Deals - Acquisition, Mergers, Divestitures

Amplify to Sell Oklahoma Assets for $92.5MM

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   |    Thursday,November 06,2025

Nov. 05, 2025

Amplify Energy announced it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5 million, subject to customary post-closing adjustments. The transaction is expected to close by the end of Q4 2025 and will represent a complete exit from Oklahoma.

Management said the Oklahoma divestiture, together with the previously announced sales of its East Texas and Eagle Ford assets, represents meaningful progress on the Company’s plan to simplify its portfolio, strengthen its balance sheet, and focus on its highest-upside assets.

CEO Dan Furbee said the divestiture is consistent with the strategic direction announced this summer and demonstrates the Company’s commitment to executing that plan. Furbee noted that, upon closing the transactions in the fourth quarter, Amplify expects to be well positioned to pursue upside value at Beta and Bairoil.

TenOaks Energy Advisors is serving as financial advisor to Amplify on the Oklahoma Transaction, and Kirkland & Ellis is serving as legal advisor.

Amplify Energy is an independent oil company with operations focused in federal waters offshore Southern California (Beta) and the Rockies (Bairoil).

Deal Sheet

Acquirer: Not disclosed
Seller: Amplify Energy Corp. (NYSE: AMPY)

Assets Sold:

• All Oklahoma interests (complete exit)

Contract Price:

• $92.5 million (subject to customary post-closing adjustments)

Expected Close:

• By end of Q4 2025

Strategic Rationale:

• Portfolio simplification

• Balance sheet strengthening

• Increased focus on highest-upside assets (Beta and Bairoil)

• Complements previously announced East Texas and Eagle Ford divestitures

Advisor(s):

• TenOaks Energy Advisors (financial)

• Kirkland & Ellis (legal)

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