Amplify Energy Corp Exits East Texas Interests for $127.5 Million

Amplify Energy Corp. has announced a series of transactions to exit its East Texas interests for a total consideration of $127.5 million. The company has sold its remaining Haynesville interests for $5.5 million and entered into a definitive agreement to sell its Haynesville and Cotton Valley interests for $122 million. These transactions are expected to close by the end of Q4, representing a full monetization of Amplify's Haynesville and Cotton Valley interests.