Amplify Energy and Juniper Capital Announce Termination of Merger Agreement

Core Points - Amplify Energy Corp. and Juniper Capital Advisors have mutually agreed to terminate their previously announced merger agreement due to market volatility, with Juniper receiving a cash payment of $800,000 instead of a termination fee [1] - Following the termination, Amplify has canceled its special meeting of stockholders and withdrawn proposals from consideration that were previously filed with the SEC [2] - The company plans to provide an update on its business state, including capital allocation and free cash flow outlook, during its first quarter earnings announcement and will continue to explore strategic alternatives to maximize shareholder value [3] Company Overview - Amplify Energy Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation, and production of oil and natural gas properties, with operations in Oklahoma, the Rockies, offshore Southern California, East Texas/North Louisiana, and the Eagle Ford [4]