PEDEVCO Corp. (PED): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how an energy company can thrive by revitalizing old oil fields with new tech? PEDEVCO Corp. (PED) focuses on acquiring and developing strategic, high-growth energy projects in the U.S., primarily in the Permian and D-J Basins. But how exactly does PEDEVCO operate, and what makes its approach unique in the competitive oil and gas sector? Keep reading to discover how PEDEVCO leverages modern techniques to maximize the value of its assets, achieving a 29% increase in average daily production to 1,835 barrels of oil equivalent per day (BOEPD) in 2024 and a 31% increase in Adjusted EBITDA to $22.9 million.

PEDEVCO Corp. (PED) History

PEDEVCO Corp. Founding Timeline

Year established

The company was originally incorporated in Delaware on **December 27, 2007**.

Original location

The company’s headquarters are located in Denver, Colorado.

Founding team members

While specific details on the original founding team members are limited in the provided search results, the company has been led by a series of key executives. As of more recent filings:

• Simon Kukes served as the Chairman of the Board.
• Frank Ingriselli has held the position of Chief Executive Officer.

Initial capital/funding

Information regarding the precise initial capital or funding is not available within the provided context. Details on initial funding rounds would typically be found in historical financial filings or press releases at the time of the company's inception.

PEDEVCO Corp. Evolution Milestones

PEDEVCO Corp. Transformative Moments

• Strategic Realignment (2017-2019): The appointment of new management and a focus on specific basins (D-J Basin) marked a transformative period. This strategic realignment aimed to streamline operations and capitalize on the most promising assets.
• Navigating the COVID-19 Pandemic (2020): The COVID-19 pandemic presented a significant challenge, forcing the company to adapt to unprecedented market conditions. Cost-cutting measures and adjustments to operational strategies were crucial in navigating this period.
• Operational Improvements and Revenue Growth (2023): The company's ability to increase production and revenue in 2023 highlights its resilience and the effectiveness of its strategic adjustments. This period signifies a recovery and a move towards sustainable growth.

To gain further insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of PEDEVCO Corp. (PED).

PEDEVCO Corp. (PED) Ownership Structure

PEDEVCO Corp. has a complex ownership structure that includes a mix of institutional, retail, and potentially insider ownership.

PEDEVCO Corp.'s Current Status

As of April 2025, PEDEVCO Corp. is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors to own a portion of the company.

PEDEVCO Corp.'s Ownership Breakdown

Understanding the ownership breakdown of PEDEVCO Corp. provides insights into who has the most influence on the company's decisions. The following table summarizes the ownership structure:

PEDEVCO Corp.'s Leadership

The leadership team is responsible for the day-to-day operations and strategic direction of PEDEVCO Corp. As of April 2025, key members of the leadership team include:

• Simon Kukes: Chairman of the Board
• Frank Ingriselli: Chief Executive Officer
• Lisa Bickerstaff: Chief Financial Officer

For additional insights into the company's financial standing, consider reading Breaking Down PEDEVCO Corp. (PED) Financial Health: Key Insights for Investors.

PEDEVCO Corp. (PED) Mission and Values

PEDEVCO Corp. is committed to growing its oil and gas assets responsibly, focusing on safe and efficient operations while creating value for its shareholders. The company values integrity, innovation, and respect in all its activities.

PEDEVCO Corp.'s Core Purpose

Official mission statement

PEDEVCO Corp.'s mission statement is to maximize shareholder value through the responsible acquisition, development, and production of oil and natural gas assets.

• Focuses on strategic asset acquisition to enhance portfolio strength.
• Emphasizes responsible development practices to ensure sustainability.
• Aims to optimize production techniques for maximum efficiency.
• Committed to creating value for shareholders through financial performance.

Vision statement

PEDEVCO Corp. envisions becoming a leading independent energy company recognized for its operational excellence, financial strength, and commitment to environmental stewardship.

• Strives for industry leadership through superior operational performance.
• Maintains a strong financial position to support growth and stability.
• Dedication to environmental stewardship in all operational aspects.
• Aims to be recognized as a trusted and reliable energy provider.

Company slogan/tagline

While PEDEVCO Corp. doesn't have a widely publicized official slogan or tagline, their actions and communications reflect a commitment to 'Responsible Energy Development.'

• Focus on responsible and sustainable energy practices.
• Dedication to innovation and efficiency in operations.
• Commitment to creating value for shareholders and stakeholders.

For more in-depth information, you can visit: Mission Statement, Vision, & Core Values of PEDEVCO Corp. (PED).

PEDEVCO Corp. (PED) How It Works

PEDEVCO Corp. (PED) operates as an energy company focused on the acquisition, development, and production of oil and natural gas assets, primarily in the United States.

PEDEVCO Corp.'s Product/Service Portfolio

PEDEVCO Corp.'s Operational Framework

PEDEVCO's operational framework involves several key stages:

• Acquisition: PEDEVCO strategically acquires leasehold interests in prospective oil and gas properties.
• Exploration: Utilizing geological and geophysical data, PEDEVCO explores its leasehold interests to identify potential hydrocarbon reserves.
• Drilling and Completion: PEDEVCO drills and completes wells to access the identified oil and gas reserves. This involves hydraulic fracturing (fracking) to enhance production in shale formations.
• Production: Once wells are completed, PEDEVCO extracts and processes the oil and natural gas.
• Sales and Marketing: The extracted oil and natural gas are then sold to refineries, utility companies, and other energy distributors.

PEDEVCO Corp.'s Strategic Advantages

PEDEVCO aims to leverage several strategic advantages to enhance its market position:

• Strategic Asset Base: PEDEVCO focuses on acquiring and developing assets in established oil and gas regions, which reduces exploration risk and provides access to existing infrastructure.
• Technological Expertise: The company employs advanced drilling and completion techniques to maximize production from its wells.
• Cost Efficiency: PEDEVCO strives to maintain cost-efficient operations to improve profitability, even in a fluctuating commodity price environment.

To gain further insights into the company's financial standing, consider reading Breaking Down PEDEVCO Corp. (PED) Financial Health: Key Insights for Investors.

PEDEVCO Corp. (PED) How It Makes Money

PEDEVCO Corp. primarily generates revenue through the exploration, development, and production of oil and natural gas properties, focusing on unconventional shale plays.

PEDEVCO Corp.'s Revenue Breakdown

As of the fiscal year 2024, a detailed breakdown of PEDEVCO Corp.'s revenue streams is not readily available in the provided search results. However, based on the company's operations, revenue streams can be inferred.

PEDEVCO Corp.'s Business Economics

PEDEVCO Corp.'s business economics are influenced by several factors:

• Commodity Prices: The prices of crude oil and natural gas significantly impact PEDEVCO's revenue. Higher prices lead to increased revenue, while lower prices can reduce profitability.
• Production Costs: The efficiency of PEDEVCO's drilling and extraction processes affects its production costs. Lower costs improve profit margins.
• Operational Efficiency: Improved operational practices can enhance production volumes and reduce downtime, boosting overall revenue.
• Hedging Strategies: PEDEVCO may use hedging to mitigate the risk of price fluctuations, providing a more predictable revenue stream.

PEDEVCO Corp.'s Financial Performance

As of April 2025, specific financial performance details for the fiscal year 2024 are limited in the search results. However, key aspects of their financial performance would typically include:

• Revenue: Total revenue from the sale of crude oil and natural gas.
• Net Income: Profit after all expenses, including production costs, administrative expenses, and taxes.
• Operating Margin: A measure of operational efficiency, calculated as operating income divided by revenue.
• Debt Levels: The amount of debt PEDEVCO carries, which impacts its financial flexibility and risk profile.
• Capital Expenditures: Investments in new drilling and development activities, which are crucial for future growth.

To gain more insights into PEDEVCO Corp., explore: Exploring PEDEVCO Corp. (PED) Investor Profile: Who’s Buying and Why?

PEDEVCO Corp. (PED) Market Position & Future Outlook

As of April 2025, PEDEVCO Corp. navigates a dynamic energy market, positioning itself for strategic growth while addressing inherent industry challenges. PED's future success hinges on capitalizing on emerging opportunities and effectively mitigating potential risks.

Competitive Landscape

The competitive landscape for PEDEVCO Corp. is shaped by a mix of established industry players and emerging companies. While specific market share data as of April 2025 is not available, a general overview can be provided based on industry knowledge and typical competitive dynamics within the oil and gas sector.

Opportunities & Challenges

PEDEVCO Corp. faces a set of opportunities and risks that will shape its trajectory in the coming years.

Industry Position

PEDEVCO Corp. operates within the oil and gas industry, which is characterized by:

• High capital expenditure requirements.
• Stringent regulatory oversight.
• Exposure to commodity price volatility.

The company's standing is influenced by its:

• Reserves and production levels.
• Operational efficiency.
• Financial stability.

For more insights into PEDEVCO Corp.'s financial performance, you can explore: Breaking Down PEDEVCO Corp. (PED) Financial Health: Key Insights for Investors