{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-002226","form_type":"8-K","ticker":"PED","cik":"0001141197","company_name":"PEDEVCO CORP","filed_at":"2025-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.031845+00:00","generated_at":"2026-05-25T16:55:31.948256+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PEDEVCO Enters Joint Development Agreement for D-J Basin DSUs with Large PE-Backed Operator","bullets":["Operator pays ~$1.7M to PEDEVCO; PED submits spacing amendments to ECMC to increase DSUs from ~1,280 to ~1,600 acres.","PED transfers operatorship to Operator; each party holds >=40% working interest in Roth DSU.","Operator to drill five new horizontal wells in Roth DSU starting Q3 2025, completion expected Q4 2025; PED retains right to assume operations if not timely commenced.","Upon timely completion of five wells by June 30, 2026, Operator may acquire up to 50% of PED's Amber DSU interest, resulting in each holding ~45% working interest.","CEO cites prior successful projects with Operator and expects cost savings from continuous rig operations."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-002226","json":"https://secwatch.observer/filing/0001654954-25-002226.json","markdown":"https://secwatch.observer/filing/0001654954-25-002226.md","text":"https://secwatch.observer/filing/0001654954-25-002226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1141197/000165495425002226/0001654954-25-002226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1141197/000165495425002226/ped_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T16:55:31.948256+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}