Pacific Energy Development Provides Drilling Plan Update and Announces Debt Conversions
Marketwire - Mon Jul 21, 3:45PM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S., today confirmed that it remains on schedule to commence drilling operations in mid-August 2014 on its initial 3 horizontal wells to be drilled and completed in its recently acquired Wattenberg Asset located in Weld County, Colorado. The Company has identified all key service providers, and has cash on hand and an established drilling credit line necessary, to drill and complete these wells as scheduled. The Company plans to drill these wells from a single pad at an estimated gross cost of approximately $4.2 million per well with an approximately 45% net working interest in each, with each well planned to receive an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
Pacific Energy Development Announces Drilling Approval and Initial Drilling Plans on Its Recently Acquired Wattenberg Asset
Marketwire - Wed Jun 18, 7:30AM CDT
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, today announced that on June 17, 2014 the Company received approval from the Oil and Gas Conservation Commission of the State of Colorado (COGCC) for the drilling of up to 79 new horizontal wells comprising 7 spacing units covering a total of approximately 6,700 gross acres in the Company's recently acquired Wattenberg Asset located in Weld County, Colorado. With these approvals now in hand, today the Company also announced its plans to commence its initial drilling operations in mid-August 2014 with the planned drilling and completion of 3 horizontal wells from a single pad, with each well receiving an 18 stage enhanced frac treatment with lateral lengths between 4,000 and 4,500 feet, and with completion and initial results expected to be available in mid-October 2014.
Pacific Energy Development to Present at LD Micro Conference
Marketwire - Thu May 29, 10:07AM CDT
Pacific Energy Development (PEDEVCO Corp.) (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic high-value energy projects in the U.S. and Asia, today announced that the Company will be a featured presenter at the LD Micro Conference, to be held on Wednesday, June 4, 2014, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
PEDEVCO Corp (PED) in Focus: Stock Jumps 10.6% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri May 23, 7:37AM CDT
PEDEVCO Corp. (PED) was a big mover last session, as the company saw its shares rise nearly 11% on the day.
PEDEVCO Seals DJ Basin Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 5:00PM CDT
On Mar 10, 2014, independent energy firm PEDEVCO Corp. declared that it has purchased roughly 28,000 net acres of land along with 40 wells in the Colorado-based DJ Basin.