Amplify Energy Update on Southern California Oil Sheen

Core Viewpoint - Amplify Energy Corp. is actively monitoring an oil sheen reported off the coast of Huntington Beach, California, and maintains confidence that it is not related to the company's operations [1]. Group 1: Incident Updates - The company reported a minor discharge of produced water from Platform Elly on March 8, 2024, but the U.S. Coast Guard stated that the characteristics of this discharge do not match those of the sheen observed [1]. - Following a March 10 overflight, the Coast Guard indicated that no sheen was observed offshore, leading to the demobilization of offshore recovery assets [1]. - Operations and development programs in Amplify's Beta field remain unaffected by the incident [1]. Group 2: 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 [3]. - The company's operations are concentrated in several regions, including Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas/North Louisiana, and the Eagle Ford (Non-op) [3].