PEDEVCO Corp. (dba Pacific Energy Development) is an energy company engaged in the acquisition and development of oil and gas properties.
PEDEVCO Corp., an active player in the oil and gas sector, specializes in acquiring, developing, and producing oil and natural gas assets primarily within the United States. The company's strategic focus includes maximizing production and enhancing reserves across its extensive acreage holdings. As of December 31, 2021, PEDEVCO Corp. maintained substantial interests spanning approximately 32,870 net acres in the Permian Basin, situated in Chaves and Roosevelt Counties, New Mexico, as well as about 11,580 net acres in the Denver-Julesberg (D-J) Basin, located in Weld and Morgan Counties, Colorado.
Within its Permian Basin Asset portfolio, PEDEVCO Corp. boasts ownership in 385 net wells, while its D-J Basin Asset portfolio includes 78 net wells. These assets underscore the company's robust operational footprint and its commitment to leveraging advanced drilling and production technologies to optimize extraction efficiencies and deliver sustainable growth.
Headquartered in Houston, Texas, PEDEVCO Corp. operates as a subsidiary of SK Energy LLC, aligning its strategic direction with the broader energy industry trends and innovations. The company's comprehensive approach encompasses rigorous exploration, efficient development, and prudent management of its diverse asset base, ensuring resilience and competitiveness in dynamic market conditions.