Amplify Energy Sells East Texas Assets for $127.5 Million

Reuters10-29

Amplify Energy Sells East Texas Assets for $127.5 Million

Amplify Energy Corp. is exiting its East Texas operations through a series of transactions totaling $127.5 million. The company recently completed the sale of its remaining interest in certain Haynesville basin units in Harrison County, Texas, for $5.5 million, with the deal closing on October 24, 2025. Additionally, Amplify has entered into an agreement to sell its remaining Haynesville and Cotton Valley interests for $122 million, with this transaction expected to close by the end of the fourth quarter. According to Amplify, the proceeds from these sales will be used to pay down debt, improve the balance sheet, and allow the company to focus on its core assets while reducing general and administrative costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amplify Energy Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564183-en) on October 29, 2025, and is solely responsible for the information contained therein.

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