---
title: "PEDEVCO buys 5,678 net Wyoming acres in BLM lease sale for USD 5.9 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299180265.md"
description: "PEDEVCO acquired 5,678 net acres in Wyoming via a BLM lease sale for USD 5.9 million, nearly doubling its Mowry Shale position to approximately 12,000 net acres. The purchase, funded by cash on hand, implies a cost of USD 1,045 per acre. The leases feature 10-year terms and a 12.5% royalty rate."
datetime: "2026-09-16T12:04:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299180265.md)
  - [en](https://longbridge.com/en/news/299180265.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299180265.md)
generator: "portal-rs"
---

# PEDEVCO buys 5,678 net Wyoming acres in BLM lease sale for USD 5.9 million

-   PEDEVCO bought 5,678 net acres in Wyoming in a BLM competitive lease sale, expanding its Mowry Shale position in the Powder River Basin. \* Total consideration was USD 5.9 million, implying USD 1,045 per net acre; purchase funded with cash on hand. \* Deal nearly doubles the company’s Mowry acreage in the prospect area to about 12,000 net acres. \* Leases carry 10-year terms with a 12.5% royalty rate, supporting a longer development window. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PEDEVCO Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609160800PRIMZONEFULLFEED9827823) on September 16, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**