Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 42

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 54,148   3,865   7%Total (Boe) (1)  426,907   473,363   (46,546) (10%)                  Crude Oil (Bbls per day)  1,098   1,274   (176) (14%) Natural Gas (Mcf per day)  1,519   1,534   (15)   (1%)NGL (Bbls per day)  213   198   15   8%Total (Boe per day) (1)  1,564   1,728   (164)   (9%)                 Average Sale Price:                Crude Oil ($/Bbl) $64.81  $76.34  $(11.53) (15%) Natural Gas ($/Mcf)  3.72   1.90   1.82   96%NGL ($/Bbl)  29.25   28.11   1.14   4%                 Net Operating Revenues (in thousands):                Crude Oil $19,430  $26,656  $(7,226) (27%) Natural Gas  1,542   799   743   93%NGL  1,697   1,522   175   11%Total Revenues $22,669  $28,977  $(6,308) (22%) 

(1)Assumes 6 Mcf of natural gas equivalents to one barrel of oil.

Total crude oil, natural gas and NGL revenues for the nine-month period ended September 30, 2025, decreased $6.3 million, or 22%, to $22.7 million, compared to $29.0 million for the same period a year ago due to an unfavorable price variance of $3.2 million, due to the average sales price for crude oil realized by the Company decreasing compared to the nine-month period ended September 30, 2024, coupled with an unfavorable volume variance of $3.1 million. Production volume decreased mainly due to the sale of 17 operated wells in the D-J Basin in April 2025, and natural declines from both our