Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 12

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 12
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 favorable well results. Notable non-operated partners leading the Niobrara revival are Chevron Corporation (which acquired Noble Energy in October 2020 and PDC Energy in August 2023), Civitas Resources, Inc. (formed by the merger of Bonanza Creek Energy and Extraction Oil and Gas in November 2021) and several large private equity-backed independent E&P companies like Bison Oil & Gas IV and Verdad Resources LLC. Other active operators in the area include Fundare Resources Company, LLC (which acquired Whiting Petroleum Company’s D-J Basin interests in late 2019), and Occidental Petroleum (which acquired Anadarko Petroleum in 2019).

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Weld and Morgan Counties, Colorado and Laramie County, Wyoming

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Production, Sales Price and Production Costs

We have listed below the total production volumes and total revenue, net to the Company, for the years ended December 31, 2024, 2023, and 2022:

  2024  2023  2022           Total Revenues $39,553,000  $30,784,000  $30,034,000              Oil:            Total Production (Bbls)  492,396   382,794   304,507 Average sales price (per Bbl) $73.50  $72.95  $90.86 Natural Gas:            Total Production (Mcf)  608,382   479,533   245,923 Average sales price (per Mcf) $2.00  $3.00  $6.41 NGL:            Total Production (Bbls)  78,003   58,170   19,277 Average sales price (per Bbl) $27.48  $24.43  $40.87 Oil Equivalents:            Total Production (Boe) (1)  671,796   520,886   364,771 Average Daily Production (Boe/d)  1,835   1,427   999 Average Production Costs (per Boe) (2) $10.36  $8.98  $13.12 

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