Pedevco Corp. (UD1P)
XFRA 
Summary
UD1P Chart
Pedevco Corp. (PED) Reports Break-Even Earnings for Q1
Pedevco Corp. (PED) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.01 per share a year ago.
Should Value Investors Buy Pedevco (PED) Stock?
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PEDEVCO Announces Appointment of New Chief Executive Officer, New Chief Commercial Officer, and Board of Director Changes
HOUSTON, TX / ACCESSWIRE / December 11, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., announced today that its Board of Directors has appointed J. Douglas Schick, the Company's current President since August 2018, as the Company's new Chief Executive Officer and a member of the Board, and is expanding its executive management and development team with the hiring of Mr.
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Pedevco Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | John Douglas Schick CEO | XFRA Exchange | US70532Y3036 ISIN |
| US Country | 14 Employees | - Last Dividend | 10 Apr 2017 Last Split | 2 May 2003 IPO Date |
Overview
PEDEVCO Corp. is a focused entity within the energy sector, primarily engaged in the oil and gas industry. The company's strategic operations include the acquisition, development, and production of oil and natural gas assets predominantly situated in the United States. With its corporate headquarters established in Houston, Texas, PEDEVCO operates in significant oil and gas producing regions, namely the Permian Basin and the D-J Basin. The company controls an expansive area in the Permian Basin, amounting to approximately 22,721 net acres in New Mexico, and extends its reach to the D-J Basin with around 19,214 net acres located in Wyoming. This geographical positioning within key energy-producing locales underlines PEDEVCO's commitment to tapping into and efficiently managing valuable natural resources.
Products and Services
- Oil and Natural Gas Production
At the core of PEDEVCO's operations lies its primary focus on the production of oil and natural gas. By leveraging its significant acreage in the Permian Basin and the D-J Basin, the company actively engages in the extraction and sale of these crucial energy resources. This effort supports not only the energy market's demands but also contributes to the broader economic landscape through energy provision and job creation.
- Asset Development and Acquisition
PEDEVCO's strategic approach encompasses the development and acquisition of oil and gas assets. This includes extensive exploration activities aimed at discovering new reserves, optimizing the extraction process, and expanding its portfolio through strategic acquisitions. Such endeavors ensure the company's growth and sustainability within the competitive energy sector, allowing for ongoing enhancement of production capabilities and resource management.
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