Amplify Energy Completes $127.5M Exit From East Texas Assets to Reduce Debt

Amplify Energy Corp. has announced a strategic exit from its East Texas assets through two key transactions totaling approximately $127.5 million. The company sold its remaining interest in certain units in the Haynesville basin for $5.5 million, a deal that closed on October 24, 2025, and entered into an agreement to sell its remaining Haynesville and Cotton Valley interests for $122 million, expected to close by the end of Q4. These transactions represent a full monetization of Amplify's interests in these areas and align with the company's plan to simplify its portfolio and improve liquidity. The proceeds are intended to pay down debt, strengthen the balance sheet, and allow Amplify to focus on higher upside assets, with expectations to materially reduce general and administrative costs post-closing. CEO Dan Furbee emphasized that the divestiture will enable the company to more rapidly pursue opportunities in other promising areas such as Beta and Bairoil. Despite these moves, Amplify's stock has declined 27.8% year-to-date up to the last close.