Amplify Energy Announces Divestiture of Oklahoma Assets

Core Points - Amplify Energy Corp. has entered into a definitive agreement to sell all its interests in Oklahoma for a total contract price of $92.5 million, expected to close by the end of Q4 2025, marking a complete exit from Oklahoma [1] - The sale is part of a broader strategy to simplify the company's portfolio, strengthen its balance sheet, and focus on high-upside assets, following previous divestitures in East Texas and Eagle Ford [2][3] - The CEO emphasized that these divestitures align with the company's new strategic direction and will position Amplify to create significant upside value at its remaining assets, Beta and Bairoil [3] Company Overview - Amplify Energy Corp. is an independent oil company focused on the acquisition, development, exploitation, and production of oil properties, primarily in federal waters offshore Southern California and the Rockies [4]