AMPY News & Events

Amplify Energy announced it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5M, subject to customary post-closing adjustments. The Oklahoma Transaction is expected to close by the end of the fourth quarter of 2025 and will represent a complete exit from the company's interests in Oklahoma. In combination with the previously announced divestitures of our East Texas and Eagle Ford assets, the company is making significant progress on the company's previously announced plan of simplifying its portfolio, strengthening its balance sheet, and focusing on its highest upside assets. Dan Furbee, Amplify's Chief Executive Officer, stated, "This summer, the organization committed to a new strategic direction. Divesting our Oklahoma assets, in addition to selling our East Texas and Eagle Ford assets, demonstrates our commitment to seeing that plan through. Upon closing these transactions in the fourth quarter, Amplify will be extremely well positioned to create significant upside value at both Beta and Bairoil."

Amplify Energy announced a series of transactions that will result in a complete exit from its interests in East Texas, for a total anticipated combined consideration of $127.5M: Haynesville Monetization Transaction: Amplify has sold its remaining interest in certain units with rights in the Haynesville basin, located in Harrison County, Texas, generating net proceeds of $5.5M. This transaction closed on October 24, 2025. East Texas Transaction: Amplify has entered into a definitive agreement to sell its remaining Haynesville and Cotton Valley interests for a contract price of $122M, subject to customary post-closing adjustments. This transaction is expected to close by the end of the fourth quarter.Together, these transactions represent a full monetization of Amplify's Haynesville and Cotton Valley interests. The divestiture of Amplify's East Texas assets is an important step in the company's previously announced strategic plan to simplify its portfolio. The proceeds from the Transactions will be used to pay down debt. With an improved balance sheet, the company intends to focus its resources on its highest upside assets. Furthermore, after closing the East Texas Transaction, Amplify expects to materially reduce G&A costs.