Amplify Energy (AMPY) Investor presentation summary

Strategic initiatives and portfolio optimization

• Divested East Texas, Oklahoma, and Eagle Ford assets for $250 million, streamlining operations and reducing overhead.

• Used divestiture proceeds to eliminate all outstanding debt and ended 1Q26 with $42 million in cash.

• Amended and extended revolving credit facility to enhance liquidity and flexibility.

• Refocused capital on low-risk, high-return projects, especially Beta field development and CCUS at Bairoil.

Asset overview and operational highlights

• Operates Beta (offshore California) and Bairoil (Wyoming) fields, both 100% oil-weighted with long reserve lives (17 and 16 years R/P, respectively).

• Beta field features low decline rates, high IRRs (>100%), and significant development inventory.

• Bairoil is a mature CO2 flood with low decline and substantial CCUS potential.

• 2026 production guidance: 6.7–7.9 MBbls/d, 100% oil.

Beta field development and upside

• Beta field has over 1 billion barrels OOIP, with only ~10% recovered to date; stacked pay zones offer multiple targets.

• Recent shift to horizontal drilling in D-Sand and C-Sand, with 28 D-Sand locations identified (21 in Joulters, 7 in Main fault block).

• Joulters D-Sand wells outperform type curves, with IRRs up to 154% and payouts under 1 year.

• Royalty relief effective May 2026 increases net production by 600 Bopd and adds $1 million/month in revenue.