PEDEVCO CORP (PED)

Company Profile

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 15 full-time employees. The company went IPO on 2003-05-02. 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 firm 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. The company 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.

Company Info

PEDEVCO CORP

575 N. Dairy Ashford, Energy Center II, Suite 210

Houston TEXAS 77079

P: 17132211768

CEO: Simon Kukes

Employees: 15

Website: https://www.pacificenergydevelopment.com/