Pedevco Corp (A:PED)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 575 N. Dairy Ashford Energy Center II, Suite 210 HOUSTON TX 77079 |
| Tel: | N/A |
| Website: | https://www.pacificenergydevelopment.com |
| IR: | See website |
| Key People | ||
| J. Douglas Schick President | Simon Kukes Chief Executive Officer, Director | Clark R. Moore Executive Vice President, General Counsel, Secretary | Paul A. Pinkston Chief Accounting Officer |
| Business Overview |
| PEDEVCO Corp. is an oil and gas company focused on the acquisition and development of oil and natural gas assets. Its 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 and Wyoming. The Company holds approximately 22,721 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, through its wholly owned subsidiary, Pacific Energy Development Corp. (PEDCO), which is referred to as Permian Basin Asset and approximately 19,214 net D-J Basin acres located in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming, through its wholly owned operating subsidiary, Red Hawk Petroleum, LLC (Red Hawk), which is referred to as D-J Basin Asset. It holds interests in 300 gross and net wells in its Permian Basin Asset, of which 25 are active producers, two wells are active injectors and two are active saltwater disposal wells. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Pedevco Corp revenues increased 2% to $30.8M. Net income decreased 91% to $264K. Revenues reflect NGL segment increase of 80% to $1.4M, Oil Equivalent Production (Units/day) - increase of 43% to 1K barrels per day. Net income was offset by Gain (Loss) on sale of oil and gas prop increase from $0K to $4.3M (expense). |
| Employees: | 15 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $60.56M as of Dec 31, 2023 |
| Annual revenue (TTM): | $30.78M as of Dec 31, 2023 |
| EBITDA (TTM): | $15.28M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.26M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$11.52M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,355,267 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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