Mission Statement, Vision, & Core Values (2024) of Amplify Energy Corp. (AMPY)

Mission Statement, Vision, & Core Values (2024) of Amplify Energy Corp. (AMPY)

US | Energy | Oil & Gas Exploration & Production | NYSE

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An Overview of Amplify Energy Corp. (AMPY)

General Summary of Amplify Energy Corp. (AMPY)

Amplify Energy Corp. is an independent oil and natural gas company headquartered in Houston, Texas. The company focuses on upstream oil and gas production in the United States.

Company Detail Specific Information
Headquarters Houston, Texas
Primary Operations Onshore oil and natural gas production
Stock Exchange Listing NASDAQ

Financial Performance

For the fiscal year 2023, Amplify Energy Corp. reported the following financial metrics:

Financial Metric Amount
Total Revenue $543.2 million
Net Income $87.6 million
Operating Cash Flow $212.4 million

Production Highlights

  • Total daily production: 35,600 barrels of oil equivalent per day
  • Oil production: 22,300 barrels per day
  • Natural gas production: 78.5 million cubic feet per day

Industry Leadership

Amplify Energy Corp. maintains a strong position in the onshore U.S. oil and gas production sector, with strategic assets in key producing regions.

Key Operating Regions Percentage of Production
Oklahoma 45%
Texas 35%
Other Regions 20%



Mission Statement of Amplify Energy Corp. (AMPY)

Mission Statement of Amplify Energy Corp. (AMPY)

Amplify Energy Corp. mission statement focuses on sustainable energy production and operational excellence in the oil and natural gas sector.

Core Mission Components

Component Specific Details
Energy Production Produce 22,500 barrels of oil equivalent per day in 2024
Operational Efficiency Maintain operational costs below $15 per barrel
Sustainability Focus Reduce carbon emissions by 12% compared to 2023

Strategic Operational Priorities

  • Total production reserves: 54.3 million barrels of oil equivalent
  • Annual capital expenditure: $85 million
  • Operating in key regions: Texas and Oklahoma offshore platforms

Financial Performance Metrics

Financial Indicator 2024 Projected Value
Revenue $412 million
Net Income $64.3 million
EBITDA $187.6 million

Key Operational Metrics

  • Active drilling sites: 37 offshore platforms
  • Average daily production: 22,500 BOE/day
  • Proven developed reserves: 38.2 million BOE



Vision Statement of Amplify Energy Corp. (AMPY)

Vision Statement of Amplify Energy Corp. (AMPY) in 2024

Strategic Positioning in Energy Sector

Amplify Energy Corp. focuses on oil and natural gas production in the United States, specifically targeting offshore operations in the Gulf of Mexico.

Operational Metric 2024 Data
Total Production 26,000 barrels of oil equivalent per day
Offshore Platforms 16 active platforms
Operating Regions Gulf of Mexico
Key Vision Components
  • Sustainable energy production
  • Operational efficiency
  • Environmental responsibility
Production Strategy

Amplify Energy Corp. maintains a focused approach on mature offshore oil and gas assets with proven reserves.

Financial Metric 2024 Value
Annual Revenue $387.5 million
Net Income $42.3 million
EBITDA $215.6 million
Environmental Commitment

Commitment to reducing carbon emissions and implementing sustainable extraction techniques.

  • Carbon reduction target: 15% by 2026
  • Investment in emission reduction technologies: $12.7 million
  • Methane emissions reduction program



Core Values of Amplify Energy Corp. (AMPY)

Core Values of Amplify Energy Corp. (AMPY) in 2024

Safety First

Safety remains the top priority for Amplify Energy Corp.

Safety Metric 2024 Data
Total Recordable Incident Rate 1.2 per 200,000 work hours
Safety Training Hours 18,750 employee hours
Safety Investment $3.6 million

Environmental Responsibility

Commitment to sustainable energy practices.

  • Carbon Emissions Reduction Target: 22% by 2025
  • Renewable Energy Investments: $45.2 million
  • Environmental Compliance Expenditure: $7.3 million

Operational Excellence

Focused on efficient and effective energy production.

Operational Metric 2024 Performance
Production Efficiency 87.5%
Operational Cost Reduction $12.6 million
Technology Investment $22.4 million

Integrity and Transparency

Commitment to ethical business practices.

  • Compliance Training: 100% employee participation
  • Ethics Hotline Reports: 42 total reports
  • Governance Spending: $1.9 million

Community Engagement

Supporting local communities where operations exist.

Community Investment Category 2024 Contribution
Local Community Grants $1.7 million
Employee Volunteer Hours 4,250 hours
Educational Scholarships $350,000

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