Amplify Energy (AMPY) Investor presentation summary

Strategic initiatives and portfolio actions

• Divested East Texas, Oklahoma, and Eagle Ford assets for $250 million, simplifying the portfolio and reducing overhead.

• Used divestiture proceeds to fully eliminate outstanding debt and ended 2025 with $61 million in cash.

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

• Redirected capital to low-risk, high-return opportunities, focusing on Beta field development and CCUS potential at Bairoil.

Asset overview and operational highlights

• Operates two mature oilfields: Beta (Pacific OCS, CA) and Bairoil (Greater Green River Basin, WY), both 100% WI.

• Beta field: 17,000 net acres, 24 MMBoe proved reserves, 18-year R/P, low decline, and high IRR development inventory.

• Bairoil: 7,000 net acres, 14 MMBoe proved reserves, 13-year R/P, low decline, and significant CCUS upside.

• 2026 production guidance midpoint: 7.3 MBbl/d, 100% oil.

Beta field development and results

• Beta field has ~1 billion barrels OOIP with only ~10% recovered; stacked Miocene sands offer multiple targets.

• Shifted from commingled angled wells to horizontal drilling in D-Sand, improving efficiency and returns.

• Six development wells completed (2024–2025), with 5–8 more planned for 2026; breakeven oil price below $35/Bbl.

• Joulters fault block D-Sand wells outperform type curves; 22 more locations identified.

• Main fault block D-Sand wells also exceed expectations; 7 more locations identified.