PED
- PEDEVCO Corp.
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Overview
Company Summary
PEDEVCO Corp., commonly known as PED, is an energy company primarily engaged in the exploration, development, and production of oil and natural gas resources. The company operates in the United States, with a focus on developing energy assets in the Permian Basin, which is one of the most prolific oil and gas regions.
PED's primary business activity involves identifying potential oil and gas reserves, acquiring the rights to explore and develop these reserves, and implementing drilling programs to extract the resources. The company utilizes advanced drilling techniques, such as horizontal drilling and hydraulic fracturing (fracking), to tap into unconventional and conventional reserves.
Through its exploration and production activities, PED aims to increase its reserves and production levels, thereby generating revenue from the sale of oil, natural gas, and natural gas liquids (NGLs). These products are typically sold to refiners, marketers, and other energy companies for further processing and distribution.
In addition to its conventional oil and gas operations, PED is active in the development of innovative technologies. The company has invested in researching and implementing environmentally friendly and cost-effective methods for extracting hydrocarbons, with a focus on reducing the environmental impact of its operations.
Overall, PEDEVCO Corp. is an energy company focused on the exploration, development, and production of oil and natural gas resources, with a commitment to employing advanced technologies and sustainable practices in its operations.