Operator
Amplify Energy Corp.
37 articles mentioning Amplify Energy Corp. · Page 2 of 2
Amplify Slims Down 2020 Capex by 37%; IDs $29MM Front-Loaded Budget
Amplify Energy Corp. has lowered its 2020 capital expenditure budget by approximately $17 million or 37% compared to its prior plan. Now the company plans to spend $29 million, compared to $46 million originally planned. This...
Amplify Energy Details Fourth Quarter 2019 Results; 2020 Plans
Amplify Energy Corp. reported its operating and financial results for the fourth quarter 2019, update to its dividend program, year-end 2019 proved reserves and provided guidance for the first quarter and full year 2020. Key Highlights...
Amplify Energy Details Q3 2019 Results
Amplify Energy Corp. reported its Q3 2019 results. Key Amplify Third Quarter Operational Highlights During the third quarter this year we generated the following: Pro forma(1) daily production of 32.7 MBoe/d, in line with midpoint guidance...
Amplify Energy Details Q2 Results, Ops; Seals Merger Deal with Midstates
Amplify Energy Corp. detailed its operating and financial results for the second quarter 2019. Key Transaction Highlights and Events On August 2, 2019, Amplify's and Midstates Petroleum Company, Inc.'s ("Midstates") (NYSE: MPO) respective shareholders approved the...
Amplify Energy, Midstates Finalize Merger Deal; Talk 2019 Spending Outlook
Amplify Energy and Midstates Petroleum have finalized their all-stock merger deal. The agreement was initially announced back in early May 2019. Terms of the deal were not disclosed. Pro Forma Assets: Total position of ~218,000 net...
Amplify Spending 22% Less in 2019; Focus on Non-Op Eagle Ford, Austin Chalk
Amplify Energy has detailed its 2019 spending plan. 2019 Plans - 2019 Capex: $60 million (down -22% from $77MM for 2018) Bairoil Plant Expansion: $34 million Eagle Ford / Austin Chalk Ops: $12 million California Workovers:...
Amplify Suspends East TX Drilling as Results Fail to Impress
Amplify Energy reported its Q2 2018 results. Suspends 2018 East TX Drilling as Results 'Below Expectations' Since the start of the year Amplify has completed three wells drilled in 2017 and drilled and completed an additional...
Amplify Energy Hires Two New Execs
Amplify Energy reported that Polly Schott joined the Company as Chief Administrative Officer. In this role she will collaborate with Ken Mariani as President and CEO, the Board and the management team to define and execute...
Amplify Talks Disappointing Q1 Well Results; Begins Cotton Valley Drilling Program
Amplify Energy reported its Q1 2018 results. Highlights: Daily production of 174.0 MMcfe/d, in-line with quarterly guidance Generated net cash provided by operating activities of $42 million for the quarter, exceeding the midpoint of guidance of...
Amplify's Borrowing Base Sees Slight Reduction to $415MM
Amplify Energy has reported changes to its borrowing base agreement. Following the redetermination and including a $15 million reduction following the South Texas divestiture, the revised borrowing base will be $415 million effective immediately with scheduled...
Former EnerVest President Takes Helm of Amplify Energy
Amplify Energy has appointed Kenneth Mariani as its new President & CEO, effective May 15, 2018. About Mariani: Mr. Mariani most recently served as the President of EnerVest from January 2014 through December 2017. Prior to...
Amplify Reports Management Shakeup as CEO, COO and CFO
Amplify Energy's President & CEO William J. Scarff has announced his plan to retire effective May 17, 2018. Additionally, SVP/COO Christopher S. Cooper and SVP/CFO Robert L. Stillwell, Jr. departed the Company effective April 27, 2018....
Amplify IDs 2018 Budget, Guidance; Bets Bulk on Cotton Valley
Amplify Energy has detailed its 2018 capital budget and guidance. The company will be focusing its activities on its assets in the East Texas Haynesville Shale, Cotton Valley, Eagle Ford Shale and California.
Amplify Energy's Borrowing Base Set at $450MM
Amplify Energy's borrowing base has been revised borrowing base of $450 million beginning in November with scheduled monthly reductions of $2.5 million until the borrowing base reaches $437.5 million in April 2018.
Amplify Energy Initiates East TX Drilling Program in Q3; Brings 3 Wells Online
[Summary: Amplify Energy reported its Q3 results and highlights include: Average daily production in Q3 was 177.4 mmcfe/d, a 4% increase from the previous quarter Q3 spending was $25.4 million with 82% allocated to East Texas...
Amplify Restarts East TX Drilling in Q2; Plans to Market Eagle Ford Properties
Amplify reported its Q2 2017 results. Highlights include: - Engaged Jefferies LLC to evaluate strategic alternatives and launched process to divest non-core Eagle Ford and South Texas properties. Eagle Ford: Contiguous position of ~750 net leasehold...
Amplify Energy Accelerates East TX Cotton Valley Drilling; One Rig Running
The Company currently expects to run one rig in East Texas throughout the remainder of 2017...