Amplify Energy Statement on Southern California Response
18 Oktober 2021 - 2:21PM
Amplify Energy Corp. (NYSE: AMPY) (“Amplify”, “Amplify Energy” or
the “Company”), parent company to Beta Operating Company, LLC,
issued the following statement regarding the ongoing environmental
remediation efforts in Southern California:
Over the course of the past two weeks, the
Amplify Energy team has worked closely with the
U.S. Coast Guard and the California Department of Fish and
Wildlife’s Office of Spill Prevention and Response (CDFW-OSPR) as
part of the Unified Command, and also with many other federal,
state and local agencies on the remediation efforts in
response to this event. We are grateful for the efforts of
all parties involved, and we will continue to collaborate closely
as cleanup and restoration progresses. On October 15, 2021, Unified
Command reported that trained oil observers and beach cleanup
contractors witnessed significant progress in cleanup operations
and are assessing the beaches to determine whether any further
treatment is needed.
We are fully committed to supporting the Unified
Command and complying with all regulatory requirements and
investigations. These investigations take time, given their
complexity, and Amplify Energy remains committed to cooperating
with the federal and state agencies looking into this matter. It is
our expectation that all other relevant parties will make this same
commitment. The sharing of information with regulatory agencies is
critical to understanding the events surrounding and potential
impacts of the incident, including the magnitude of the spill. On
October 14, 2021, the U.S. Coast Guard announced that it has a high
degree of confidence the size of the release was approximately 588
barrels, which is below the previously reported maximum estimate of
3,134 barrels.
Offshore energy development and maritime traffic
can and have coexisted in this region for decades and we are
committed to working with maritime stakeholders to investigate this
incident and ensure something like this does not happen again.
Amplify Energy is committed to safely operating
in a way that ensures the protection of the environment and the
surrounding communities – communities where many of our employees
live and raise their families. This commitment will continue to
guide our response to this incident, and we will work closely and
cooperate with all regulatory and governmental bodies.
For additional information on the Unified
Command response, visit: https://socalspillresponse.com/.
About Amplify Energy
Amplify Energy Corp. is an independent oil and
natural gas company engaged in the acquisition, development, and
production of oil and natural gas properties. Amplify’s operations
are focused in Oklahoma, the Rockies, federal waters offshore
Southern California, East Texas / North Louisiana, and the Eagle
Ford. For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Amplify expects, believes
or anticipates will or may occur in the future are forward-looking
statements. Terminology such as “will,” “would,” “should,” “could,”
“expect,” “anticipate,” “plan,” “project,” “intend,” “estimate,”
“believe,” “target,” “continue,” “potential,” the negative of such
terms or other comparable terminology are intended to identify
forward-looking statements. Amplify believes that these statements
are based on reasonable assumptions, but such assumptions may prove
to be inaccurate. Such statements are also subject to a number of
risks and uncertainties, most of which are difficult to predict and
many of which are beyond the control of Amplify, which may cause
Amplify’s actual results to differ materially from those implied or
expressed by the forward-looking statements. Please read the
Company’s filings with the Securities and Exchange Commission,
including “Risk Factors” in its Annual Report on Form 10-K, and if
applicable, its Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K, and other public filings and press releases for a
discussion of risks and uncertainties that could cause actual
results to differ from those in such forward-looking statements.
All forward-looking statements speak only as of the date of this
press release. All forward-looking statements in this press release
are qualified in their entirety by these cautionary statements.
Amplify undertakes no obligation and does not intend to update or
revise any forward-looking statements, whether as a result of new
information, future results or otherwise.
Media contact: media@amplifyenergy.com
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