Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 27

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 (1)  138,028   182,817   (44,789) (24%)                 Crude Oil (Bbls per day)  1,102   1,533   (431) (28%) Natural Gas (Mcf per day)  1,313   1,600   (287) (18%) NGL (Bbls per day)  196   210   (14) (7%) Total (Boe per day) (1)  1,517   2,010   (493) (25%)                 Average Sale Price:               Crude Oil ($/Bbl) $61,65  $78.52  $(16.87) (21%) Natural Gas ($/Mcf)  2.70   1.99   0.71  36% NGL ($/Bbl)  26.24   29.84   (3.60) (12%)                 Net Operating Revenues (in thousands):               Crude Oil $6,180  $10,952  $(4,772) (44%) Natural Gas  323   290   33  11% NGL  469   569   (100) (18%) Total Revenues $6,972  $11,811  $(4,839) (41%) 

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

Total crude oil, natural gas and NGL revenues for the three-month period ended June 30, 2025, decreased $4.8 million, or 41%, to $7.0 million, compared to $11.8 million for the same period a year ago, due to an unfavorable price variance of $2.3 million, due to the average sales price for crude oil and NGL realized by the Company decreasing compared to the three-month period ended June 30, 2024, coupled with an unfavorable volume variance of $2.5 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 third-party D-J Basin wells and our Permian