PEDEVCO (NYSE:PED) (NYSE:PED) is an independent energy company engaged in the acquisition, development and production of onshore oil and natural gas properties in the United States. Headquartered in Houston, Texas, the company focuses on mature, low-decline assets that offer stable cash flow and upside from enhanced recovery and infill drilling programs. Since its inception, PEDEVCO has positioned itself as a nimble operator with a lean organizational structure that emphasizes cost control and operational efficiency.
The company’s primary operating area is the Eagle Ford Shale in South Texas, where it holds working interests in wells targeting both oil and natural gas liquids. PEDEVCO applies its technical expertise to optimize production through activities such as waterflooding, recompletions and the identification of overlooked zones. In addition, the company maintains a modest position in the Permian Basin, where it evaluates strategic bolt-on acquisitions and partnership opportunities to complement its core Eagle Ford footprint.
Originally established in the mid-2010s under a different name, PEDEVCO has grown through a combination of asset transactions and internal development. Management’s disciplined approach to capital allocation has driven steady production growth, while helping the company maintain a conservative balance sheet structure. PEDEVCO’s leadership team is led by Chief Executive Officer Kenneth C. Denholm, whose background includes over two decades of upstream experience across multiple basins, and a board of directors that brings expertise in finance, geology and petroleum engineering.
Looking ahead, PEDEVCO remains focused on maximizing value from its existing asset base and selectively pursuing acquisitions that fit its risk-adjusted return criteria. The company emphasizes environmental stewardship and community engagement in its areas of operation, incorporating best practices in water management, emissions monitoring and land reclamation. As a Small Cap energy producer, PEDEVCO aims to leverage its technical capabilities and low-cost structure to drive sustainable growth for shareholders and stakeholders alike.
