Who We Are
We are an exploration and production (E&P) company focused on the acquisition and development of oil and natural gas assets where the latest in modern drilling and completion techniques and technologies have yet to be applied. We target legacy conventional proven properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management.
Our current properties are located in the Denver-Julesberg Basin (D-J Basin) in Colorado and Wyoming in the Wattenberg core and extension area, the Powder River Basin in southeastern Wyoming, and the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico. As of December 31, 2025, we had approximately 14,105 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, and approximately 310,000 net D-J Basin and Powder River Basin acres located in Weld and Morgan Counties, Colorado, and southeastern Wyoming.
Our goal is to be the operator in the majority of our acreage so that we can dictate the pace of development and maintain capital discipline.
Strategic Focus
- Position the Company as Premier Publicly-Traded Rockies-Focused Oil & Gas Operator
- Maintain Strong Cash Generation with Extensive Potential Drilling Inventory
- Drive Low-Cost Operating with a Conservative Capital Structure
- Focused on Organic Growth and Strategic Consolidation
History
- In June 2018, the Company was completely restructured, with all outstanding liabilities eliminated, SK Energy LLC becoming owner of 47% of the common shares outstanding, a new Board of Directors and management team installed, and an enhanced operational focus initiated.
- In August 2018, the Company closed the acquisition of the Chaveroo and Milnesand fields in Permian Basin of New Mexico, for $21.3 million.
- On October 31, 2025, the Company merged with certain portfolio companies (the “Portfolio Companies”) controlled by Juniper Capital Advisors, L.P. (together with affiliates, “Juniper”), which added over 300,000 net acres of leasehold interests with future drilling inventory located in the Northern DJ and Powder River Basins, and substantial oil-weighted producing assets, bringing the Company production to over 6,500 BOEPD at closing. Juniper acquired ~53% ownership in the Company, the Company’s Board was reconstituted, the management team was expanded, and the Company brought on twelve additional employees from the Portfolio Companies.
Company Description
PEDEVCO Corp. (NYSE American: PED) is a publicly traded energy company engaged in the acquisition and development of strategic oil and gas assets in the United States. Following the completion of its October 2025 merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P., the Company’s principal assets include its D-J Basin assets in southeastern Wyoming and northern Colorado, its Powder River Basin assets in northeastern Wyoming, and its Permian Basin assets in eastern New Mexico, collectively representing over 310,000 net acres. PEDEVCO is headquartered in Houston, Texas.