Company: PED
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013092
Chunk: 80

Company: PEDEVCO CORP
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 (in thousands):   Three Months EndedSeptember 30,  Nine Months EndedSeptember 30,   2025  2024  2025  2024 Oil sales $6,176  $8,250  $19,430  $26,656 Natural gas sales  377   176   1,542   799 Natural gas liquids sales  408   624   1,697   1,522 Total oil and gas sales $6,961  $9,050  $22,669  $28,977  There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of September 30, 2025. 

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NOTE 5 – CASH  The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the consolidated statements of cash flows (in thousands):    September 30, 2025  December 31, 2024 Cash  $10,922  $4,010 Restricted cash included in other assets*  2,747   2,597 Total cash and restricted cash $13,669  $6,607  * Increase in restricted cash is related to additional collateral for a surety bond required by the Colorado Bureau of Land Management with respect to the Company’s Colorado operations.

NOTE 6 – OIL AND GAS PROPERTIES The following table summarizes the Company’s oil and gas activities by classification for the nine months ended September 30, 2025 (in thousands):   December 31, 2024*  Additions  Disposals  Transfers  September 30, 2025 Oil and gas properties, subject to amortization $210,039  $3,296  $(288) $5,561  $218,608 Oil and gas properties, not subject to amortization  14,738   14,452   (2,028)  (5,561)  21,601 Asset retirement costs  4,326   476   (91)  -   4,711 Accumulated depreciation and depletion  (81,015)  (10,591)  -   -   (91