Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 778

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 778
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4 and 2023 (in thousands):   2024  2023 Oil sales $36,193  $27,925 Natural gas sales  1,216   1,438 Natural gas liquids sales  2,144   1,421 Total revenue from customers $39,553  $30,784  There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of December 31, 2024 or 2023, respectively. 

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NOTE 7 – OIL AND GAS PROPERTIES The following tables summarize the Company’s oil and gas activities by classification for the years ended December 31, 2024 and 2023, respectively (in thousands):    Balance at December 31,           Balance at December 31,   2023  Additions  Disposals  Transfers  2024   as Restated             Oil and gas properties, subject to amortization $185,403  $19,607  $(1,438) $6,467  $210,039 Oil and gas properties, not subject to amortization  12,407   2,502   -   (6,467)  8,442 Asset retirement costs  853   3,501   (28)  -   4,326 Accumulated depreciation, depletion and impairment  (104,384)  (14,911)  -   -   (119,295)Total oil and gas assets $94,279  $10,699  $(1,466) $-  $103,512                    Balance at December 31,      Balance at December 31,   2022  Additions  Disposals  Transfers  2023    as Restated           as Restated Oil and gas properties, subject to amortization $176,253  $15,645  $(6,495) $-  $185,403 Oil and gas properties, not subject to amortization  775   11,632   -   -   12,407 Asset retirement costs  1,407   39   (593)