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Amplify Energy ( (AMPY) ) has provided an update.
On January 14, 2025, Amplify Energy Corp. announced a merger agreement with Juniper Capital’s portfolio companies, North Peak Oil & Gas and Century Oil and Gas, to expand its oil-weighted assets in the DJ and Powder River Basins. The transaction, expected to close in the second quarter of 2025, will see Amplify issue approximately 26.7 million shares of its common stock and assume $133 million in net debt, resulting in Amplify shareholders retaining 61% of the combined company. This merger is anticipated to significantly improve Amplify’s operating metrics, increase its scale and growth opportunities, and provide substantial synergies and cash flow accretion. The merger positions Amplify to pursue further consolidation opportunities in the Rocky Mountain Basins and enhance its strategic growth in the oil industry.
More about Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties. Its operations are primarily focused in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas / North Louisiana, and the Eagle Ford.
YTD Price Performance: 6.23%
Average Trading Volume: 253,212
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $257.7M
For detailed information about AMPY stock, go to TipRanks’ Stock Analysis page.
