Amplify Energy Closes East Texas Divestiture for $122M, Oklahoma Sale Expected by Year-End

Amplify Energy Corp. has closed the sale of its East Texas interests for $122.0 million, subject to adjustments. The company still expects to close the divestiture of its Oklahoma assets by the end of 2025. Amplify's operations focus on oil production in Oklahoma, Beta, and Bairoil. The transaction is part of the company's strategy to divest non-core assets and maintain its declining asset base.