CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Oil and gas sales	$ 10,910	$ 9,547	$ 19,074	$ 16,637
Operating expenses:
Lease operating costs	2,809	2,802	5,275	5,158
Selling, general and administrative expense	1,332	1,296	2,820	2,888
Depreciation, depletion, amortization and accretion	3,235	2,228	5,816	4,114
Total operating expenses	7,376	6,326	13,911	12,160
Operating income	3,534	3,221	5,163	4,477
Interest income	86	4	184	7
Other income (expense)	0	(15)	35	65
Total other income (expense)	86	(11)	219	72
Net income	$ 3,620	$ 3,210	$ 5,382	$ 4,549
Basic	$ 0.04	$ 0.04	$ 0.06	$ 0.05
Diluted	$ 0.04	$ 0.04	$ 0.06	$ 0.05
Weighted average number of common shares outstanding:
Basic	87,040,267	85,479,421	86,881,427	85,305,583
Diluted	87,040,267	85,479,421	86,881,427	85,305,583

No definition available.

Name:	ped_OilAndGasSales
Namespace Prefix:	ped_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1