PEDEVCO Corp, also known as Pacific Energy Development (PED), is a publicly-traded energy company based in the United States. It is listed on the NYSE under the ticker symbol "PED". The company's primary focus is on the acquisition and development of strategic, high-growth energy projects in the U.S., including shale oil and gas assets. The company's operations prove its commitment to using innovative technologies to safely and efficiently develop energy resources, with a strong emphasis on environmental conservation.
PEDEVCO Corp's operational interests are primarily concentrated in two key areas: the Denver-Julesberg (D-J) Basin in Colorado and the Permian Basin in Texas. The D-J Basin specifically focuses on oil, natural-gas liquids, and gas from multiple producing horizons. Meanwhile, the Permian Basin is one of the U.S.'s most prolific oil and gas producing areas, making it an advantageous operational base for PEDEVCO.
Since PEDEVCO’s incorporation in 2011, it has taken great strides in its growth. The company employs a combination of conventional and unconventional methods of exploration and production, often utilizing vertical, directional, and horizontal drilling technologies to maximize the extraction of oil and gas from its assets. In doing so, the company enforces sustainable practices to minimize the potential environmental impacts of its operations.
PEDEVCO has also paid exceptional attention to its researchers, engineers, and scientists who are constantly seeking innovative and sustainable solutions to unlock reservoir potential. The company encourages a workplace environment that supports knowledge sharing and relentless pursuit of improvement.
The company’s management team, led by President and CEO Dr. Simon Kukes, boasts of years of industry experience, finance, operational management, and strategic planning skills - all contributing to the company’s continued success and growth.
PEDEVCO Corp’s portfolio is characterized by assets that offer substantial upside potential. As the demand for energy continues to increase globally, PEDEVCO plays a critical role in providing solutions. The company has shaped its principles by leaning on innovation, sustainability, and a holistic growth strategy that balances profitability with ecological responsibility.
In summary, PEDEVCO Corp is a dynamic and forward-looking contributor to the energy industry. Its strategic focus on oil and gas resources in key U.S. basins, combined with a commitment to environmental conservation and innovative exploration and production methods, position the company well for future growth and success. As long as the energy needs remain high, PEDEVCO will continue to play a prominent role in the industry.