Current AMPY Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Funds to be released from Beta decommissioning trust account
Amplify Energy Corporation (stock ticker: AMPY), focused on operations in the Rockies, offshore California, east Texas, north Louisiana and south Texas, has announced the release of $90 million in unencumbered cash.

The money will originate from the Beta decommissioning trust account. Following its release, Beta’s decommissioning obligations will remain fully supported by A-rated surety bonds.

Source: Amplify Energy

Source: Amplify Energy

“The Board and management will determine the best use of the Beta proceeds, which may include some combination of potential investments in the Beta field or other predictably...

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