Pedevco CORP 8-K filings

PEDEVCO Corp. announced that its previously issued financial statements for 2022 and 2023 should no longer be relied upon due to errors in the accounting for depletion expense related to its oil and gas properties.

PEDEVCO Corp. announces the completion of drilling four gross (two net) new horizontal San Andres wells in the Chaveroo Field within the Permian Basin.

PEDEVCO Corp. announces a joint development agreement with a private equity-backed E&P company to expand and develop its Roth and Amber DSUs in the D-J Basin.

PEDEVCO Corp. updates investors with a new company presentation and the filing of its 2024 reserve report, providing insights into its oil and gas properties in Colorado, New Mexico, and Wyoming.

PEDEVCO Corp. grants restricted stock and stock options to officers and employees as part of its 2024 annual compensation review, along with cash bonuses for key executives.

PEDEVCO Corp. has entered into a sales agreement to potentially sell up to $8 million of its common stock through an at-the-market offering.

PEDEVCO Corp. has appointed J. Douglas Schick as CEO and Jody Crook as Chief Commercial Officer, effective January 1, 2025, alongside other board changes.

PEDEVCO Corp. reported a significant increase in production, revenue, and net income for the third quarter of 2024, driven by successful well development in the D-J and Permian Basins.

PEDEVCO Corp. has announced a participation agreement with a private equity-backed company to jointly develop acreage in the D-J Basin, including acquiring a working interest in six new wells.

PEDEVCO Corp. has successfully closed a $250 million reserve-based lending facility with Citibank, N.A., to support its development and acquisition plans.

PEDEVCO Corp. has increased the number of shares available under its 2021 Equity Incentive Plan to 13 million and granted restricted stock to two board members.

PEDEVCO Corp. reported a significant increase in production, revenue, and profitability for the second quarter of 2024, driven by strong performance from new wells in the D-J and Permian Basins.

PEDEVCO Corp. reported a slight decrease in revenue and a significant decrease in operating income for Q1 2024, despite increased production and new well activity.

PEDEVCO reports that three new Permian Basin wells are performing in line with expectations, with better-than-expected production declines.

PEDEVCO Corp. reported a 43% increase in average daily production for 2023, alongside an 8% rise in adjusted EBITDA, despite lower commodity prices.

PEDEVCO Corp. has received approval for its D-J Basin Oil and Gas Development Plan, paving the way for drilling operations to commence in the second quarter of 2024.

PEDEVCO Corp. has granted restricted stock, stock options, salary increases, and cash bonuses to its executives and employees as part of its 2023 annual compensation review.

PEDEVCO Corp. has published an updated company presentation and a reserve report detailing its oil and gas properties as of December 31, 2023.