Amplify Energy Announces Divestiture of East Texas Assets
Amplify Energy (NYSE: AMPY) announced transactions to fully exit its East Texas interests for a combined anticipated consideration of $127.5 million. A Haynesville monetization closed on Oct 24, 2025, generating net proceeds of $5.5 million, and a definitive agreement was signed to sell remaining Haynesville and Cotton Valley interests for $122.0 million subject to customary post-closing adjustments, expected to close by the end of Q4 2025.
The company says proceeds will be used to pay down debt, refocus capital on higher-upside assets, and materially reduce G&A costs after closing.
Amplify Energy (NYSE: AMPY) ha annunciato operazioni per uscire completamente dai suoi interessi nell'Est Texas per una controparte totale prevista di 127,5 milioni di dollari. Una monetizzazione di Haynesville è stata chiusa il 24 ottobre 2025, generando proventi netti di 5,5 milioni di dollari, e un accordo definitivo è stato firmato per vendere i restanti interessi in Haynesville e Cotton Valley per 122,0 milioni di dollari, soggetti a aggiustamenti post-closing abituali, previsto di chiudere entro la fine del quarto trimestre 2025.
La società afferma che i proventi saranno utilizzati per estinguere il debito, rifocalizzare il capitale su asset con maggiore potenziale e ridurre significativamente i costi G&A dopo la chiusura.
Amplify Energy (NYSE: AMPY) anunció transacciones para salir por completo de sus intereses en East Texas por una contraprestación total prevista de $127.5 millones. Una monetización de Haynesville se cerró el 24 de octubre de 2025, generando ingresos netos de $5.5 millones, y se firmó un acuerdo definitivo para vender los intereses restantes de Haynesville y Cotton Valley por $122.0 millones, sujeto a ajustes post-closing habituales, con cierre previsto para finales del cuarto trimestre de 2025.
La compañía dice que los ingresos se utilizarán para reducir la deuda, reenfocar el capital hacia activos con mayor potencial y reducir de manera sustancial los costos de G&A tras el cierre.
Amplify Energy (NYSE: AMPY)가 East Texas 지분에서 완전히 벗어나기 위한 거래를 발표했으며, 총 예상 대금은 $127.5 million입니다. Haynesville의 수익화가 2025년 10월 24일에 체결되어 순수익은 $5.5 million으로 발생했으며, 남은 Haynesville 및 Cotton Valley 지분을 $122.0 million에 매도하는 확정 계약이 서명되었고, 일반적인 종가 후 조정에 따라 2025년 4분기 말까지 종료될 예정입니다.
회사는 매각 대금을 부채 상환에 사용하고, 더 높은 상승 가능성이 있는 자산에 자본을 재집중하며, 종가 후 G&A 비용을 크게 줄일 것이라고 밝혔습니다.
Amplify Energy (NYSE: AMPY) a annoncé des transactions visant à se retirer complètement de ses intérêts en East Texas pour une contrepartie totale prévisionnelle de 127,5 millions de dollars. Une monetisation de Haynesville a été clôturée le 24 octobre 2025, générant des produits nets de 5,5 millions de dollars, et un accord définitif a été signé pour vendre les intérêts restants de Haynesville et Cotton Valley pour 122,0 millions de dollars, soumis à des ajustements post-clôture usuels, prévu de se clôturer d'ici la fin du quatrième trimestre 2025.
La société indique que les produits seront utilisés pour rembourser la dette, recentrer le capital sur des actifs à plus fort potentiel et réduire fortement les coûts G&A après la clôture.
Amplify Energy (NYSE: AMPY) hat Transaktionen angekündigt, um vollständig aus seinen East Texas-Beteiligungen auszusteigen, bei einer insgesamt erwarteten Gegenleistung von 127,5 Mio. USD. Eine Haynesville-Monetarisierung wurde am 24. Oktober 2025 abgeschlossen, wodurch Nettogewinne von 5,5 Mio. USD erzielt wurden, und es wurde eine endgültige Vereinbarung unterzeichnet, um die verbleibenden Haynesville- und Cotton Valley-Beteiligungen für 122,0 Mio. USD zu verkaufen, vorbehaltlich üblicher post-closing Anpassungen, voraussichtlich bis Ende des vierten Quartals 2025 abzuschließen.
Das Unternehmen sagt, dass die Erlöse verwendet werden, um Schulden zu tilgen, Kapital wieder auf Assets mit höherem Upside zu fokussieren und nach dem Abschluss die G&A-Kosten erheblich zu senken.
Amplify Energy (NYSE: AMPY) أعلنت عن صفقات للخروج الكامل من مصالحها في شرق تكساس مقابل إجمالي مقبوض قدره $127.5 مليون. أغلق استغلال Haynesville في 24 أكتوبر 2025 محقّقاً عوائد صافية قدرها $5.5 مليون, وتم توقيع اتفاق نهائي لبيع remaining Haynesville و Cotton Valley مقابل $122.0 مليون، مع قابلية التعديل ما بعد الإغلاق المعتاد، من المتوقع أن يكتمل بنهاية الربع الرابع من 2025.
تقول الشركة إن العوائد ستستخدم لسداد الدين، وإعادة تركيز رأس المال على أصول ذات احتمال عوائد أعلى، وخفض تكاليف G&A بشكل ملموس بعد الإغلاق.
Amplify Energy (NYSE: AMPY) 宣布了完全退出其东德克萨斯业务的交易，预期综合对价为1.275亿美元。一次 Haynesville 的变现于 2025 年 10 月 24 日完成，净收益为 550 万美元，并签署了最终协议，以 1.220 亿美元出售 Haynesville 与 Cotton Valley 的剩余权益，需经常规的交易后调整，预计在 2025 年第四季度末完成。
公司表示，所得将用于
- Combined consideration of $127.5 million
- Haynesville sale closed Oct 24, 2025 with $5.5 million net proceeds
- East Texas sale contract price of $122.0 million (expected close Q4 2025)
- Proceeds to be used to pay down debt and improve balance sheet
- Company expects to materially reduce G&A costs after closing
- East Texas sale price is subject to customary post-closing adjustments
- East Texas Transaction is expected to close by end of Q4 2025 (not yet closed)
Insights
Sale monetizes East Texas assets for
Amplify Energy sells remaining Haynesville and Cotton Valley interests for a combined expected consideration of
The transaction materially changes the company’s asset mix by fully exiting East Texas, concentrating capital on named assets labeled as higher upside. Key dependencies include the customary post-closing adjustments to the
Watch the actual post-closing cash received and reported debt reduction in the period immediately after the
HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) 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
- 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
$5.5 million . 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
$122.0 million , subject to customary post-closing adjustments. This transaction is expected to close by the end of the fourth quarter.
Together, these transactions (the “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.
Dan Furbee, Amplify’s Chief Executive Officer, stated, “This summer, we announced our strategic plan of simplifying the portfolio, enhancing liquidity and focusing our resources on unlocking significant value from our most promising areas. Consistent with that plan, we are pleased to announce the sale of our East Texas assets. Closing these transactions will significantly improve our balance sheet and allow us the opportunity to more rapidly pursue our upside opportunities at both Beta and Bairoil.”
Mr. Furbee continued, “I want to thank our talented and dedicated teams for the significant effort they have put forth on these transactions in addition to their continued commitment to safe and efficient operations.”
TenOaks Energy Advisors is serving as financial advisor to Amplify.
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in federal waters offshore Southern California (Beta), the Rockies (Bairoil), and Oklahoma. For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking statements. These statements address activities, events or developments that we expect or anticipate will or may occur in the future. These statements include, but are not limited to, statements about the expected timing of the East Texas Transaction, anticipated impact of the Transactions on the Company’s business and future financial and operating results, the expected use of proceeds of the Transactions, and the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks and uncertainties relating to, among other things: the ability to complete the East Texas Transaction on the anticipated terms and timetable; the possibility that various closing conditions for the East Texas Transaction may not be satisfied or waived; the Company’s evaluation and implementation of strategic alternatives; risks related to the redetermination of the borrowing base under the Company’s revolving credit facility; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs; the Company’s ability to access funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including the Russian invasion of Ukraine, and ongoing conflicts in the Middle East, trade wars and the potential destabilizing effect such conflicts may pose for the global oil and natural gas markets; expectations regarding general economic conditions, including inflation; and the impact of local, state and federal governmental regulations, including those related to climate change and hydraulic fracturing, and potential changes in these regulations. Please read the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/sec-filings/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Contacts
Jim Frew -- President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Vice President, Finance and Treasury
(832) 219-9051
michael.jordan@amplifyenergy.com
FAQ
What did Amplify Energy (AMPY) announce on October 29, 2025 about East Texas assets?
How much did Amplify receive from the Haynesville monetization closed Oct 24, 2025?
What is the contract price for Amplify's remaining Haynesville and Cotton Valley interests (AMPY)?
When does Amplify expect the East Texas transaction to close and what will proceeds be used for?
Will Amplify (AMPY) cut costs after the East Texas sale closes?
