HOUSTON - Amplify Energy Corp. (NYSE: NYSE:AMPY), an independent oil and natural gas company, announced today that it has noted the reports of an oil sheen off the coast of Huntington Beach, California.
The company stated that there is currently no evidence linking the sheen to its operations. Amplify Energy has pledged to maintain cooperation with the U.S. Coast Guard and other authorities, offering support as needed.
The company's portfolio includes oil and natural gas properties across several regions in the United States, including Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and the Eagle Ford (NYSE:F) area. Amplify Energy's involvement in the Southern California offshore area comes under particular scrutiny with the reported sheen, as the company operates in federal waters in the region.
Amplify Energy has a history of engaging in the acquisition, development, exploitation, and production of oil and natural gas properties. The company's operations are focused on both onshore and offshore assets, with a strategic presence in key energy-producing areas of the U.S.
The nature and potential impact of the oil sheen off Huntington Beach have not been detailed by Amplify Energy or the U.S. Coast Guard. The company has not released any further information on the measures it might take if the sheen is eventually linked to its operations.
The news comes as the industry faces increasing scrutiny over environmental concerns and the safety of offshore drilling operations. Oil spills and related incidents can have significant environmental and economic impacts, leading to heightened vigilance from both the industry and regulatory bodies.
Investors and the public are advised that the information in this report is based on a press release statement from Amplify Energy Corp. The company's Investor Relations contacts, as listed in the press release, are Jim Frew, SVP & Chief Financial Officer, and Michael Jordan, Director of Finance and Treasurer.
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