Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Corporate Update (November 2019)
11 slides from Amplify Energy's corporate update, Nov 6, 2019
Slide 1: Supplemental Presentation – Commodity and Interest Rate Hedging
Amplify Energy Corp. Supplemental Presentation – Commodity and Interest Rate Hedging | November 6, 2019
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 2019 through 2022
Amplify Hedging Overview: October 2019 through 2022 • Since August 6, we have added the following hedges: – Gas: 5.4 Bcfe (@ $2.48) in 2020, 1.8 Bcfe (@ $2.45) in 2021 and 1.8 Bcfe (@ $2.49) in 2022; added PEPL basis hedges to protect gas sales in Oklahoma – Crude: 90 MBbls of swaps (@ $60.00) for B
Slide 4: Natural Gas Hedging Summary
Natural Gas Hedging: October 2019 through 2022 • Amplify’s natural gas hedges cover approximately 70% of 4Q19 midpoint guidance production ‒ Hedged approximately 60 MMcf/d for 4Q19 ‒ Hedged approximately 39 MMcf/d for 2020 ‒ Hedged approximately 16 MMcf/d for 2021 ‒ Hedged approximately 5 MMcf/d for
Slide 5: Crude Oil Hedging Summary
Oil Hedging: October 2019 through 2022 • Amplify’s oil hedges cover approximately 87% of 4Q19 midpoint guidance production ‒ Hedged approximately 10.3 MBbl/d for 4Q19 ‒ Hedged approximately 6.5 MBbl/d for 2020 ‒ Hedged approximately 3.8 MBbl/d for 2021 ‒ Hedged approximately 1.0 MBbl/d for 2022 Crud
Slide 6: NGL Hedging Summary
NGL Hedging: October 2019 through 2021 • Amplify’s NGL hedges cover approximately 43% of 4Q19 midpoint guidance production ‒ Hedged approximately 2.3 MBbl/d for 4Q19 ‒ Hedged approximately 2.1 MBbl/d for 2020 ‒ Hedged approximately 0.7 MBbl/d for 2021 NGL Hedging Summary 3,000 Hedged Volumes (Bbl/d)
Slide 7: Natural Gas and NGL Hedge Details: October 2019 through 2022
Natural Gas and NGL Hedge Details: October 2019 through 2022 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2019 2020 2021 2022 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 4,928,571 7,200,000 4,050,000 1,800,000 Volume (MMBtu/d) 53,571 19,672 11,096 4,932 Weighted-ave
Slide 8: Oil Hedge Details: October 2019 through 2022
Oil Hedge Details: October 2019 through 2022 Oil Hedge Summary Year Ending December 31, 2019 2020 2021 2022 NYMEX Oil Derivative Contracts: Swap contracts: Volume (Bbl) 541,000 1,836,600 1,395,000 360,000 Volume (Bbl/d) 5,880 5,018 3,822 986 Weighted-average fixed price ($/Bbl) $55.25 $57.54 $56.05
Slide 9: NGL by Component Hedge Details: October 2019 through 2021
NGL by Component Hedge Details: October 2019 through 2021 NGLs Hedge Summary by Component Year Ending December 31, 2019 2020 2021 MBV C2 Total NGL volumes hedged (Bbl) 81,900 327,300 113,700 Total NGL volumes hedged (Bbl/d) 890 894 312 Total weighted-average fixed/floor price ($/Bbl) $11.85 $12.14 $
Slide 10: Interest Rate Hedging: October 2019 through 2022
Interest Rate Hedging: October 2019 through 2022 • Amplify’s interest rate hedges cover approximately 47% of $267 MM of net debt ($11 MM of cash on hand and $278 MM of RCF outstanding) as of November 1, 2019 4Q19 2020 2021 2022 Average Monthly $125 MM $125 MM $125 MM $75 MM Notional Amount Weighted-
Slide 11: ampli
ampli lify energy \yY ws