Amplify Energy Announces Successful Borrowing Base Redetermination

Core Points - Amplify Energy Corp. has completed its semi-annual borrowing base redetermination, affirming the borrowing base at $145 million [1][2] - The next borrowing base redetermination is expected in the fourth quarter of 2025 [1] - The CEO expressed gratitude to lenders for reaffirming the borrowing base despite commodity price volatility [2] - The company aims to generate free cash flow and manage liquidity through strong hedge positions and cost reduction efforts [2] - Amplify Energy is focused on portfolio optimization opportunities to accelerate its development program at Beta [2] Company Overview - Amplify Energy Corp. is an independent oil and natural gas company involved in the acquisition, development, exploitation, and production of oil and natural gas properties [3] - The company's operations are concentrated in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and the Eagle Ford (Non-op) [3]