Amplify Energy Corp (AMPY) Provides Hedging Update

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Go back to Amplify Energy Corp (AMPY) Provides Hedging Update

Amplify Energy Provides Hedging Update

September 1, 2023 7:00 AM EDT

HOUSTON, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (Amplify or the Company) (NYSE: AMPY) announced today that the Company has recently added to its commodity derivative positions in order to meet initial hedge requirements under its new senior secured reserve-based revolving credit facility (the New Credit Facility) which was announced on August 1, 2023.

Under the terms of the New Credit Facility, the Company was required to hedge projected Proved Developed Producing... More