2.0 million in FY2025 versus the prior year, partially driven by $7.5 million in merger-related acquisition costs. The current CEO and President is Simon Kukes, effective January 1, 2025. Board chairman is Josh Schmidt, a partner at Juniper Capital.

Revenue model

Transactional revenue from the sale of crude oil, natural gas, and natural gas liquids at wellhead prices benchmarked to NYMEX, net of applicable differentials. The company uses derivative contracts to hedge a portion of production.

Products and services

Crude oil, natural gas, and natural gas liquids (NGLs) produced from operated properties in the D-J Basin, Powder River Basin, and Permian Basin (San Andres formation). The company applies horizontal drilling and modern completion techniques to legacy conventional vertical fields.

Customers and end markets

Commodity end markets for crude oil, natural gas, and NGLs. Revenue is delivered through third-party pipeline and gathering infrastructure. No specific customer concentration data is disclosed in the excerpts.

Value-chain role

Upstream exploration and production operator. The company drills, completes, and operates wells on its acreage, then sells production to market via third-party gathering, processing, and transportation facilities.

Geographic exposure

United States. Operations as of December 31, 2025 span the D-J Basin (Weld and Morgan Counties, Colorado; Laramie County, Wyoming), the Powder River Basin (Wyoming), and the Permian Basin (West Texas and eastern New Mexico).

Source: SEC 10-K, filed 2026-03-31

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