14.51
-2.49%
Close of 9 Nov 2026, in USD
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About PEDEVCO
From its filings with the US Securities and Exchange Commission
PEDEVCO is based in Houston, Texas and is incorporated in Texas. Its shares trade on NYSE under the ticker PED. The SEC classifies its business as crude petroleum & natural gas. In the fiscal year to 31 December 2025, it reported revenue of $45.8m and a net loss of $10.4m. At that date it held total assets of $375.9m and shareholders' equity of $207.4m.
We were originally incorporated in September 2000 as Rocker & Spike Entertainment, Inc. In January 2001 we changed our name to Reconstruction Data Group, Inc., and in April 2003 we changed our name to Verdisys, Inc. and were engaged in the business of providing satellite services to agribusiness. In June 2005, we changed our name to Blast Energy Services, Inc. (“Blast”) to reflect our new focus on the energy services business, and in 2010 we changed the direction of the Company to focus on the acquisition of oil and gas producing properties.
As discussed in greater detail below under “Business Strategy—Merger Agreement”, on October 31, 2025, we entered into an Agreement and Plan of Merger (the “Merger Agreement”), between the Company, NP Merger Sub, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“First Merger Sub”), COG Merger Sub, LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (“Second Merger Sub,” and together with First Merger Sub, the “Merger Subs”), North Peak Oil & Gas, LLC, a Delaware limited liability company (“NPOG”), Century Oil and Gas Sub-Holdings, LLC, a Delaware limited liability company (“COG,” and together with NPOG, the “Acquired Companies”), and, solely for purposes of the specified provisions therein, North Peak Oil & Gas Holdings, LLC, a Delaware limited partnership (“North Peak”).
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 2 May 2003
- Employees
- 25
- Website
- pacificenergydevelopment.com ↗
- Head office
- 575 N. DAIRY ASHFORD, HOUSTON, TX, 77079
- Incorporated in
- TX
- Classification
- Crude Petroleum & Natural Gas
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Dr. Simon KukesExecutive Chairman of the Board, since 2018$436,000
- Mr. John SchickPresident, Chief Executive Officer, Director, since 2018$787,087
- Mr. Clark MooreExecutive Vice President, General Counsel, Secretary$724,800
- Mr. Paul PinkstonChief Accounting Officer$426,820
- Mr. Jody CrookChief Commercial Officer
- Mr. H. Douglas EvansIndependent Director$80,835
- Mr. John HowieIndependent Director
- Mr. John ScelfoIndependent Director$118,875
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- PEDEVCO Corp has a strong financial position with a healthy cash flow and a history of profitability. This provides stability and enables the company to pursue growth opportunities.
- The company has a strong management team with extensive experience in the energy industry. Their expertise and strategic decision-making contribute to the success of PEDEVCO Corp.
- PEDEVCO Corp has a diverse portfolio of oil and gas assets, allowing them to mitigate risks associated with fluctuations in commodity prices and to capitalize on various market opportunities.
Weaknesses
- One weakness of PEDEVCO Corp is their dependence on external financing for a significant portion of their operations. This reliance on debt can pose risks, particularly during periods of economic instability or tightening credit markets.
- Another weakness is the company's limited geographic presence, with most of their assets located in a few specific regions. This concentration increases vulnerability to localized risks such as regulatory changes or natural disasters.
Opportunities
- PEDEVCO Corp has the opportunity to expand its operations by acquiring additional oil and gas assets in new regions. This could diversify their portfolio and provide access to untapped resources.
- The company can also explore partnerships or joint ventures with other energy companies to leverage their expertise and share costs, which can lead to increased efficiency and profitability.
- As global energy demands shift towards renewable sources, PEDEVCO Corp can invest in clean energy technologies or alternative energy projects to capitalize on this growing market.
Threats
- One major threat to PEDEVCO Corp is the volatility of oil and gas prices. Fluctuations in commodity prices can significantly impact their revenue and profitability.
- Another threat comes from regulatory and environmental challenges. Changes in regulations or increased scrutiny on fossil fuel extraction can impose additional costs and operational constraints on the company.
- Competition within the energy industry is also a threat. PEDEVCO Corp faces competition from both established companies and emerging players, which can impact market share and pricing power.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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