Curated News
By: NewsRamp Editorial Staff
November 03, 2025
PEDEVCO Completes Transformative Merger to Become Premier Rockies Operator
TLDR
- PEDEVCO's merger with Juniper creates a premier Rockies operator with significant oil production and extensive drilling inventory, positioning for strategic consolidation and shareholder value growth.
- PEDEVCO issued convertible preferred shares and refinanced debt to merge with Juniper's portfolio companies, creating a combined entity with $87 million debt and $10 million cash.
- This merger strengthens energy production capabilities in the Rockies region while maintaining a conservative capital structure and creating opportunities for regional economic development.
- The transformed PEDEVCO now operates over 328,000 net acres with 32 wells scheduled for completion, creating one of the largest Rockies-focused public energy companies.
Impact - Why it Matters
This merger creates a significant new player in the U.S. energy landscape, particularly in the Rockies region that has been gaining attention as an attractive alternative to more crowded basins like the Permian. The combination positions PEDEVCO as a substantial publicly-traded operator with extensive oil-weighted assets at a time when domestic energy production remains crucial for both economic stability and energy security. For investors, this represents a major consolidation opportunity in a region with strong well economics and decades of drilling inventory, potentially offering better returns than more developed basins. The transaction also signals continued private equity interest and investment in the energy sector, particularly in regions with untapped potential and favorable operating conditions.
Summary
PEDEVCO Corp. has completed a transformative merger with portfolio companies controlled by Juniper Capital Advisors, creating a premier publicly-traded Rockies-focused energy operator. The transaction involved PEDEVCO issuing 10,650,000 Series A Convertible Preferred shares to Juniper, convertible into 106.5 million common shares, while simultaneously refinancing the portfolio companies' debt and closing a $35 million private placement. Upon conversion, Juniper and its affiliates will own approximately 53% of the combined entity, which now boasts over 6,500 BOEPD of current production (over 80% oil) and more than 328,000 net acres across the Northern DJ Basin and Powder River Basin.
Key leadership changes include J. Douglas Schick remaining as President and CEO, while Juniper's Josh Schmidt joined the Board alongside new independent directors. The combined company brings substantial operational strength with thirty-two wells scheduled for completion in Q4 2025 and early Q1 2026, positioning PEDEVCO for significant organic growth. The transaction transforms PEDEVCO into a low-cost operator with extensive drilling inventory spanning well over a decade, supported by a $250 million reserve-based lending facility with Citibank that was increased from $20 million to $120 million at closing.
Both companies emphasized the strategic importance of this merger in creating a leading oil and gas company in the Rockies region. J. Douglas Schick described the move as positioning PEDEVCO to accelerate consolidation and growth strategy in the Rockies, while Juniper's Edward Geiser highlighted the region's strong well-level economics and extensive remaining drilling inventory. The combined entity maintains a conservative capital structure with approximately $87 million in total debt and $10 million in cash, positioning it for both organic growth and strategic consolidation opportunities while focusing on increasing shareholder value. More information about PEDEVCO can be found at www.pedevco.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, PEDEVCO Completes Transformative Merger to Become Premier Rockies Operator
