Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 58

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 58
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 gain on sale on oil and gas properties from the sale of our operated wells in the D-J Basin (each discussed in more detail below) and an income tax benefit of $0.4 million (see Note 13 – Income Taxes, in the notes to the consolidated financial statements above under “Part I – Financial Information—Item 1. Financial Statements”). 

Net Revenues

The following table sets forth the operating results and production data for the periods indicated:

  Six Months EndedJune 30,   Increase  % Increase   2025  2024  (Decrease)  (Decrease) Sale Volumes:            Crude Oil (Bbls)  202,931   240,375   (37,444) (16%) Natural Gas (Mcf)  286,227   277,514   8,713  3% NGL (Bbls)  41,006   30,640   10,366  34% Total (Boe) (1)  291,642   317,267   (25,625) (8%)                 Crude Oil (Bbls per day)  1,121   1,321   (200) (15%) Natural Gas (Mcf per day)  1,581   1,525   56  4% NGL (Bbls per day)  227   168   59  35% Total (Boe per day) (1)  1,612   1,743   (131) (8%)                 Average Sale Price:               Crude Oil ($/Bbl) $65.32  $76.57  $(11.25) (15%) Natural Gas ($/Mcf)  4.07   2.24   1.83  82% NGL ($/Bbl)  31.43   29.33   2.10  7%                 Net Operating Revenues (in thousands):               Crude Oil $13,254  $18,406  $(5,152) (28%) Natural Gas  1,165   623   542  87