Amplify Energy Corp. (AMPY) Bundle
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 SectorAmplify 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 |
- Sustainable energy production
- Operational efficiency
- Environmental responsibility
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 |
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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