US70532Y3036 - Common Stock
PEDEVCO CORP
NYSEARCA:PED (5/31/2024, 7:04:00 PM)
0.96
+0.02 (+2.13%)
PEDEVCO Corp. is an exploration and production company, which engages in the acquisition and development of oil and natural gas assets. The company is headquartered in Houston, Texas and currently employs 14 full-time employees. The company went IPO on 2003-05-02. The firm's properties are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado. The firm holds approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, through its wholly owned operating subsidiary, Pacific Energy Development Corp. (PEDCO), which is referred to as Permian Basin Asset and approximately 11,580 net D-J Basin acres located in Weld and Morgan Counties, Colorado, through its wholly owned operating subsidiary, Red Hawk Petroleum, LLC (Red Hawk), which is referred to as D-J Basin Asset. The company holds interests in 381 gross (377 net) wells in its Permian Basin Asset of which 42 are active producers, 16 are active injectors and two are active saltwater disposal wells, all of which are held by PEDCO.
PEDEVCO CORP
575 N. Dairy Ashford, Energy Center II, Suite 210
Houston TEXAS 77079
P: 17132211768
CEO: Simon Kukes
Employees: 14
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PED stock results show that PEDEVCO met analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
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PED stock results show that PEDEVCO beat on revenue for the fourth quarter of 2023.
Evolution Petroleum (EPM) reported a smaller than expected quarterly profit and a 57% Y/Y decline in revenues, citing lower volumes and realized prices for oil and natural gas.
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