Amplify Energy Closes $92.5 Million Sale of Oklahoma Assets

Reuters2025-12-30

Amplify Energy Closes $92.5 Million Sale of Oklahoma Assets

Amplify Energy Corp. has completed the sale of its interests in Oklahoma for a contract price of $92.5 million, subject to customary post-closing adjustments. The company has used the proceeds from its East Texas and Oklahoma divestitures to eliminate all debt outstanding under its current revolving credit facility, which is being amended for the pro-forma company. With these transactions finalized, Amplify Energy plans to focus its resources on its highest upside assets and expects to materially reduce general and administrative costs. The company believes it is well positioned to create significant value at both its Beta and Bairoil operations.

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: GNW9617877-en) on December 29, 2025, and is solely responsible for the information contained therein.

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