PEDEVCO以590万美元赢得怀俄明州5，678英亩净英亩土地的竞标

2026-09-16 20:42

PEDEVCO (PED) on Wednesday said it was the high bidder for approximately 5,678 net acres in Wyoming’s Powder River Basin at a BLM competitive lease sale, acquiring the acreage for about $5.9 million, or $1,045 per net acre, funded with cash on hand.
The deal expands PEDEVCO’s presence in a highly prospective area of the Powder River Basin targeting the emerging Mowry play in this area.
Ten-year lease terms and a 12.5% royalty rate provide a long-term development window and allow the Company to retain an 87.5% net revenue interest.
Nearby horizontal Mowry wells averaged approximately 1,400 Boe/d during their peak month of production, demonstrating the formation’s development potential in this area.
“What excites us most is the significance this opportunity holds for a company of our size. The Mowry could potentially become a cornerstone of our portfolio, with successful development establishing a repeatable drilling program and a substantially larger production and cash flow base," J. Douglas Schick, CEO of PEDEVCO (PED), said.

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