Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1152

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1152
---
cf)  44   1,229 NGL (MBbls)  7   144 Oil Equivalents (MMBoe)   1,051   1,051          Proved Undeveloped Reserves         Crude Oil (MBbls)  8,337   8,787 Natural Gas (Mmcf)  19,079   15,659 NGL (MBbls)  2,809   1,975 Oil Equivalents (MMBoe)   14,327   13,372          Proved Reserves         Crude Oil (MBbls)  10,793   11,358 Natural Gas (Mmcf)  23,415   19,886 NGL (MBbls)  3,446   2,374 Oil Equivalents (MMBoe)   18,142   17,046 

 112Table of Contents

Proved Undeveloped Reserves

The following table is a reconciliation of the change in our PUD reserves for the periods indicated below (quantities in net MBoe):

Proved undeveloped reserves, December 31, 2022  12,942 Transfers to proved developed  (809)Additions  3,592 Revisions of prior estimates  (2,353)Proved undeveloped reserves, December 31, 2023  13,372 Transfers to proved developed  -- Additions  3,796 Revisions of prior estimates  (2,841)Proved undeveloped reserves, December 31, 2024  14,327 

For the year ended December 31, 2023, total proved undeveloped reserves (PUDs) increased by 430 MBoe to 13,372 MBoe, primarily related to the following:

 ·Transfer of 809 MBoe from PUD to proved developed reserves in D-J Basin (561 MBoe) and Permian Basin Asset (248 MBoe) based on total capital expenditures during 2023;    ·Additions of 3,592 MBoe related to the development of operated and non-operated sections in the D-J Basin (2,968 MBo