PEDEVCO Corp. reported production results for the year ended December 31, 2022. The company produced an average of approximately 1,000 barrels of oil equivalent per day ("BOEPD") (83.5% oil) in 2022.

Production for the year ended December 31, 2022 was 364,771 barrels of oil equivalent ("Boe"), comprised of 304,507 barrels of oil, 245,923 million cubic feet ("Mcf") of natural gas, and 19,277 Boe of natural gas liquids ("NGLs"). Liquids production comprised 88.8% of total production in the year.