PEDEVCO Corp

PEDEVCO Corp(PED)のニュースとイベント

$15.140

-0.070 (-0.46%)終値時点

PED のニュース

PED のイベント

9/16 09:30

Pedevco Acquires 5,678 Acres in Wyoming for $5.9M

Pedevco announced that it was the high bidder on multiple tracts in the Bureau of Land Management competitive lease sale held September 9-10, acquiring approximately 5,678 net acres in Wyoming for approximately $5.9M, or $1,045 per net acre in the highly prospective Mowry formation in the Powder River Basin. The acquisition was funded through cash on hand. The acquisition expands Pedevco's presence in a highly prospective area of the Powder River Basin targeting the emerging Mowry play in this area, and builds on the company's existing Mowry acreage, nearly doubling its position to approximately 12,000 net acres in this specific prospect area. Ten-year lease terms and a 12.5% royalty rate provide a long-term development window and allow the company to retain 87.5% Net Revenue Interest. The acreage targets the organic-rich, silica-rich Middle Mowry formation, which extends from nearby producing areas into Pedevco's acreage. Nearby horizontal Mowry wells averaged approximately 1,400 Boe/d during their peak month of production, demonstrating the formation's development potential in this area.

8/25 17:30

Selling Stockholders Plan to Sell 11.04M Shares of Common Stock

This filing relates to the offer and sale from time to time by the selling stockholders of up to 11.04M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

3/19 08:20

PEDEVCO Sees Q4 Adjusted EBITDA Up 196% to $14.5M-$15.5M

Sees Q4 adjusted EBITDA up 196% to $14.5M-$15.5M from $5.1M in 4Q24. Q4 average daily production grew ~140% to 5-5.5 Mboe/d. CEO J. Douglas Schick stated, "2025 was a transformational year for PEDEVCO as we executed our development program and closed the Juniper merger in Q4, significantly expanding our Rockies footprint, production base and earnings power. Our Q4 results began to reflect the new scale of the business, with revenue more than doubling to approximately $23M and Adjusted EBITDA nearly tripling to approximately $15M. Importantly, these results reflect only a partial quarter of contribution from the acquired assets following the October 31 closing, demonstrating the significant earnings capacity of the combined platform going forward. Alongside the merger, our 2025 development program materially expanded our production base, adding approximately 1,800 barrels per day of incremental production - a 123% increase compared to our standalone production prior to the Juniper transaction. With many of these wells coming online late in Q4 and into early 2026, Pedevco is entering the year with meaningfully higher production levels and a deep inventory of development opportunities...With higher production levels and the realization of meaningful post-merger operational synergies, we expect the company's earnings power to increase substantially in 2026."

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