Amplify Energy sells Eagle Ford non-operated assets for $23M; proceeds to reduce debt

Amplify Energy Corp.

Sale of non-operated Eagle Ford working interest to Murphy Exploration for $23M cash; closed July 1, effective June 15, 2025.
Net proceeds from sale will be used to pay down debt, enhancing liquidity and balance sheet.
With improved balance sheet, Company may add back previously deferred Beta development wells in 2025.
Updated full-year 2025 guidance expected with Q2 2025 operating and financial results.

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