Company: PED
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009652
Chunk: 56

Company: PEDEVCO CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 56
---
  $1,256  $1,731  $(475) (27%) Workovers   469   335   134  40% Other*  1,074   1,482   (408) (28%) Total Lease Operating Expenses $2,799  $3,548  $(749) (21%)                 Depreciation, Depletion,                 Amortization and Accretion  $3,857  $4,242  $(385) (9%) Impairment of Oil and Gas Properties $510  $-  $510  100%                 General and Administrative (Cash) $1,218  $921  $297  32% Share-Based Compensation (Non-Cash)  475   462   13  3% Total General and Administrative Expense  $1,693  $1,383  $310  22%                 Gain on Sale of Oil and Gas Properties $1,021  $-  $1,021  100% Note Receivable - Credit Loss $1,378  $-  $1,378  100% Interest Income $63  $93  $(30) (32%) Other Income (Expense) $15  $(50) $65  130% 

* Includes severance, ad valorem taxes, assessment and gathering, transportation and processing costs.

Lease Operating Expenses. The decrease of $0.7 million was primarily due to lower direct and variable lease operating expenses associated with the lower crude oil, natural gas and NGL volumes resulting from the production volume declines noted above.

Depreciation, Depletion, Amortization and Accretion. The $0.4 million decrease was primarily the result of lower crude oil, natural gas and NGL volumes resulting from the production volume declines noted above.

Impairment of Oil and Gas Properties. The Company recorded an impairment of oil and gas properties of $0.5 million related to undeveloped leases representing 776 net acres in the D-J Basin that it allowed to expire or currently have no plans to drill prior to expiration, in the current period. There was no impairment in the prior period.

General and Administrative Expenses (excluding share