Thursday, March 07, 2013 1:14:44 PM
March 7, 2013 -- PEDEVCO Corp., d/b/a Pacific Energy Development (OTCBB:PEDO) (the "Company"), announced today that its third horizontal well, the Logan 2H well, located in Weld County, Colorado, has tested at an initial production rate of 522 bopd and 360 mcfgpd (585 boepd) from the Niobrara “B” Bench target zone. The well is operated by the Company’s joint venture partner, Condor Energy Technology LLC (“Condor”). Condor spudded the Logan 2H well on November 30, 2012 and drilled to 12,911 feet measured depth (6,112 true vertical foot depth) in nine days. The 6,350 foot lateral section was completed in 25 stages by Halliburton on January 21, 2013.
Condor’s first two horizontal wells in Weld County, Colorado, the FFT2H well completed in July 2012 and the Waves 1H well completed in February 2013, tested at initial production rates of 437 boepd and 588 boepd, respectively, from the Niobrara “B” Bench target zone.
Frank C. Ingriselli, the Company's President and CEO commented, "We are very pleased that our most recent Waves 1H and Logan 2H horizontal wells in the Niobrara have been successfully completed, were each under AFE budget and are now on production. We look forward to further execution of our 2013 development program and continuing to drive down our drilling and completion costs, optimize our completion operations, and maximize production and resource recovery."
For more information on the Company, please visit the Company's corporate website at www.pacificenergydevelopment.com
Recent PED News
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/23/2024 04:15:17 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 09/11/2024 09:38:08 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 09/11/2024 08:22:30 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 09/10/2024 08:50:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:52:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:52:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 08:40:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:30:29 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 07/12/2024 08:12:51 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/12/2024 08:07:03 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 07/12/2024 08:05:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:45:51 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:31:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 10:22:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 09:31:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 09:31:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 09:31:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/29/2024 09:31:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 09:30:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/25/2024 11:51:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/25/2024 11:44:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/25/2024 11:11:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/24/2024 02:03:38 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/24/2024 01:55:39 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM