secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001104659-23-097460
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify hedges 75% of PDP volumes for 24 months under new credit facility
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- New credit facility entered July 31 requires hedging at least 75% of PDP volumes for first 24 months, 50% for next 12 months.
- Added natural gas swaps: 662,500 MMBtu/month at $3.72 (H2 2023); 675,000 MMBtu at $3.74 (2024).
- Added oil swaps: 113,167 bbls/month at $67.25 (H2 2023); 61,333 bbls at $73.55 (2024).
- Also entered natural gas/oil collars (two-way and three-way) with floors/ceilings through 2026; investor presentation posted on website.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000110465923097460/0001104659-23-097460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000110465923097460/tm2325203d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097460

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer