Operator
Pacific Energy Development
21 articles mentioning Pacific Energy Development · Page 1 of 2
Pedevco Restructures $35 Million Debt Facility
PEDEVCO Corp. d/b/a Pacific Energy Development has successfully restructured its approximately $35 million senior debt facility and its approximately $8.35 million subordinated debt facility.
Pedevco Begins 7 Wattenberg HZ Well Drill Program
Drilling operations are expected to commence this week on the seven new Wattenberg hz wells.
Pedevco to Begin Drill Ops on Seven Wattenberg Wells
As previously reported, these wells will be drilled and completed by a third party operator in the Wattenberg Area of Weld County, Colorado.
Pedevco to Participate in Seven New Wattenberg Wells
These horizontal wells will be located in the same area that the three Pronghorn wells operated by Bonanza Creek are located, in which wells the Company also holds a 25% working interest.
Pedevco Plans Offering to Fund Niobrara Portfolio Growth
The net proceeds to the Company from the Offering are expected to be approximately $2.73 million after deduction of underwriting discounts and estimated offering expenses.
Pedevco Sees Giant Jump in Niobrara Proved Reserves
Total Net Proved Reserves (P1) increased over 28x to 15.1 million BOE at year-end 2014 from 523 thousand BOE at year-end 2013.
Pedevco IPs Niobrara B Loomis Well at 681 BOE/d
The Loomis 2-1H well is the second of three new horizontal wells recently completed by the Company from a single pad.
Pedevco Looks to Exceed Average IP at Niobrara Loomis Pad
Based on the initial flow-back, the Company anticipates these wells will exceed the average initial production rates of all prior horizontal wells drilled and completed by the Company in Colorado.
Pedevco Preps to Complete DJ Basin Loomis Wells; Adds SWD Well
Initial results are expected from the wells in early December. The company hopes to double production by year-end 2015.
Pedevco Details Executive Appointments; Names New President
The company has promoted its current CFO and EVP, Michael Peterson, to President of the company.
Pedevco Hits Target Depth at Niobrara Loomis Well
The drilling of the first two wells, the Loomis 2-1H and Loomis 2-3H, was completed in September.
Pedevco Ups Proppant Concentration at Latest Niobrara Wells
Both wells are located on the Company's Wattenberg Asset in Colorado, and are the second and third wells of a three well-pad drilling program.
Pedevco Begins Ops at Three-Well Wattenberg Project; Talks Well Cost
These three new wells will be the Company's first wells to be drilled and completed by the Company as operator following its recent acquisition of the Wattenberg Asset.
Pedevco Planning 79 HZ Wells at New Wattenberg Asset
With these approvals now in hand, today the Company also announced its plans to commence its initial drilling operations in mid-August 2014.
PEDEVCO Completes 4 of 16 Wattenberg Wells in 1Q 2014
Approximately 16 total wells during 2014 with 11 in the Wattenberg and 2 in its Niobrara Asset in 2014.
Pedevco Unveils Drilling Plans for Wattenberg Extension Area
PEDEVCO Corp. d/b/a Pacific Energy Development plans to participate in the drilling of its first four wells in the Wattenberg Extension Area acreage it acquired last month.
Pacific Energy: 'Outstanding' Niobrara Wells Flowing Oil, Gas
"These outstanding results reflect our careful and diligent efforts during initial site selection and our continued focus on optimizing our drilling program," said President & CEO Frank C. Ingriselli.
Pedevco Reports Drilling of Two Niobrara Wells
The Company currently has three producing wells on its Niobrara asset which covers an area of 10,224 gross acres in Weld and Morgan Counties, Colorado.
Pacific Energy IPs Niobrara Logan Well at 585 BOE/d
The well is operated by the Company’s joint venture partner, Condor Energy Technology LLC.
Pacific IPs Niobrara "B" Well at 588 BOE/d
Condor spudded the Waves 1H well on November 19, 2012 and drilled to 11,114 feet measured depth (6,200 true vertical foot depth) in eight days.