secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2026-09-16T12:01:00+00:00
Accession:  0001654954-26-008401
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PEDEVCO acquires 5,678 Wyoming net acres for $5.9M, nearly doubling Mowry position
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- Acquired ~5,678 net acres in BLM Wyoming lease sale for ~$5.9M ($1,045/net acre), funded with cash on hand.
- Expands Mowry Shale holdings in Powder River Basin to ~12,000 net acres; 10-year lease terms and 12.5% royalty.
- Nearby horizontal Mowry wells averaged ~1,400 Boe/d peak month, supporting development potential.
- CEO Schick cites strategic fit, disciplined cost basis, and flexibility for a scalable drilling program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426008401/0001654954-26-008401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426008401/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-008401

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer