Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Q1 2020 Earnings Presentation
11 slides from Amplify Energy's earnings presentation, May 6, 2020
Slide 1: Supplemental Presentation – Commodity and Interest Rate Hedging
Amplify Energy Corp. Supplemental Presentation – Commodity and Interest Rate Hedging | May 6, 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: April 2020 through 2022
Amplify Hedging Overview: April 2020 through 2022 Since March 5, 2020, we have added and monetized the following hedges: Gas: added 9.2 Bcf of collars (floor @ $2.00/ceiling @ $3.37) in 2021 and 5.3 Bcf of swaps (@ $2.49) in 2021 Crude: monetized 990 MBbls of 2021 swaps for approximately $18 MM
Slide 4: Natural Gas Hedging Summary
Natural Gas Hedging: April 2020 through 2022 Hedged approximately 35 MMcf/d for 2020 Hedged approximately 61 MMcf/d for 2021 Hedged approximately 10 MMcf/d for 2022 Natural Gas Hedging Summary 70,000 60,000 50,000 Hedged Volumes (MMBtu/d) $3.28 $2.10 40,000 30,000 $2.88 $2.60 20,000 $2.49 10,000 $2.
Slide 5: Crude Oil Hedging Summary
Oil Hedging: April 2020 through 2022 Hedged approximately 8.3 MBbl/d for 2020 Hedged approximately 1.1 MBbl/d for 2021 Hedged approximately 1.0 MBbl/d for 2022 Crude Oil Hedging Summary 9,000 $65.75 8,000 $50.00 $40.00 $62.10 7,000 $55.00 Hedged Volumes (Bbl/d) 6,000 5,000 4,000 $57.44 3,000 2,000 1
Slide 6: NGL Hedging Summary
NGL Hedging: April 2020 through 2021 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) 2,000 $25.27 1,000 $24.25 0 2020 2021 Swap 5
Slide 7: Natural Gas and NGL Hedge Details: April 2020 through 2022
Natural Gas and NGL Hedge Details: April 2020 through 2022 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2020 2021 2022 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 5,850,000 11,100,000 3,600,000 Volume (MMBtu/d) 21,273 30,411 9,863 Weighted-average fixed price ($/MMB
Slide 8: Oil Hedge Details: April 2020 through 2022
Oil Hedge Details: April 2020 through 2022 Oil Hedge Summary Year Ending December 31, 2020 2021 2022 NYMEX Oil Derivative Contracts: Swap contracts: Volume (Bbl) 1,883,700 405,000 360,000 Volume (Bbl/d) 6,850 1,110 986 Weighted-average fixed price ($/Bbl) $57.44 $56.57 $55.32 Collar contracts: Volum
Slide 9: NGL by Component Hedge Details: April 2020 through 2021
NGL by Component Hedge Details: April 2020 through 2021 NGLs Hedge Summary by Component Year Ending December 31, 2020 2021 MBV C2 Total NGL volumes hedged (Bbl) 244,800 113,700 Total NGL volumes hedged (Bbl/d) 890 312 Total weighted-average fixed/floor price ($/Bbl) $12.02 $11.01 MBV C3 Total NGL vo
Slide 10: Interest Rate Hedging: April 2020 through 2022
Interest Rate Hedging: April 2020 through 2022 Amplify’s interest rate hedges currently cover approximately 43% of $290 MM of RCF debt outstanding as of May 1, 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-Month
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