Amplify Energy Announces Sale of Non-Operated Eagle Ford Assets
Amplify Energy (NYSE:AMPY) has announced the sale of its non-operated Eagle Ford assets to Murphy Exploration & Production Company -- USA for $23 million. The transaction closed on July 1, 2025, with an effective date of June 15, 2025.
The company plans to use the net proceeds to reduce debt and enhance liquidity. With the improved balance sheet, Amplify is considering reinstating previously deferred high-return Beta development wells in 2025. The company will provide updated full-year 2025 guidance alongside its second quarter results.
According to CEO Martyn Willsher, this divestment represents a strategic move to transform Amplify Energy into a more streamlined and focused enterprise, with the proceeds being reinvested in Beta development wells to enhance shareholder value.
Amplify Energy (NYSE:AMPY) ha annunciato la vendita dei suoi asset non operativi Eagle Ford a Murphy Exploration & Production Company -- USA per 23 milioni di dollari. La transazione si è conclusa il 1° luglio 2025, con data effettiva al 15 giugno 2025.
L'azienda prevede di utilizzare i proventi netti per ridurre il debito e migliorare la liquidità. Con un bilancio rafforzato, Amplify sta valutando la possibilità di riprendere i pozzi di sviluppo Beta ad alto rendimento, precedentemente rinviati, nel 2025. L'azienda fornirà aggiornamenti sulle previsioni per l'intero 2025 insieme ai risultati del secondo trimestre.
Secondo il CEO Martyn Willsher, questa cessione rappresenta una mossa strategica per trasformare Amplify Energy in un'impresa più snella e focalizzata, reinvestendo i proventi nei pozzi di sviluppo Beta per aumentare il valore per gli azionisti.
Amplify Energy (NYSE:AMPY) ha anunciado la venta de sus activos no operativos Eagle Ford a Murphy Exploration & Production Company -- USA por 23 millones de dólares. La transacción se cerró el 1 de julio de 2025, con fecha efectiva del 15 de junio de 2025.
La compañía planea usar los ingresos netos para reducir deuda y mejorar la liquidez. Con un balance mejorado, Amplify está considerando reanudar los pozos de desarrollo Beta de alto rendimiento previamente aplazados en 2025. La empresa proporcionará una actualización de las previsiones para todo el año 2025 junto con los resultados del segundo trimestre.
Según el CEO Martyn Willsher, esta desinversión representa un movimiento estratégico para transformar Amplify Energy en una empresa más ágil y enfocada, reinvirtiendo los ingresos en los pozos de desarrollo Beta para aumentar el valor para los accionistas.
Amplify Energy (NYSE:AMPY)는 비운영 중인 Eagle Ford 자산을 Murphy Exploration & Production Company -- USA에 2,300만 달러에 매각했다고 발표했습니다. 거래는 2025년 7월 1일에 완료되었으며, 효력 발생일은 2025년 6월 15일입니다.
회사는 순수익을 부채 상환과 유동성 강화에 사용할 계획입니다. 재무 상태가 개선됨에 따라 Amplify는 2025년에 이전에 연기된 고수익 Beta 개발 유정을 재개하는 것을 고려하고 있습니다. 회사는 2분기 실적과 함께 2025년 전체 가이던스를 업데이트할 예정입니다.
CEO Martyn Willsher에 따르면, 이번 자산 매각은 Amplify Energy를 보다 간소화되고 집중된 기업으로 전환하기 위한 전략적 조치이며, 수익금은 주주 가치를 높이기 위해 Beta 개발 유정에 재투자될 것이라고 합니다.
Amplify Energy (NYSE:AMPY) a annoncé la vente de ses actifs non exploités Eagle Ford à Murphy Exploration & Production Company -- USA pour 23 millions de dollars. La transaction a été finalisée le 1er juillet 2025, avec une date d'effet au 15 juin 2025.
La société prévoit d'utiliser le produit net pour réduire sa dette et améliorer sa liquidité. Avec un bilan renforcé, Amplify envisage de relancer en 2025 les puits de développement Beta à haut rendement précédemment différés. La société fournira des prévisions mises à jour pour l'ensemble de l'année 2025 en même temps que ses résultats du deuxième trimestre.
Selon le PDG Martyn Willsher, cette cession représente une démarche stratégique visant à transformer Amplify Energy en une entreprise plus agile et ciblée, les fonds étant réinvestis dans les puits de développement Beta pour accroître la valeur pour les actionnaires.
Amplify Energy (NYSE:AMPY) hat den Verkauf seiner nicht betriebenen Eagle Ford-Anlagen an Murphy Exploration & Production Company -- USA für 23 Millionen US-Dollar bekannt gegeben. Die Transaktion wurde am 1. Juli 2025 abgeschlossen, mit einem Wirksamkeitsdatum zum 15. Juni 2025.
Das Unternehmen plant, die Nettoerlöse zur Schuldenreduzierung und zur Verbesserung der Liquidität zu verwenden. Mit der verbesserten Bilanz erwägt Amplify, die zuvor aufgeschobenen Beta-Entwicklungsbohrungen mit hoher Rendite im Jahr 2025 wieder aufzunehmen. Das Unternehmen wird zusammen mit den Ergebnissen des zweiten Quartals aktualisierte Prognosen für das Gesamtjahr 2025 vorlegen.
Nach Angaben von CEO Martyn Willsher stellt dieser Verkauf einen strategischen Schritt dar, um Amplify Energy in ein schlankeres und fokussierteres Unternehmen zu verwandeln, wobei die Erlöse in Beta-Entwicklungsbohrungen reinvestiert werden, um den Aktionärswert zu steigern.
- Sale of non-operated Eagle Ford assets for $23 million
- Proceeds will be used to reduce debt and improve liquidity
- Plans to reinstate high-return Beta development wells
- Strategic transformation towards a more focused enterprise
- Reduction in proved reserves through asset divestment
HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today it entered into a definitive agreement to sell all of its non-operated working interest in its Eagle Ford assets to Murphy Exploration & Production Company -- USA for a contract price of
The net proceeds from the sale will be used to pay down debt which will enhance the Company’s liquidity. With an improved balance sheet, Amplify is considering adding back high-return Beta development wells in 2025 that it had previously deferred in May. The Company expects to provide updated full-year 2025 guidance at the time it provides second quarter operating and financial results.
Martyn Willsher, Amplify’s President and Chief Executive Officer stated, “The sale of our non-operated Eagle Ford assets is an important step forward in the transformation of Amplify Energy to a more streamlined and focused enterprise. We believe monetizing proved reserves and reinvesting those proceeds in high-return development wells at Beta will be value enhancing to our shareholders.”
Mr. Willsher continued, “Reducing debt and accelerating Beta development are core tenets of our go-forward strategy. This deal is consistent with both of these objectives, and we believe we are receiving fair value for the divested assets. We will continue to look for other opportunities that align with our strategic intent.”
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 Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana. 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 anticipated impact of this proposed sale of assets on the Company’s business and future financial and operating results, the expected use of proceeds of this sale of assets, 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 this proposed sale of assets on the anticipated terms and timetable; the possibility that various closing conditions for this proposed sale of assets 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 -- Senior Vice President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Director, Finance and Treasurer
(832) 219-9051
michael.jordan@amplifyenergy.com
FAQ
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