PEDEVCO Corp. announced its financial results for the second quarter ended June 30, 2025, reporting a notable decline in operational output. The company's average daily production for Q2 2025 was 1,517 barrels of oil equivalent per day (BOEPD).
This production figure represents a 25% decrease when compared to the 2,010 BOEPD produced in the second quarter of 2024. Liquids, including oil and natural gas liquids, comprised 86% of the total production volume in Q2 2025.
The significant reduction in average daily production is a key operational change that can impact the company's revenue generation and overall financial performance. Investors will be evaluating the factors contributing to this decrease and the company's strategies to address future production trends.
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