Pedevco Corp is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the United States, and a secondary focus on conventional oil and natural gas plays.
Tue, Jul. 1, 5:36 PM
Wed, Jun. 18, 3:59 PM
- PEDEVCO (PED +6.2%) moves sharply higher on news that Colorado energy authorities approved its plans to begin drilling at its recently acquired Wattenberg asset near Fort Collins.
- PED plans to begin work by mid-August on three horizontal wells from a single pad, expecting to complete drilling in mid-October after reaching lateral lengths of 4K-5K ft. at a cost of ~$4.2M per well; the company expects to have a 45% working interest in each of the three new wells.
- Overall, PED plans for up to 79 new horizontal wells comprising seven spacing units on the 6,700-acre Wattenberg field.
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Nov. 1, 2013, 12:47 PM
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