Amplify Energy Sells Its East Texas Assets And Eliminates Most Of Its Debt

Core Insights - Amplify Energy (AMPY) has agreed to sell its East Texas assets for a total consideration of $127.5 million, which is considered a favorable price exceeding previous estimates [1]. Company Overview - Amplify Energy is involved in the energy sector and is currently focusing on value opportunities and distressed plays [1]. Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a top-rated analyst on TipRanks. He co-founded a mobile gaming company that was acquired by PENN Entertainment and has expertise in designing economic models for mobile apps [1].