Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company operates as a single reportable segment, focusing on producing oil, natural gas, and natural gas liquids (NGLs) from its assets located in Oklahoma, the Rockies, offshore Southern California, East Texas/North Louisiana, and the Eagle Ford. Amplify Energy generates revenue through the sale of these energy products.
- Oil - Extracts and sells crude oil, which serves as the primary contributor to the company's revenue and is produced from its various properties across the United States.
- Natural Gas - Produces and markets natural gas, a significant energy source derived from its developed and undeveloped leasehold acreage.
- Natural Gas Liquids (NGLs) - Extracts and sells NGLs, which are by-products of natural gas processing and include components like propane and butane.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Martyn Willsher ExecutiveBoard | President and Chief Executive Officer | Martyn Willsher is the President, Chief Executive Officer, and Director at AMPY since January 2021 after serving as Interim CEO starting in April 2020. He previously served as Senior Vice President and Chief Financial Officer from April 2018 to January 2021, and has extensive experience in strategic financial roles at other organizations. | View Report → | |
Daniel Furbee Executive | Senior Vice President and Chief Operating Officer | Daniel Furbee serves as Senior Vice President and Chief Operating Officer of Amplify Energy since March 2023. He has extensive experience in the energy sector, having previously held roles as a partner at Sentinel Petroleum, and executive positions at Riviera Resources, Sanchez Energy Corporation, and Linn Energy. | ||
Eric Dulany Executive | Vice President and Chief Accounting Officer | Eric Dulany has served as the Vice President and Chief Accounting Officer at Amplify Energy since May 2021. He is a seasoned accounting professional with extensive experience from previous leadership roles in accounting at other companies. | ||
Eric M. Willis Executive | Senior Vice President, General Counsel, and Corporate Secretary | Eric M. Willis is the Senior Vice President, General Counsel, and Corporate Secretary at Amplify Energy since August 2019. He previously served as Vice President and General Counsel from December 2017 to August 2019, and has extensive legal experience in the oil and gas sector. | ||
James Frew Executive | Senior Vice President and Chief Financial Officer | James Frew is the Senior Vice President and Chief Financial Officer at AMPY since April 2023. He has an extensive background in senior financial roles, including serving as Partner at Sentinel Petroleum and CFO at Riviera Resources. | ||
Tony Lopez Executive | Senior Vice President, Engineering and Exploitation | Tony Lopez is Senior Vice President, Engineering and Exploitation at AMPY since August 2019 with over 20 years of industry experience overseeing reserves management and engineering functions. Previously, he served as Vice President, Corporate Reserves at AMPY and held several engineering positions at EnerVest, Ltd.. | ||
Christopher W. Hamm Board | Chairman of the Board | Chairman & CEO of Axys Capital; CEO of Axys Data | Christopher W. Hamm has served as Amplify Energy's Chairman of the Board since January 2021. He has been on AMPY's board since August 2019 and previously served as Lead Director from April 2020. | |
Clint Coghill Board | Lead Independent Director | Chairman of the Board at Coghill Family Foundation; Member of the Board of Directors at New Moly, LLC; Chief Investment Officer at Stoney Lonesome HF, LP; Authorized Signatory at The Drake Helix Holdings, LLC | Clint Coghill has a distinguished 30-year career in investment management and entrepreneurship, previously serving as CEO of Backstop Solutions Group from 2013 until its sale in 2021. At AMPY, he was appointed as the Lead Independent Director on May 16, 2025, and also serves on the Compensation Committee. | |
Deborah G. Adams Board | Director | Chair of the Board, MRC Global ; Director, Austin Industries | Deborah G. Adams has served as a Director at Amplify Energy Corp. since April 2022, bringing over 35 years of energy industry experience and having held senior leadership roles at companies such as Phillips 66. | |
Todd R. Snyder Board | Member of Amplify Energy's Board of Directors | Managing Director and Global Head of the Piper Sandler Restructuring Group, TRS Advisors | Todd R. Snyder has served on Amplify Energy’s Board of Directors since October 2016 and brings extensive financial expertise to guide complex financial decisions. He is also the Managing Director and Global Head of the Piper Sandler Restructuring Group since 2017, having held pivotal roles in leading restructuring initiatives. |
- In light of the deferral of three Beta development projects due to lower oil prices, how do you plan to ensure these projects remain economically viable if the current pricing trend persists over an extended period?
- You mentioned aiming for a long-term leverage target of 0.5x to 1x; what specific measures will you implement to accelerate debt reduction beyond relying solely on anticipated free cash flow improvements?
- With multiple cost-saving initiatives underway, can you provide a detailed timeline and breakdown of the targeted operational efficiencies and how they will directly impact your overall cost structure?
- Regarding portfolio optimization, apart from the monetized Haynesville acreage transactions, what other specific asset divestitures or strategic moves are under consideration to bolster liquidity and support high-return investments?
- While you emphasized the strong long-term potential of the Beta development program, what precise commodity price thresholds or liquidity metrics would prompt the reactivation or expansion of these deferred development projects?
Research analysts who have asked questions during Amplify Energy earnings calls.
Subhasish Chandra
The Benchmark Company
5 questions for AMPY
Jeffrey Grampp
Alliance Global Partners
2 questions for AMPY
Jeffrey Robertson
Water Tower Research
2 questions for AMPY
Jeff Robertson
Water Tower Research
2 questions for AMPY
John White
Roth Capital Partners
1 question for AMPY
Subash Chandra
The Benchmark Company, LLC
1 question for AMPY
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
North Peak Oil & Gas, LLC | 2025 | The acquisition was structured as a two-step merger in which North Peak Oil & Gas was merged via Amplify DJ Operating LLC, converting all interests to 26,729,315 shares of Amplify Energy’s common stock, with stockholders and Juniper Capital Advisors receiving defined percentage stakes and requiring a special stockholder meeting for approval. |
Recent press releases and 8-K filings for AMPY.
- Amplify Energy is undergoing a strategic transformation, having recently sold a non-op Eagle Ford position for $23 million net proceeds in Q2 and planning to market its East Texas and Oklahoma positions later this quarter. This strategy aims to simplify the company's structure and focus on its Beta (offshore Southern California) and Bear Oil (Wyoming) assets.
- The company is accelerating its development program in the Beta asset, where recent wells have significantly outperformed expectations; the latest well brought online is is producing 850 barrels a day after four months, and these wells are targeted to cost approximately $6 million to drill. Amplify Energy projects approximately 128 million barrels of recovery from 25 PUD locations in the Beta field, with an estimated 50 million to 170 million barrels of oil remaining for recovery after that.
- Amplify Energy has reduced its debt by $6 million since year-end 2022 and is free cash flow positive, even with ongoing investments in the Beta field. The company's enterprise value is just under $300 million, and its market cap is between $150 million and $160 million.
- Amplify Energy Corp reported Adjusted EBITDA of ~$19 million for Q2 2025 and ~$86 million for the last twelve months.
- The company updated its FY 2025 Free Cash Flow guidance to $0 \u2013 $10 million.
- Strategic initiatives include the divestiture of the non-operated Eagle Ford asset for $23 million in net proceeds and ongoing monetization processes for East Texas and Oklahoma assets.
- Amplify successfully completed the Beta C 54 well in mid-April 2025, currently producing approximately 850 Bopd (gross), with new Beta wells contributing ~35% of total production and exceeding type curves.
- Net debt was reduced by ~$60 million from year-end 2022 to Q2 2025, improving leverage from 2.0x to 1.5x.
- Amplify Energy Corp. sold its non-operated working interest in its Eagle Ford assets to Murphy Exploration & Production Company -- USA for a contract price of $23 million.
- The sale closed on July 1, 2025, and the net proceeds will be used to pay down debt and enhance the company's liquidity.
- This divestiture is part of Amplify's strategy to streamline operations, reduce debt, and potentially reinvest in high-return Beta development wells in 2025.
- Amplify expects to provide updated full-year 2025 guidance when it releases its second quarter operating and financial results.