Amplify Energy Corp. (Amplify Energy) operates as an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.
The company’s business activities are conducted through Amplify Energy Operating LLC (OLLC), its wholly owned subsidiary, and its wholly owned subsidiaries. The company’s assets primarily consist of producing oil and natural gas properties located in Oklahoma, the Rockies (Bairoil), federal waters off...
Amplify Energy Corp. (Amplify Energy) operates as an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties.
The company’s business activities are conducted through Amplify Energy Operating LLC (OLLC), its wholly owned subsidiary, and its wholly owned subsidiaries. The company’s assets primarily consist of producing oil and natural gas properties located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and Eagle Ford (Non-op). Most of the company’s oil and natural gas properties are located in large, mature oil and natural gas reservoirs.
The company’s properties primarily consist of operated and non-operated working interests in producing and undeveloped leasehold acreage and working interests in identified producing wells.
Recent Developments
East Texas Haynesville Monetization
In December 2024, the company sold certain rights, title and interest in assets located in East Texas to a third party.
In January 2025, the company purchased and sold certain rights, title and interest in assets in East Texas from a third party.
Areas of Operation
Oklahoma
The company’s Oklahoma properties include wells and properties primarily located in Alfalfa and Woods counties in Oklahoma.
Bairoil
The company’s Rockies properties include wells and properties primarily located in the Lost Soldier and Wertz fields in Wyoming at its Bairoil complex.
Beta
The company’s ownership in Beta consists of 100% of the working interests and 75.2% average net revenue interest in three Pacific Outer Continental Shelf lease blocks (P-0300, P-0301 and P-0306) (referred to as the Beta Unit) in the Beta field. Oil and gas are produced from the Beta Unit via two production platforms, referred to as the Ellen and Eureka platforms, equipped with permanent drilling rigs and associated equipment.
East Texas / North Louisiana
The company’s East Texas/ North Louisiana properties include wells and properties primarily located in the Joaquin, Carthage, Willow Springs and East Henderson fields in East Texas.
Eagle Ford
The company’s Eagle Ford properties include wells and properties in fields located primarily in the Eagleville fields.
Marketing and Major Customers
The company’s customers include Phillips 66; HF Sinclair Corporation; and Southwest Energy LP.
Seasonal Nature of Business
The price the company receives for its natural gas production is impacted by seasonal fluctuations in demand for natural gas. The demand for natural gas typically peaks during the coldest months and tapers off during the milder months, with a slight increase during the summer to meet the demands of electric generators.
Regulations
The company’s oil and gas operations associated with its Beta Properties are conducted on offshore leases in federal waters and those operations are regulated by agencies, such as the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE), which have broad authority to regulate its oil and gas operations associated with its Beta Properties.
In addition to permits and approvals required by BOEM and BSEE, approvals and permits may be required from other agencies for the oil and gas operations associated with its Beta properties, such as the U.S. Coast Guard, the EPA, the U.S. Department of Transportation, the U.S. Army Corps of Engineers, and the South Coast Air Quality Management District.
The company also generates solid wastes, including hazardous wastes, which are subject to the requirements of the Resource Conservation and Recovery Act, as amended (RCRA), and comparable state statutes.
The company is subject to the requirements of the federal Occupational Safety and Health Act (OSHA) and comparable state laws that regulate the protection of the health and safety of employees.
The Beta properties include the San Pedro Bay Pipeline company, which owns and operates an offshore crude oil pipeline. This pipeline is subject to regulation by the FERC under the Interstate Commerce Act and the Energy Policy Act of 1992. Oil and natural gas exploration and production activities on federal lands are subject to National Environmental Policy Act (NEPA).
The company also generates solid wastes, including hazardous wastes, which are subject to the requirements of the Resource Conservation and Recovery Act, as amended (RCRA), and comparable state statutes.
The federal Clean Air Act, as amended (CAA), and comparable state laws restrict the emission of air pollutants from many sources, including compressor stations, through the issuance of permits and the imposition of other requirements. The South Coast Air Quality Management District (SCAQMD) is a regulatory subdivision of the state of California and is responsible for air pollution control from stationary sources within Orange County and designated portions of Los Angeles, Riverside, and San Bernardino counties. The company’s Beta properties and associated facilities are subject to regulation by the SCAQMD.
The company’s sales of oil and natural gas are also subject to anti-manipulation and anti-disruptive practices authority under (i) the Commodity Exchange Act (the CEA), as amended by the Dodd-Frank Act, and regulations promulgated thereunder by the CFTC; and (ii) the Energy Independence and Security Act of 2007 (the EISA) and regulations promulgated thereunder by the FTC.
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