PEDEVCO
PEDEVCO is a publicly traded Houston-based oil and gas E&P company that acquires and develops legacy conventional assets in the D-J Basin, Powder River Basin, and Permian Basin, applying horizontal drilling and modern completion techniques to expand recoverable reserves and produce crude oil, natural gas, and NGLs for sale at market prices.
- Company typePublic
- Founded2012
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What PEDEVCO does
PEDEVCO Corp. (NYSE American: PED) is a publicly traded independent oil and gas exploration and production company headquartered in Houston, Texas. The company acquires and develops strategic oil and gas assets in the United States, with a current footprint spanning approximately 315,500 net acres across the Denver-Julesberg Basin in southeastern Wyoming and northern Colorado, the Powder River Basin in northeastern Wyoming, and the Permian Basin in eastern New Mexico. Its stated strategy is to acquire legacy conventional proven properties with long production histories, well-defined geology, and existing infrastructure, and to apply modern drilling and completion techniques — particularly horizontal drilling and downspacing to 20-acre infill locations — to improve recovery rates and lower finding-and-development costs relative to prior vertical development. As of year-end 2025 the company reported 32.12 MMBoe of proved reserves with a PV-10 of $357.7 million at SEC pricing, over 1,000 identified drilling locations, and Q1 2026 production of 8,091 Boe/d.
PEDEVCO generates revenue almost exclusively from the sale of crude oil, natural gas, and natural gas liquids produced from operated and non-operated wells across its three basins. Pricing is set by reference to commodity markets rather than by the company, and revenue is partially hedged through fixed-price swaps, costless collars, and three-way collars. Produced volumes are sold at market-indexed or negotiated prices to refiners, natural gas processors, and midstream/pipeline counterparties. The company maintains high working interests (50-100%) on most of its acreage and seeks to operate the majority of its properties to control development pace and capital allocation.
The company's scale and asset base were transformed on October 31, 2025 through a merger with portfolio companies controlled by Juniper Capital Advisors, L.P., which added over 300,000 net acres of leasehold interests in the Northern DJ and Powder River Basins and brought production to over 6,500 BOEPD at closing. Juniper Capital acquired approximately 53% ownership and reconstituted the Board; the management team was expanded with operating and finance executives (COO and CFO) drawn from the portfolio companies. PEDEVCO supports its development program with a $250 million reserve-based lending facility with Citibank, N.A., and the parent entity holds ten wholly-owned operating subsidiaries organized by basin and asset.
PEDEVCO firmographics
Firmographics- Name
- PEDEVCO
- Legal name
- PEDEVCO Corp.
- Website
- https://pedevco.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PEDEVCO is a publicly traded Houston-based oil and gas E&P company that acquires and develops legacy conventional assets in the D-J Basin, Powder River Basin, and Permian Basin, applying horizontal drilling and modern completion techniques to expand recoverable reserves and produce crude oil, natural gas, and NGLs for sale at market prices.
- Ownership category
- akta.pro rank
PEDEVCO industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Natural Gas Extraction (21113)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Drilling & Well Construction (E&P Operator-led) (EUALAAAD)
- akta.pro secondary industries
- Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)
Keywords
Where PEDEVCO is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
PEDEVCO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Oil and Gas Sales: PEDEVCO generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from its operated and non-operated wells across the D-J Basin, Powder River Basin, and Permian Basin. Revenue is commodity-price dependent with realized prices varying based on crude quality, gravity corrections, transportation, and local basis differentials.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels7 records
PEDEVCO product offering
Product offeringCore offering
PEDEVCO is an independent oil and gas exploration and production (E&P) company that acquires and develops strategic oil and gas assets in the United States. The company targets legacy conventional proven properties with long production histories, well-defined geology, and existing infrastructure, and applies modern drilling and completion techniques—including horizontal drilling, downspacing, and modern field management—to improve recovery rates and reduce finding and development costs. Revenue is generated through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from operated and non-operated wells across approximately 315,500 net acres in the Permian Basin, D-J Basin, and Powder River Basin.
Product overview
PEDEVCO Corp. is a publicly traded oil and gas exploration and production company engaged in the acquisition and development of strategic oil and gas assets in the United States. The company operates a diversified portfolio of assets across three major basins: the Permian Basin (eastern New Mexico), the D-J Basin (southeastern Wyoming and northern Colorado), and the Powder River Basin (northeastern Wyoming). Following the October 2025 merger with Juniper Capital Advisors portfolio companies, the company now holds approximately 315,500 net acres with production of over 8,000 BOE/day. The company focuses on applying modern drilling and completion technologies, including horizontal drilling and downspacing techniques, to legacy conventional proven properties to improve recovery rates and operational efficiency.
Differentiator
Problem solved
Functional benefit
Products and services
- Permian Basin Operations (Chaveroo and Chaveroo NE) Oil and gas exploration and production assets in the Permian Basin targeting the San Andres formation in Chaves and Roosevelt Counties, New Mexico. The company applies horizontal drilling and modern completion techniques to legacy Chaveroo and Chaveroo NE oil fields with approximately 14,105 net acres, targeting 20-acre downspacing to improve recoveries and lower finding/development costs than vertical development.
- Rockies Properties (D-J Basin and Powder River Basin) Extensive oil and gas assets in the D-J Basin spanning Weld and Morgan Counties in Northern Colorado and southeastern Wyoming (Wattenberg core and extension area), and the Powder River Basin in northeastern Wyoming. The portfolio includes approximately 310,000 net acres with stacked pay potential targeting the Niobrara A, B, C, Codell, Parkman, Sussex, Shannon, Turner, Mowry, and Muddy formations.
- Oil and Gas Production Operations
Quantifiable outcome
- Production increase from 1,000 BOED to over 6,000 BOED following Juniper Merger
- +3 more outcomes
Companies that use PEDEVCO
Customer profileSegments2 records
Ideal customer profiles2 records
PEDEVCO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PEDEVCO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Joint Venture Partner (Chaveroo Field)minorIn 2023, PEDEVCO brought in a joint venture partner and sold 50% working interest in future drilling projects at the Chaveroo and Chaveroo NE oil fields in the Permian Basin.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
PEDEVCO competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
PEDEVCO social profiles
Digital presencePEDEVCO financial estimates
Financial estimateRevenue estimate
Valuation estimate
PEDEVCO leadership team
Management profileNumber of profiles
Profiles6 records
PEDEVCO subsidiaries and ownership
Company hierarchySubsidiaries10 records
PEDEVCO funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PEDEVCO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PEDEVCO
What does PEDEVCO do?
PEDEVCO is an independent oil and gas exploration and production (E&P) company that acquires and develops strategic oil and gas assets in the United States. The company targets legacy conventional proven properties with long production histories, well-defined geology, and existing infrastructure, and applies modern drilling and completion techniques—including horizontal drilling, downspacing, and modern field management—to improve recovery rates and reduce finding and development costs. Revenue is generated through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from operated and non-operated wells across approximately 315,500 net acres in the Permian Basin, D-J Basin, and Powder River Basin.
Is PEDEVCO a public or private company?
PEDEVCO is a public company. It is classified as public and is currently operating.
When was PEDEVCO founded?
PEDEVCO was founded in 2012. It employs 11 to 50 people.
Where is PEDEVCO based?
PEDEVCO is headquartered in Houston, United States, in the North America region.
How does PEDEVCO make money?
One revenue line is on record: oil and Gas Sales.
Does PEDEVCO have an API?
No public API is recorded for PEDEVCO.
What industry is PEDEVCO in?
PEDEVCO's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALAAAD, Drilling & Well Construction (E&P Operator-led), with a secondary code of EUALAAAH, Unconventional Resources Development (Shale/Tight, CBM). Its NAICS code is 211 and its SIC code is 1311.