Company: PED
Filing Date: 2025-10-31
Form Type: 10-K/A
Source: 0001654954-25-012381
Chunk: 153

Company: PEDEVCO CORP
Filing Date: 2025-10-31
Form: 10-K/A
Chunk 153
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|:----|:--|-------:|:----|:--|-------:|
| Oil sales                    |     | $ | 36,193 |     | $ | 27,925 |
| Natural gas sales            |     |   |  1,216 |     |   |  1,438 |
| Natural gas liquids sales    |     |   |  2,144 |     |   |  1,421 |
| Total revenue from customers |     | $ | 39,553 |     | $ | 30,784 |

There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of December 31, 2024 or 2023, respectively.

| 105 |

NOTE 7 – OIL AND GAS PROPERTIES

The following tables summarize the Company’s oil and gas activities by classification for the years ended December 31, 2024 and 2023, respectively (in thousands):

|                                                                  |     | (as restated)               | Balance at December 31,2023 |   |     | Additions |         |   |     | Disposals |        |   |     | Transfers |        |   |     | 2024                        | Balance at December 31, |   |
|:-----------------------------------------------------------------|:----|:----------------------------|----------------------------:|:--|:----|:----------|--------:|:--|:----|:----------|-------:|:--|:----|:----------|-------:|:--|:----|:----------------------------|------------------------:|:--|
| 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