Under the terms of the New Credit Facility, the Company was required to hedge projected Proved Developed Producing natural gas and crude oil production volumes (on an equivalent basis) totaling at least 75% for the first 24 consecutive calendar months, and at least 50% of the subsequent 12 months, following the closing date of the New Credit Facility on
Amplify posted an updated investor presentation containing additional hedging information on its website, www.amplifyenergy.com, under the Investor Relations section.
The following table reflects the hedged volumes under Amplify’s commodity derivative contracts and the average fixed floor and ceiling prices at which production is hedged for
2023 | 2024 | 2025 | 2026 | ||||||||||
Natural Gas Swaps: | |||||||||||||
Average Monthly Volume (MMBtu) | 662,500 | 675,000 | 291,667 | ||||||||||
Weighted Average Fixed Price ($) | $ | 3.72 | $ | 3.74 | $ | 3.72 | |||||||
Natural Gas Collars: | |||||||||||||
Two-way collars | |||||||||||||
Average Monthly Volume (MMBtu) | 1,248,000 | 627,083 | 500,000 | 291,667 | |||||||||
Weighted Average Ceiling Price ($) | $ | 5.55 | $ | 4.32 | $ | 4.10 | $ | 4.10 | |||||
Weighted Average Floor Price ($) | $ | 3.41 | $ | 3.43 | $ | 3.50 | $ | 3.50 | |||||
Oil Swaps: | |||||||||||||
Average Monthly Volume (Bbls) | 113,167 | 61,333 | 53,000 | 30,917 | |||||||||
Weighted Average Fixed Price ($) | $ | 67.25 | $ | 73.55 | $ | 70.68 | $ | 70.68 | |||||
Oil Collars: | |||||||||||||
Two-way collars | |||||||||||||
Average Monthly Volume (Bbls) | 15,000 | 102,000 | 59,500 | ||||||||||
Weighted Average Ceiling Price ($) | $ | 76.16 | $ | 80.20 | $ | 80.20 | |||||||
Weighted Average Floor Price ($) | $ | 65.00 | $ | 70.00 | $ | 70.00 | |||||||
Three-way collars | |||||||||||||
Average Monthly Volume (Bbls) | 50,000 | ||||||||||||
Weighted Average Ceiling Price ($) | $ | 74.54 | |||||||||||
Weighted Average Floor Price ($) | $ | 58.00 | |||||||||||
Weighted Average Sub-Floor Price ($) | $ | 43.00 | |||||||||||
About Amplify Energy
Investor Relations Contacts
(832) 219-9044
jim.frew@amplifyenergy.com
(832) 219-9051
michael.jordan@amplifyenergy.com
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