Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 148

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 148
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ated             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)  -   853 Accumulated depreciation, depletion and impairment (As Restated)  (97,037)  (8,830)  1,483   -   (104,384 )Total oil and gas assets (as Restated) $81,398  $18,486  $(5,605) $-  $94,279  For the year ended December 31, 2024, the Company incurred $20.5 million of capital costs primarily related to non-operated drilling and completion costs related to the Company’s participation in 24 new non-operated wells in the D-J Basin in which the Company participated and the Company’s completion operations with respect to three operated wells with a third-party in the Permian Basin, together with costs related to certain workovers for lift conversions, cleanouts and permitting in the Company’s D-J Basin Asset. As of December 31, 2024, the Company also