Summary
Pedevco Targets Rockies Growth, Cost Savings and Acquisitions Into 2027
Pedevco NYSEAMERICAN: PED outlined plans to accelerate development across its Rocky Mountain oil and gas portfolio while pursuing selective acquisitions, as Interim President, Chief Executive Officer and Chief Operating Officer R.T. Dukes said the company has strengthened its balance sheet and is preparing for higher activity into 2027.
Pedevco Targets Rockies Growth, $10M Cost Cuts Amid CEO Search
Pedevco NYSEAMERICAN: PED outlined plans to advance development across its Rockies asset base, reduce operating costs and pursue disciplined consolidation opportunities as the company undergoes a leadership transition.
Pedevco (PED) Upgraded to Buy: What Does It Mean for the Stock?
Pedevco (PED) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PEDEVCO Corp Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CD Charlie Durham Sterling Capital Management LLC | 31 | $417 | $445.16 | $28.16 | 6.75% |
 Joseph Castro Nuveen LLC | 12,796 | $172,235 | $183,750.56 | $11,515.56 | 6.69% |
 Kevin Kroskey True Wealth Design LLC | 7 | $92 | $101.5 | $9.5 | 10.33% |
 Christopher C. Powers Farther Finance Advisors, LLC | 8 | $104 | $114.88 | $10.88 | 10.46% |
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PEDEVCO Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Reagan Tuck Dukes CEO | AMEX Exchange | 70532Y402 CUSIP |
| US Country | 25 Employees | - Last Dividend | 13 Mar 2026 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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