{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-011790","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.235581+00:00","generated_at":"2026-06-10T18:50:38.857380+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PEDEVCO farms out 50% WI in Chaveroo field to Evolution for $401,733 initial payment","bullets":["Initial payment of $401,733 for 50% working interest in first two Development Blocks covering 9 drilling locations on ~16,000 acres.","Evolution may acquire 50% WI in subsequent blocks at $450/net acre; PEDEVCO remains operator under standard operating agreement.","Chaveroo field estimated 700+ million barrels OOIP with less than 5% recovered; horizontal infill drilling de-risked.","Agreement term through Dec 31, 2025; block-by-block farm-in with up to nine horizontal San Andres wells per block.","PEDEVCO to redirect capital to DJ Basin growth; Evolution gains Permian exposure and supports its dividend."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-011790","json":"https://secwatch.observer/filing/0001654954-23-011790.json","markdown":"https://secwatch.observer/filing/0001654954-23-011790.md","text":"https://secwatch.observer/filing/0001654954-23-011790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423011790/0001654954-23-011790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423011790/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T18:50:38.857380+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d406658dd3034df8a2e8077c816c6fc206edd8dc","claim":"PEDEVCO CORP entered into Participation Agreement with Evolution Petroleum Corporation valued at $401,733.00 (effective 2023-09-12).","evidence_excerpt":"On September 12, 2023, PEDEVCO Corp. (the “ Company ”) and Evolution Petroleum Corporation (“ Evolution ”) entered into a Participation Agreement for the joint development of a portion of the Company’s Permian Basin Asset known as the Chaveroo oilfield","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1141197/000165495423011790/0001654954-23-011790-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Evolution Petroleum Corporation"},{"label":"Value","value":"$401,733.00"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}