Amplify Energy Corp. (AMPY)
Amplify Energy is an independent oil and natural gas producer that acquires, develops, and operates properties across the United States. The company generates revenue entirely from extracting and selling crude oil, natural gas, and natural gas liquids (NGLs) from its portfolio of producing fields. After divesting non-core assets in 2025, Amplify concentrates its operations on two primary geographic regions: federal waters offshore Southern California and onshore properties in Wyoming’s Rocky Mountains.
The Beta field in federal waters approximately 23 miles offshore Southern California represents a major operational center. This facility operates two wellbore production platforms and a central processing platform connected by a 16-inch pipeline extending 17.5 miles onshore to the Port of Long Beach. The field accounted for roughly 64 percent of the company’s proved reserves at the end of 2025 before recent divestitures. The Bairoil asset in Wyoming’s Bighorn Basin provides complementary onshore production, offering geographic and operational diversification.
Revenue by Product and Geography
| Product / Region | Contribution | Notes |
|---|---|---|
| Crude Oil | Primary (220+ million) | Largest revenue source; sold at realized market prices |
| Natural Gas | Secondary contributor | Produced from both offshore and onshore properties |
| Natural Gas Liquids (NGLs) | Tertiary source | Extracted alongside gas production |
| Beta Field (Offshore CA) | ~64% of reserves | Federal waters production, platform-based |
| Bairoil (Wyoming) | Onshore supplement | Rocky Mountain basin production |
The company’s total revenue reached approximately 295 million USD in the trailing twelve months, with crude oil generating the bulk through commodity price exposure and production volume. Natural gas and NGL sales provide secondary cash streams and portfolio balance. Amplify’s economics are directly tied to global crude oil and natural gas prices, hedging activities, and operational extraction efficiency—typical dynamics of independent energy producers.
Amplify operates with regulatory oversight from federal agencies governing offshore drilling in U.S. federal waters and state-level permitting for onshore development. Production costs include platform maintenance, pipeline operations, workovers, and lifting expenses. Capital allocation focuses on extending field life, replacing reserves, and managing the commodity price cycle. The company’s 10-K filing provides detailed reserve estimates, capital spending plans, and segment performance.