Amplify Energy Corp.

After its 2025 divestitures sharply shrank its asset base, Amplify Energy's credit facility (now led by Citizens Bank) was reset to a $25 million borrowing base with its maturity extended to December 2028.

debt financing

Amplify Energy completed its $92.5 million sale of Oklahoma assets to Revolution Resources, finishing a year of major divestitures that followed the collapsed North Peak/Century acquisition.

asset acquisition disposition

Amplify Energy completed its $122 million sale of East Texas and Louisiana assets to EQV Alpha.

asset acquisition disposition

Amplify Energy agreed to sell its Oklahoma oil and gas assets to Revolution Resources III for $92.5 million cash, expected to close in December 2025, its third major divestiture agreement of 2025.

material agreement

Amplify Energy agreed to sell its East Texas and Louisiana oil and gas assets to EQV Alpha for $122 million cash, expected to close in December 2025.

material agreement

Amplify Energy sold its Karnes County, Texas oil and gas assets to Murphy Exploration & Production, the properties' existing operator, for $23 million cash.

asset acquisition disposition

Amplify Energy and Juniper Capital mutually terminated their agreement to acquire North Peak Oil & Gas and Century Oil and Gas, abandoning the planned DJ Basin/Powder River Basin expansion.

business combination

Amplify filed the final proxy statement for the Juniper deal, setting a virtual special shareholder meeting for April 14, 2025 (record date March 3, 2025) to vote on issuing 26,729,315 shares for North Peak and Century. The terms are unchanged from the preliminary version (61% current holders / 39% Juniper, board unanimously in favour), and the deal cannot close without shareholder approval of the share issuance.

business combination

Amplify filed a preliminary proxy statement asking shareholders to approve issuing 26,729,315 new shares to buy North Peak Oil & Gas and Century Oil and Gas from Juniper Capital Advisors, the deal signed January 14, 2025. If completed, current shareholders would own about 61% and Juniper about 39% on a fully diluted basis; the meeting date was still blank in this draft, and the board unanimously recommends a vote in favour.

business combination

Amplify Energy agreed to acquire DJ Basin (Colorado) operator North Peak Oil & Gas and Powder River Basin operator Century Oil and Gas from Juniper Capital Advisors, a significant new-basin growth deal.

business combination

Amplify Energy fully refinanced its revolving credit facility with a new KeyBank-led facility (initial $150 million borrowing base, $135 million elected commitments, maturing 2027), replacing its prior $180 million facility.

debt financing

Amplify Energy also fell below the NYSE's minimum market-capitalization and stockholders'-equity thresholds, opening a second, parallel listing-compliance track.

listing compliance notice

Amid the COVID-19 oil price collapse, Amplify Energy's lenders cut its credit-facility borrowing base from $450 million toward $260 million in stages and tightened collateral and covenant terms.

debt financing

Midstates completed its merger with privately held Amplify Energy Corp. and renamed itself "Amplify Energy Corp.," with the deal accounted for as a reverse acquisition in which legacy Amplify, not Midstates, was treated as the accounting acquirer.

asset acquisition disposition

Midstates registered the shares for its all-stock merger with privately held Amplify Energy: each Amplify share converts into 0.933 Midstates shares, leaving the two shareholder bases owning roughly 50% each of the combined company -- a merger of equals between two companies that had each recently come out of Chapter 11. Holders of about 35.5% of Midstates stock had already signed voting agreements supporting it.

business combination

Midstates agreed to a stock-for-stock merger of equals with privately held Amplify Energy Corp., under which Amplify shareholders would get 0.933 Midstates shares each and end up owning half of the combined company.

business combination

Midstates amended its exit credit facility to allow dividends and share buybacks for the first time since its 2016 bankruptcy, subject to minimum liquidity and leverage tests, signaling its post-bankruptcy financial recovery.

material agreement

Midstates agreed to sell substantially all of its Anadarko Basin wells and leases in Texas and Oklahoma for $58.0 million to a buyer the filing does not name, effective 1 January 2018 and expected to close by 30 May.

material agreement

Amplify Energy Corp.'s securities were notified for removal from listing and registration on its exchange.

listing compliance notice

the New York Stock Exchange certified Amplify Energy Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice

Nasdaq certified Amplify Energy Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice

The bankruptcy court confirmed Midstates' Chapter 11 reorganization plan, which would cancel existing stock and debt and issue new common stock and warrants to creditors once the plan took effect.

bankruptcy or receivership

Midstates and its operating subsidiary filed for Chapter 11 bankruptcy, having lined up a Plan Support Agreement with about 80% of first-lien lenders and 74-77% of second- and third-lien noteholders to back a pre-negotiated restructuring.

bankruptcy or receivership

Amplify Energy Corp.'s exchange filed to remove a class of its securities from listing.

listing compliance notice

With cash reserves thin, Midstates drew the last $249 million available under its credit facility just as the NYSE moved to delist its shares after market capitalization fell below $15 million; trading was suspended.

listing compliance notice

Midstates' credit facility was reaffirmed at a sharply reduced $252 million borrowing base, with lenders pre-clearing a further cut if a pending asset sale closed.

debt financing

Midstates fell further out of NYSE compliance on minimum market capitalization and stockholders' equity, triggering formal delisting procedures unless it submitted an acceptable recovery plan.

listing compliance notice

Midstates again fell below the NYSE's $1.00 minimum share price and announced a 1-for-10 reverse stock split to try to cure the deficiency.

listing compliance notice

Midstates issued $20 million more in 12% third-lien notes in exchange for existing unsecured notes, on top of the $504 million of third-lien notes already issued alongside its new second-lien notes, deepening its debt restructuring.

debt financing

Midstates raised $625 million in new 10% senior secured second-lien notes due 2020, a distressed refinancing as the oil price downturn deepened.

debt financing

Baseline Energy Resources terminated its agreement to buy Midstates' DeQuincy assets, alleging breach; Midstates disputed the claim, kept the cash-generating assets, and said it would retain Baseline's $5 million deposit.

material agreement termination

Midstates agreed to sell its DeQuincy-area (Beauregard/Calcasieu Parish, Louisiana) acreage to Baseline Energy Resources for up to $90 million, mostly cash plus a capped royalty.

material agreement

Midstates completed the Pine Prairie sale to Tana Exploration for about $150 million net proceeds and reported record first-quarter 2014 production and EBITDA, driven by its Mississippian Lime assets.

asset acquisition disposition

Midstates agreed to sell its Pine Prairie (Evangeline Parish, Louisiana) Gulf Coast acreage to Tana Exploration for $170 million cash.

material agreement

Midstates priced $700 million of 9.25% senior notes due 2021 to fund the Panther Anadarko Basin acquisition.

material agreement

Midstates amended its credit facility to accommodate financing for the pending Panther Anadarko Basin acquisition, raising its borrowing base to $425 million once the deal closed.

material agreement

Midstates agreed to acquire Anadarko Basin (Texas/Oklahoma) producing properties and undeveloped acreage from Panther Energy, Red Willow Mid-Continent and Linn Energy Holdings for $620 million cash.

material agreement

Midstates completed its $650 million Eagle Energy acquisition ($325M cash plus 325,000 new shares of Series A Mandatorily Convertible Preferred Stock), funded by the notes offering that closed the same day; Eagle's controller Riverstone Holdings gained a board seat and veto rights over major corporate actions.

asset acquisition disposition

Midstates priced $600 million of 10.75% senior notes due 2020 in a private placement, with proceeds earmarked to help fund the Eagle Energy acquisition.

material agreement

Midstates agreed to acquire Mississippian Lime oil and gas assets in Oklahoma and Kansas from Eagle Energy Production for $325 million cash plus $325 million of new preferred stock, its first major acquisition since going public.

material agreement

Midstates Petroleum Company (later renamed Amplify Energy Corp.) completed its initial public offering, selling 27.6 million shares (plus a 3.6 million-share underwriters' option) at $13.00 per share for about $220 million net proceeds, and reorganized from its First Reserve-backed private structure into a public Delaware corporation.

material agreement

the New York Stock Exchange certified Amplify Energy Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice