PEDEVCO Corp Dossier
Qualitative Analysis
Business overview
PEDEVCO Corp. (NYSE American: PED) is an independent energy company engaged in the acquisition, exploration, development, and production of oil and natural gas assets in the United States, with a primary focus on the Rocky Mountain region. The company's core assets are located in the D-J Basin (Colorado and Wyoming) and the Powder River Basin (Wyoming). Following its transformative merger with portfolio companies of Juniper Capital Advisors, L.P. in late 2025, PEDEVCO has significantly expanded its footprint to over 310,000 net acres, establishing a much larger, oil-weighted platform with a deep inventory of over 1,100 gross identified drilling locations.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Implementing optimization projects on the newly acquired Juniper Merger assets to reduce lease operating expenses (LOE) and improve operational efficiency.
Expected impact: Targeting up to approximately $1 million per month of LOE savings through the 2026/2027 program, with the fuller benefit flowing through in 2027.
Executing disciplined development drilling and completion activities in the core Denver-Julesburg (D-J) Basin assets.
Expected impact: Supports the company's full-year production guidance of 6,500 to 7,000 BOE per day and maintains the production profile.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Transformational merger creating a scaled Rockies oil & gas platform, significantly expanding the company's production base and acreage footprint.
Financial impact: Drove a 360% year-over-year increase in Q1 2026 revenue to $40.2 million and a 404% increase in Adjusted EBITDA to $21.5 million. The transaction was funded via the issuance of Series A Convertible Preferred Stock, a $35 million private placement, and drawing ~$87 million against an expanded $120 million reserve-based lending facility.