PEDEVCO acquires 5,678 net acres in Wyoming BLM lease sale for $5.9 million
PEDEVCO said it was the high bidder on multiple tracts in a Bureau of Land Management lease sale held September 9-10, 2026, acquiring about 5,678 net acres in Wyoming for about $5.9 million, or $1,045 per net acre, funded with cash on hand. The company says the acreage expands its Mowry formation position in the Powder River Basin to about 12,000 net acres in that prospect area, but the filing notes prospective acreage does not constitute proved reserves.
Key points
- Acquired about 5,678 net acres in Wyoming for about $5.9 million, or $1,045 per net acre, in the BLM sale held September 9-10, 2026.
- Acquisition was funded through cash on hand.
- Leases carry ten-year terms and a 12.5% royalty rate, allowing the company to retain an 87.5% net revenue interest.
- Company's Mowry acreage in the prospect area nearly doubles to about 12,000 net acres.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.