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Amplify Energy Corporation

Company Summary

Description

Memorial Production Partners emerged from Chapter 11 proceedings as a new corporation named Amplify Energy Corporation. Amplify emerged with 273,000 net acres in East Texas/Louisiana, the Rockies, South Texas and offshore California and 205.5 MMcfe/d in net production. Amplify the company from an upstream MLP to a growth oriented E&P Company. Amplify exited with $72 million in liquidity and $430 million in total debt.

Website

http://www.amplifyenergy.com/

Operational Regions

  • Rockies
  • Eagle Ford
  • East Texas/Louisiana
  • Offshore California
  • West
  • South Central

Financial Data:

NASDAQ:MEMP from Google Finance

Tickers:

  • MEMP - NASDAQ

Related Entities

Recent news

  • 10/13/2021 - Amplify Energy &... (subscriber access)
  • 10/6/2021 - Anchor Strike Likely... (subscriber access)
  • 10/4/2021 - Amplify Energy Shuts... (subscriber access)
  • 7/13/2021 - Amplify Energy Regains... (subscriber access)
  • 12/16/2020 - Amplify Energy Closes on... (subscriber access)

Investor Presentations

  • September 2019 Presentation
  • November 2018 Hedge Update (subscriber access)
  • August 2018 Hedge Update (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Commodity Hedging Overview - March 7, 2018 (subscriber access)
  • November 2017 Supplemental Presentation – Commodity Hedging Overview (subscriber access)
  • August 2017 Supplemental Presentation – 2017 Guidance (subscriber access)
  • August 2017 Supplemental Presentation – Commodity Hedging Overview (subscriber access)
  • July 2017 Emergence Presentation (subscriber access)
  • November 2016 Hedging Presentation (subscriber access)
  • 2Q16 Guidance Update (subscriber access)
  • 2Q16 Hedging Overview (subscriber access)

Company Transactions

Date: 8/5/2019
Type: Merger

NOTES:
Midstates Petroleum and Amplify Energy have signed a merger agreement which will be an all-stock merger-of-equals. Under the deal, Amplify shareholders will receive 0.933 shares of Midstates common stock for each share held.
REGIONS:
  • Mississippi Lime
  • Rockies
  • Offshore California
  • East Texas/Louisiana
  • South Texas
  • Date: 5/31/2018
    Type: Acquisition

    DETAILS:

    COST: 20 $MM

    VOLUMES: 16 Mmcfe/d

    ACRES: 98000 Acres

    NOTES:
    Net proceeds will be used to reduce borrowings on the revolving credit facility and the sale reduced future abandonment liabilities.
    REGIONS:
  • Eagle Ford
  • Austin Chalk
  • Date: 7/15/2016
    Type: Acquisition

    DETAILS:

    COST: 37.2 $MM

    VOLUMES: 7.3 Mmcfe/d

    NOTES:
    Divestiture of non-core assets in the Permian
    REGIONS:
  • Permian Basin
  • Date: 6/20/2016
    Type: Acquisition

    DETAILS:

    COST: 18.1 $MM

    VOLUMES: 10.6 Mmcfe/d

    REGIONS:
  • Niobrara Basin