Amplify Energy Announces Divestiture of Oklahoma Assets
Amplify Energy (NYSE: AMPY) entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5 million, subject to customary post-closing adjustments. The Oklahoma Transaction is expected to close by the end of the fourth quarter of 2025 and represents a complete exit from the company’s Oklahoma interests.
Combined with earlier divestitures of East Texas and Eagle Ford assets, Amplify says these sales are part of a plan to simplify its portfolio, strengthen the balance sheet, and concentrate on higher-upside assets, with TenOaks Energy Advisors and Kirkland and Ellis advising on the Oklahoma sale.
Amplify Energy (NYSE: AMPY) ha stipulato un accordo definitivo per vendere tutte le sue partecipazioni in Oklahoma per un prezzo contrattuale totale di $92.5 million, soggetto a normali aggiustamenti post-chiusura. La Transazione Oklahoma è prevista chiudersi entro la fine del quarto trimestre del 2025 e rappresenta una uscita completa dalle attività dell'azienda in Oklahoma.
Combinando le cessioni precedenti degli asset East Texas e Eagle Ford, Amplify afferma che queste vendite fanno parte di un piano per semplificare il portafoglio, rafforzare il bilancio e concentrarsi su asset a maggiore potenziale, con TenOaks Energy Advisors e Kirkland & Ellis che assistono nella vendita dell'Oklahoma.
Amplify Energy (NYSE: AMPY) firmó un acuerdo definitivo para vender todas sus participaciones en Oklahoma por un precio contractual total de $92.5 million, sujeto a ajustes posteriores habituales. La Transacción de Oklahoma se espera que se cierre para fines del cuarto trimestre de 2025 y representa una salida total de las participaciones de la empresa en Oklahoma.
Combinado con las desinversiones anteriores de activos en East Texas y Eagle Ford, Amplify afirma que estas ventas forman parte de un plan para simplificar su portafolio, fortalecer el balance y concentrarse en activos con mayor potencial, con TenOaks Energy Advisors y Kirkland & Ellis asesorando en la venta de Oklahoma.
Amplify Energy (NYSE: AMPY)는 오클라호마에서 모든 지분을 매각하기로 하는 정의 계약을 체결했고, 총 계약 가격은 $92.5 million이며, 일반적인 종결 후 조정에 따릅니다. 오클라호마 거래는 2025년 4분기 말까지 마감될 것으로 예상되며, 회사의 오클라호마 지분에 대한 완전한 퇴출을 의미합니다.
East Texas 및 Eagle Ford 자산의 이전 매각과 결합하여, Amplify는 이러한 매각이 포트폴리오를 단순화하고 대차대조표를 강화하며 더 큰 상승 여력이 있는 자산에 집중하기 위한 계획의 일부라고 말합니다. 이 거래에서 TenOaks Energy Advisors와 Kirkland & Ellis가 오클라호마 매각에 자문했습니다.
Amplify Energy (NYSE: AMPY) a conclu un accord définitif pour vendre toutes ses participations en Oklahoma pour un prix total contractuel de $92.5 million, sous réserve des ajustements post-clôture habituels. La Transaction Oklahoma devrait être finalisée d'ici la fin du quatrième trimestre 2025 et représente une sortie complète des activités de la société en Oklahoma.
Associées aux cessions antérieures des actifs East Texas et Eagle Ford, Amplify indique que ces ventes font partie d'un plan visant à simplifier son portefeuille, à renforcer le bilan et à se concentrer sur des actifs à plus fort potentiel, avec TenOaks Energy Advisors et Kirkland & Ellis qui conseillent sur la vente de l'Oklahoma.
Amplify Energy (NYSE: AMPY) hat eine endgültige Vereinbarung getroffen, alle Anteile in Oklahoma zu verkaufen, zu einem Gesamtkaufpreis von $92.5 million, vorbehaltlich üblicher post-closing Anpassungen. Die Oklahoma-Transaktion wird voraussichtlich bis Ende des vierten Quartals 2025 abgeschlossen sein und bedeutet einen vollständigen Ausstieg aus den Oklahoma-Engagements des Unternehmens.
In Verbindung mit früheren Veräußerungen von East Texas- und Eagle Ford-Assets sagt Amplify, dass diese Verkäufe Teil eines Plans seien, das Portfolio zu straffen, die Bilanz zu stärken und sich auf risikoorientiertere Assets zu konzentrieren, wobei TenOaks Energy Advisors und Kirkland & Ellis bei dem Oklahoma-Verkauf beraten.
Amplify Energy (NYSE: AMPY) دخلت في اتفاق نهائي لبيع جميع حصصها في أوكلاهوما مقابل سعر عقد إجمالي قدره $92.5 million، مع اعتماد تعديلات تقليدية بعد الإغلاق. من المتوقع أن تُغلق صفقة أوكلاهوما بنهاية الربع الرابع من 2025 وتمثل خروجاً كاملاً من مصالح الشركة في أوكلاهوما.
بالاشتراك مع تفكيك أصول East Texas و Eagle Ford في وقت سابق، تقول Amplify أن هذه المبيعات جزء من خطة لتبسيط محفظتها، تعزيز الميزانية العمومية، والتركيز على أصول ذات عوائد أعلى، مع تقديم TenOaks Energy Advisors وKirkland & Ellis الاستشاريين في بيع أوكلاهوما.
- Definitive sale agreement for Oklahoma assets at $92.5M
- Transaction expected to close by end of Q4 2025
- Complete exit from Oklahoma simplifies the company portfolio
- Company cites proceeds to strengthen the balance sheet
- Complete exit from Oklahoma reduces geographic diversification
- Sale proceeds subject to customary post-closing adjustments
HOUSTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of
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.”
On the Oklahoma transaction, TenOaks Energy Advisors is serving as financial advisor to Amplify while Kirkland and Ellis is serving as Amplify’s legal advisor.
About Amplify Energy
Amplify Energy Corp. is an independent oil company engaged in the acquisition, development, exploitation, and production of oil properties. Amplify’s operations are focused in federal waters offshore Southern California (Beta), and the Rockies (Bairoil). 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 and Oklahoma transactions (the “Asset Transactions”), anticipated impact of the Asset Transactions on the Company’s business and future financial and operating results 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 Asset Transactions on the anticipated terms and timetable; the possibility that various closing conditions for the Asset Transactions 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 November 5, 2025 about Oklahoma assets?
How will the $92.5 million Oklahoma sale affect Amplify Energy's balance sheet?
When will the Amplify (AMPY) Oklahoma Transaction close?
Is Amplify fully exiting Oklahoma with the November 5, 2025 sale?
Who is advising Amplify on the Oklahoma divestiture announced November 5, 2025?
