PEDEVCO Corp. Overview
Pro stress-test →PEDEVCO Corp is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States, with principal assets including its San Andres Asset in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset in Colorado and Wyoming. The company operates as a micro-cap oil and gas exploration and production firm with approximately 328,000 net acres across key Rockies and Permian locations.
Strategic Profile
Pro stress-test →In 2024, PEDEVCO's revenue was $39.55 million (28.49% increase YoY) with earnings of $17.79 million (947% increase). The company maintains a clean balance sheet and is strategically positioned to exploit conventional assets using unconventional technologies in prolific basins.
Competitive Landscape
Pro stress-test →PEDEVCO competes in the micro-cap independent E&P sector alongside companies like U.S. Energy Corp and Ring Energy. The company differentiates through focused geographic positioning in prolific Rockies and Permian basins and application of unconventional development techniques to conventional assets. Larger peers include major integrated oil companies and mid-cap E&P operators with substantially greater capital and operational resources.
Industry Context
PEDEVCO Corp. operates in Oil & Gas Exploration & Production (E&P).
Key facts
Headquarters: Houston, Texas, United States · Revenue: $39.55M (2024) · Market cap: $55.5M