Amplify Energy Corp. · NYSE:AMPY
Amplify Energy — Q4 2019 Earnings Presentation
11 slides from Amplify Energy's earnings presentation, Mar 5, 2020
Slide 1: Supplemental Presentation – Commodity and Interest Rate Hedging
Amplify Energy Corp. Supplemental Presentation – Commodity and Interest Rate Hedging | March 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: January 2020 through 2022
Amplify Hedging Overview: January 2020 through 2022 • Since November 6, 2019, we have added the following hedges: – Gas: 1.8 Bcf of swaps (@ $2.42) in 2021 and 1.8 Bcf of swaps (@ $2.43) in 2022 – Crude: 720 MBbls of swaps (@ $56.63) in 2020 • Mark-to-market hedge book value of approximately $58 mil
Slide 4: Natural Gas Hedging Summary
Natural Gas Hedging: January 2020 through 2022 • Amplify’s natural gas hedges cover approximately 52% of 2020 midpoint guidance production ‒ Hedged approximately 39 MMcf/d for 2020 ‒ Hedged approximately 21 MMcf/d for 2021 ‒ Hedged approximately 10 MMcf/d for 2022 Natural Gas Hedging Summary 50,000
Slide 5: Crude Oil Hedging Summary
Oil Hedging: January 2020 through 2022 • Amplify’s oil hedges cover approximately 77% of 2020 midpoint guidance production ‒ Hedged approximately 8.5 MBbl/d for 2020 ‒ Hedged approximately 3.8 MBbl/d for 2021 ‒ Hedged approximately 1.0 MBbl/d for 2022 Crude Oil Hedging Summary 9,000 $65.75 8,000 $50
Slide 6: NGL Hedging Summary
NGL Hedging: January 2020 through 2021 • Amplify’s NGL hedges cover approximately 47% of 2020 midpoint guidance production ‒ 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 $25.20 1,000 $24.25 0 2020 2021 Swap
Slide 7: Natural Gas and NGL Hedge Details: January 2020 through 2022
Natural Gas and NGL Hedge Details: January 2020 through 2022 Natural Gas / NGLs Hedge Summary Year Ending December 31, 2020 2021 2022 Natural Gas Derivative Contracts: Swap contracts: Volume (MMBtu) 7,200,000 5,850,000 3,600,000 Volume (MMBtu/d) 19,672 16,027 9,863 Weighted-average fixed price ($/MM
Slide 8: Oil Hedge Details: January 2020 through 2022
Oil Hedge Details: January 2020 through 2022 Oil Hedge Summary Year Ending December 31, 2020 2021 2022 NYMEX Oil Derivative Contracts: Swap contracts: Volume (Bbl) 2,556,600 1,395,000 360,000 Volume (Bbl/d) 6,985 3,822 986 Weighted-average fixed price ($/Bbl) $57.28 $56.05 $55.32 Collar contracts: V
Slide 9: NGL by Component Hedge Details: January 2020 through 2021
NGL by Component Hedge Details: January 2020 through 2021 NGLs Hedge Summary by Component Year Ending December 31, 2020 2021 MBV C2 Total NGL volumes hedged (Bbl) 327,300 113,700 Total NGL volumes hedged (Bbl/d) 894 312 Total weighted-average fixed/floor price ($/Bbl) $12.14 $11.01 MBV C3 Total NGL
Slide 10: Interest Rate Hedging: January 2020 through 2022
Interest Rate Hedging: January 2020 through 2022 • Amplify’s interest rate hedges currently cover approximately 45% of $280 MM of RCF debt outstanding as of February 28, 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-Mont
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