This acreage acquisition is a positive strategic signal for PED's long-term Mowry Shale development potential, but it is a pure exploration play with no near-term production impact. Monitor for any drilling permits, joint venture announcements, or initial well results on the new acreage over the next 12-24 months. The stock may see a modest positive reaction given the low-cost entry and expanded runway.
Price Chart
Executive Summary
PEDEVCO acquired 5,678 net acres in Wyoming for ~$5.9M in a BLM lease sale, nearly doubling its Mowry Shale position to ~12,000 net acres. The acquisition was funded from cash on hand and provides a 10-year development window with a 12.5% royalty rate. This is a strategic land bolt-on that expands PEDEVCO's footprint in a high-potential play, but it is an early-stage exploration position with no current production or reserves from the new acreage.
Key Facts
- Acquired ~5,678 net acres in Wyoming BLM lease sale for ~$5.9M ($1,045/net acre)
- Nearly doubles Mowry Shale position to ~12,000 net acres in the prospect area
- 10-year lease terms with 12.5% royalty rate (87.5% net revenue interest)
- Acquisition funded through cash on hand
- Nearby horizontal Mowry wells averaged ~1,400 Boe/d during peak month of production
Financial Impact
~$5.9M cash outlay for acreage acquisition; no revenue or earnings impact disclosed
Risk Factors
- No proved reserves on the acquired acreage; commercial viability unproven
- Development requires future capital and successful drilling results
- Commodity price volatility could impact economics of Mowry development
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-008401 |
| Document: ped_ex991.htm | 0001654954-26-008401 |
| Document: 0001654954-26-008401-index-headers.html | 0001654954-26-008401 |
| Document: 0001654954-26-008401-index.html | 0001654954-26-008401 |
| Document: 0001654954-26-008401.txt | 0001654954-26-008401 |
Track record builds as more directional reports settle.
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| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | SC 13D/A | $13.25 $14.24 | ▲ +7.47% | ▲ +8.62% | $15.53 (+17.21%) |
Sep 21, 2026 5w ago | 8-K | $13.38 $13.10 | ▼ −2.09% | ▼ −1.07% | $15.53 (+16.07%) |
Sep 16, 2026 5w ago | 8-K | $15.49 $13.26 | ▼ −14.40% | ▼ −16.96% | $15.53 (+0.26%) |
Sep 9, 2026 6w ago | EFFECT | $14.65 $16.74 | ▲ +14.23% | ▲ +14.57% | $15.53 (+6.01%) |
Aug 28, 2026 8w ago | 8-K | $13.61 $14.65 | ▲ +7.64% | ▲ +7.78% | $15.53 (+14.11%) |
Jul 24, 2026 13w ago | 8-K | $11.50 $10.81 | ▼ −6.00% | ▼ −7.07% | $15.53 (+35.04%) |
Jun 29, 2026 17w ago | 8-K | $14.99 $12.52 | ▼ −16.48% | ▼ −17.86% | $15.53 (+3.60%) |
Mar 31, 2026 29w ago | 8-K | $16.25 $16.02 | ▼ −1.42% | ▼ −5.18% | $15.53 (−4.43%) |
Mar 3, 2026 33w ago | 8-K | $11.76 $16.00 | ▲ +36.05% | ▲ +37.39% | $15.53 (+32.06%) |
Mar 3, 2026 33w ago | 8-K | $13.84 $13.26 | ▼ −4.19% | ▼ −3.71% | $15.53 (+12.21%) |
US Market Status
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