PEDEVCO Corp.
VDYS
- -
USD
- -
- -
CIK
0001141197
ISIN
US70532Y3036
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Full Time Employees
- 14
- Sector
- Energy
- Industry
- Oil & Gas Energy
- Address
- Houston United States of America 77079
- IPO Date
- May 2, 2003
- CIK
- 0001141197
- Website
- pedevco.com
- Similar Companies
- Business
- PEDEVCO Corp. (NYSE American: PED) is a publicly-traded exploration and production company focused on the acquisition, development, and production of oil and natural gas assets in the United States, applying modern drilling and completion techniques to legacy conventional properties with proven reserves, well-defined geology, and existing infrastructure; principal assets include the Rockies portfolio encompassing the Denver-Julesberg (D-J) Basin in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming, the Powder River Basin in southeastern Wyoming, covering approximately 328,000 net acres, and the San Andres formation in the Northwest Shelf of the Permian Basin in Chaves and Roosevelt Counties, New Mexico, and West Texas, spanning about 14,105 net acres; operations target horizontal drilling programs in these basins to drive low-cost production growth and cash generation while maintaining operator control over the majority of acreage for disciplined capital deployment. Headquartered in Houston, Texas, the company originated from a 2013 merger that refocused its business on U.S. oil and gas shale and conventional plays, following earlier incarnations dating to 2000. Recent developments include a transformative October 31, 2025 merger with Juniper Capital Advisors portfolio companies, adding substantial oil-weighted producing assets and leasehold in the Northern D-J and Powder River Basins, issuing 10,650,000 Series A Convertible Preferred shares convertible into 106,500,000 common shares, refinancing acquired debt, raising $35 million via a simultaneous private placement of 6,363,637 Convertible Preferred shares, expanding the Citibank reserve-based lending facility borrowing base from $20 million to $120 million with an $87 million drawdown, onboarding new executives Chief Operating Officer Reagan Tuck Dukes and Chief Financial Officer Robert J. Long plus 12 staff, and appointing new board directors Martyn Willsher and Kristel Franklin; additional 2025 actions encompass a January 1 leadership transition naming J. Douglas Schick as President and CEO with Simon Kukes as Executive Chairman, divestiture of 17 low-output D-J Basin wells effective January 1 to cut expenses and liabilities while retaining acreage, successful drilling and completion of four horizontal San Andres wells in the Chaveroo Field with production exceeding forecasts starting mid-Q2, a September 2023 participation agreement with Evolution Petroleum for up to nine horizontal wells across 16,000 acres in 12 Chaveroo Development Blocks, an October 2024 five-year joint development pact with a private equity-backed D-J operator on 10,750 net acres in the SW Pony Prospect and 16,900-acre Area of Mutual Interest where PEDEVCO holds 30% interest, and a September 2024 Citibank lending facility launch with $250 million maximum commitment.