Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Q3 2020 Earnings Presentation
11 slides from Amplify Energy's earnings presentation, Nov 5, 2020
Slide 1: Supplemental Presentation – Commodity and Interest Rate Hedging
Amplify Energy Corp. Supplemental Presentation – Commodity and Interest Rate Hedging | November 5, 2020
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation and the oral statements made in connection therewith contain forward-looking statements. All statements, other than statements of historical facts, included in this presentation or made in connection therewith that address activities, events o
Slide 3: Amplify Hedging Overview: October 2020 through 2022
Amplify Hedging Overview: October 2020 through 2022 Since August 5, 2020, we have added the following hedges: ▪ Oil: Swaps totaling 45 MBbls @ $42.03 in 1Q21; 360 MBbls @ $42.55 in 1H21; 1,050 MBbls @ $43.05 in Cal21 and 120 MBbls @ $43.60 in Cal22 as well as three-way collars totaling 360 MBbls @ $
Slide 4: Natural Gas Hedging Summary
Natural Gas Hedging: October 2020 through 2022 Hedged approximately 61 MMcf/d for 2020 Hedged approximately 61 MMcf/d for 2021 Hedged approximately 34 MMcf/d for 2022 Natural Gas Hedging Summary Hedge 70,000 60,000 $2.88 $2.60 Hedged Volumes (MMBtu/d) 50,000 $3.28 $2.10 40,000 30,000 $3.09 $2.26 $2.
Slide 5: Crude Oil Hedging Summary
Oil Hedging: October 2020 through 2022 Hedged approximately 8.0 MBbl/d for 2020 Hedged approximately 6.5 MBbl/d for 2021 Hedged approximately 1.3 MBbl/d for 2022 Crude Oil Hedging Summary Hedg 9,000 8,000 $65.75 $50.00 7,000 $40.00 $62.10 $55.00 Hedged Volumes (Bbl/d) 6,000 $50.61 $40.00 $30.00 5,00
Slide 6: NGL Hedging Summary
NGL Hedging: October 2020 through 2021 Hedged approximately 3.6 MBbl/d for 2020 Hedged approximately 0.7 MBbl/d for 2021 NGL Hedging Summary 4,000 3,000 Hedged Volumes (Bbl/d) 2,000 $21.99 1,000 $24.25 0 2020 2021 Swap 5
Slide 7: Natural Gas and NGL Hedge Details: October 2020 through 2022
Natural Gas and NGL Hedge Details: October 2020 through 2022 Natural Gas / NGLs Hedge Summary Natu Year Ending December 31, 2020 2021 2022 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 4,350,000 11,100,000 6,000,000 Volume (MMBtu/d) 47,283 30,411 16,438 Weighted-average fixed pric
Slide 8: Oil Hedge Details: October 2020 through 2022
Oil Hedge Details: October 2020 through 2022 Oil Hedge Summary Year Ending December 31, 2020 2021 2022 NYMEX Oil Derivative Contracts: Swap contracts: Volume (Bbl) 597,900 1,860,000 480,000 Volume (Bbl/d) 6,499 5,096 1,315 Weighted-average fixed price ($/Bbl) $57.41 $45.86 $52.39 Traditional collar
Slide 9: NGL by Component Hedge Details: October 2020 through 2021
NGL by Component Hedge Details: October 2020 through 2021 NGLs Hedge Summary by Component Year Ending December 31, 2020 2021 MBV C2 Total NGL volumes hedged (Bbl) 141,600 113,700 Total NGL volumes hedged (Bbl/d) 1,539 312 Total weighted-average fixed/floor price ($/Bbl) $10.49 $11.01 MBV C3 Total NG
Slide 10: Interest Rate Hedging: October 2020 through 2022
Interest Rate Hedging: October 2020 through 2022 Amplify’s interest rate hedges currently cover approximately 48% of $260 MM of RCF debt outstanding as of October 30, 2020 2020 2021 2022 Average Monthly $125 MM $125 MM $75 MM Notional Amount Weighted-Average 1.612% 1.612% 1.281% Fixed Rate 1-Month 1
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