PEDEVCO Merges with Juniper Portfolio Companies in Strategic Rockies Expansion

PEDEVCO Corp. (NYSE American: PED) has completed a strategic merger with oil-weighted portfolio companies controlled by Juniper Capital Advisors, marking a significant expansion of the company's presence in key Rocky Mountain energy basins. The transaction adds substantial assets in both the DJ Basin and Powder River Basin regions while providing enhanced financial stability through a concurrent $35 million private placement.

The merger structure includes the issuance of 10.65 million Series A Convertible Preferred Shares to Juniper Capital Advisors and its affiliates. Upon conversion of these preferred shares, Juniper and its affiliates will own approximately 53 percent of the combined company, creating a substantial ownership stake that aligns the investment firm's interests with the long-term success of the expanded entity. The transaction also includes the refinancing of existing obligations, positioning the combined company with approximately $87 million in debt and $10 million in cash as it pursues a consolidation-focused growth strategy in the Rockies region.

This strategic move represents a significant shift in PEDEVCO's operational footprint and financial structure. The addition of Juniper's portfolio companies brings substantial oil-weighted assets that complement PEDEVCO's existing operations in the D-J Basin, located in Weld and Morgan Counties, Colorado and Southeastern Wyoming, and its San Andres Asset in the Northwest Shelf of the Permian Basin in eastern New Mexico. More information about PEDEVCO's operations can be found at https://www.pedevco.com/.

The financial implications of this merger extend beyond the immediate capital infusion. The $35 million private placement provides working capital to accelerate development of the newly acquired assets while the debt restructuring creates a more sustainable financial foundation for long-term growth. Roth Capital Partners served as financial advisor to PEDEVCO throughout the transaction process, bringing specialized expertise in energy sector mergers and acquisitions.

For the broader energy industry, this transaction signals continued consolidation activity in the Rockies region, where operators are seeking scale and operational efficiencies amid evolving market conditions. The combination of PEDEVCO's existing assets with Juniper's portfolio companies creates a more substantial operator with enhanced capacity to compete in the competitive energy landscape. The full details of the transaction are available at https://ibn.fm/wH6Mu.

The strategic rationale behind this merger centers on creating a platform for accelerated growth through consolidation. By combining assets and operational expertise, the merged entity can leverage economies of scale, optimize development programs, and potentially achieve better capital efficiency in its drilling and completion operations. The involvement of Juniper Capital Advisors as a major shareholder also brings additional financial and strategic advisory support that could prove valuable in navigating the complex energy market environment.

This transaction occurs against a backdrop of ongoing transformation in the U.S. energy sector, where operators are increasingly focused on strategic combinations that enhance operational scale and financial resilience. The Rockies region has emerged as a key area for such consolidation activity, given its substantial resource potential and evolving infrastructure landscape. The merger positions PEDEVCO to potentially capitalize on these regional dynamics while maintaining its Houston, Texas headquarters as the central operational base.