Amplify energy

What Amplify energy does

Amplify Energy Corp. (NYSE: AMPY) is an independent oil and natural gas producer headquartered in Houston, Texas, focused on a deliberately narrow two-asset portfolio: Beta, an offshore oil-producing complex on the Pacific Outer Continental Shelf in federal waters of Southern California, and Bairoil, a CO2-EOR oil operation in the Lost Soldier and Wertz fields of Wyoming. Beta includes two wellbore production platforms, one processing platform, and the wholly-owned San Pedro Bay Pipeline Company, which operates a 16-inch pipeline extending approximately 17.5 miles to the Port of Long Beach. Bairoil contributes existing wells and CO2 infrastructure positioned for potential carbon capture, utilization, and storage (CCUS) development. Estimated total proved reserves stood at 38.1 MMBoe at year-end 2025, of which approximately 64% is at Beta and 36% at Bairoil, with 100% liquids composition and PV-10 of $376 million at SEC pricing.

The company's revenue model is direct commodity sale: crude oil, natural gas, and NGLs are sold bilaterally to refineries, energy traders, and midstream companies at prices tied to WTI and Brent benchmarks, net of quality differentials and transportation costs. Q1 2026 oil and natural gas revenues totaled $37.3 million on average production of 6.4 MBoe/d (100% crude oil), with realized pricing impacted by ($6)–($9) per barrel differentials. A WTI/Brent swap and costless collar hedging program covers 2026 and 2027 production to stabilize cash flow. Customer acquisition and distribution are therefore B2B commodity sales channels, augmented by comprehensive investor relations activity targeting institutional investors.

In late 2025, Amplify executed a significant corporate restructuring, divesting its East Texas assets for $122 million and Oklahoma interests for $92.5 million (combined ~$214.5 million) and using proceeds to eliminate all outstanding debt under its revolving credit facility. As of March 31, 2026, the company held $41.5 million in cash and $56.5 million in total liquidity, making it debt-free. Effective May 1, 2026, the company secured royalty relief at Beta reducing the burden by approximately 50% to ~12.5%, expected to add more than 600 Bopd of net production and over $1.0 million per month in incremental revenue. The company is led by CEO Daniel Furbee and President/CFO James Frew, both appointed in July 2025, with development drilling concentrated on the 29 identified D-Sand locations in Beta's Joulters and Main fault blocks.

Name

Amplify energy

Legal name

Amplify Energy Corp.

Website

https://amplifyenergy.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Amplify Energy Corp. (NYSE: AMPY) is an independent oil producer operating two core assets — Beta offshore Southern California and Bairoil in Wyoming — selling crude oil, natural gas, and NGLs to refineries, traders, and midstream companies at WTI/Brent-linked prices. Following 2025 divestitures, the company is debt-free and focused on D-Sand development drilling and Bairoil CCUS opportunities.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Oil and Gas Production Sales: Amplify Energy generates revenue primarily through the sale of crude oil, natural gas, and NGLs produced from its Beta offshore and Bairoil properties. Production is sold at market prices with realized prices based on WTI and Brent benchmarks, net of quality differentials and transportation costs. Q1 2026 oil and natural gas revenues were $37.3 million.
2. Commodity Derivative Settlements: The company engages in hedging activities through WTI and Brent crude oil swaps and costless collars. Realized gains/losses on commodity derivatives affect net revenue. Q1 2026 showed a net realized loss of $2.4 million on commodity derivatives.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Amplify Energy is an independent oil company that produces and sells crude oil, natural gas, and natural gas liquids (NGLs) from two core operating areas: Beta on the Pacific Outer Continental Shelf offshore Southern California and Bairoil in the Wyoming Rockies. The company operates offshore production platforms, the San Pedro Bay Pipeline, onshore wells with CO2 injection infrastructure, and sells its production directly to refineries, traders, and midstream companies at market-based commodity prices.

Product overview

Amplify Energy is an independent oil company operating two core assets: Beta (Pacific Outer Continental Shelf) offshore Southern California and Bairoil in the Wyoming Rockies. Beta, comprising approximately 64% of proved reserves, includes offshore production platforms and the San Pedro Bay Pipeline Company. Bairoil, representing approximately 36% of proved reserves, encompasses the Lost Soldier and Wertz fields. The company focuses on low decline, mature producing wells with significant upside potential, implementing development drilling programs and exploring CCUS opportunities at Bairoil.

Differentiator

Problem solved

Functional benefit

Products and services

• Beta (Pacific Outer Continental Shelf) Offshore oil production operations in federal waters of the Pacific Outer Continental Shelf offshore Southern California, comprising approximately 64% of the company's estimated proved reserves. The Beta properties include two wellbore production platforms and one production handling and processing platform, with wells drilled in the D-Sand interval of the Joulters fault block delivering IP30 rates averaging 680 Bopd. The field has 29 identified D-Sand drilling opportunities and approximately 70 million barrels of estimated oil in place in the Joulters fault block.
• Bairoil (Rockies) Oil and gas production operations in the Lost Soldier and Wertz fields in Bairoil, Wyoming, comprising approximately 36% of the company's estimated proved reserves. The Bairoil complex includes wells and properties with existing CO2 infrastructure (CO2 gas plant), positioning the asset for potential Carbon Capture, Utilization and Storage (CCUS) development opportunities. New CO2 purchase contract and CO2 compression optimization project deliver approximately $10 million in annual cost savings.
• San Pedro Bay Pipeline Company Wholly-owned subsidiary pipeline company that owns and operates a 16-inch diameter oil pipeline extending approximately 17.5 miles from the Beta processing platforms in federal waters offshore Southern California to the Beta pump station onshore at the Port of Long Beach, California.

Quantifiable outcome

• D-Sand development in Joulters fault block delivers >100% IRR at $65/Bbl WTI with ~670,000 barrels EUR per well on 1,000' lateral length at $6.5 million drilling/completion cost
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Marathon CapitalminorOthers · 1 January 2025Amplify Energy engaged Marathon Capital as financial advisor to undertake strategic evaluation of Bairoil's potential as a large carbon storage site and its possible integration into broader low-carbon power and industrial projects.

Scale indicators16 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Granite Ridge Resources: Granite Ridge Resources is a small-cap public E&P focused on non-operated working interests in mature US basins. The small-cap public profile and exposure to mature US oil assets make it a relevant comparable despite different ownership economics.
• W&T Offshore: W&T Offshore is a small/mid-cap US independent E&P focused on offshore Gulf of Mexico production. Similar size, public listing, and offshore-concentrated production profile make it a tight comparable to Amplify Energy's offshore-heavy portfolio.
• Ring Energy: Ring Energy is a small-cap US independent E&P focused on low-decline, mature conventional oil assets in the Permian Basin. The low-decline, mature-asset thesis and small-cap public profile closely track Amplify's two-asset model.
• Vital Energy: Vital Energy is a small-cap Permian-focused independent oil producer. While geographically focused on the Permian, the scale, public listing, and pure-play oil production focus make it a relevant comparable for Amplify's profile.
• Mach Natural Resources: Mach Natural Resources is a small/mid-cap independent E&P operating in the Anadarko Basin. Comparable as a focused, public, oil-weighted E&P of similar size to Amplify Energy.
• Battalion Oil: Battalion Oil is a small-cap independent E&P with concentrated Permian assets, similar public profile and asset-concentration structure to Amplify's two-asset model.
• Empire Petroleum: Empire Petroleum is a small-cap independent oil producer with mature, low-decline assets. Its focus on mature producing properties and small public-company scale parallels Amplify's strategic positioning post-divestitures.
• Trio Petroleum: Trio Petroleum operates California-based oil assets including in the San Joaquin Basin, directly comparable to Amplify's California offshore exposure and small-cap independent E&P profile.
• Houston American Energy: Houston American Energy is a micro-cap independent oil & gas company. Its small scale and exposure to US oil production make it a market-segment comparable to Amplify, though Amplify is materially larger and more operational.

Broad incumbents

• California Resources Corporation: California Resources Corporation is the largest California-focused E&P following its Aera Energy combination. It is a broad incumbent in the same California operating environment as Amplify's Beta field, though materially larger in scale and asset diversity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amplifyenergycorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amplify energy