Amplify Energy Corp. (NYSE:AMPY) Q4 2023 Earnings Call Transcript

Martyn Willsher: Before we always try to survey our questions from our investors, one that we received that we did feel we wanted to kind of spend a little bit more time on is the timing of the Bairoil process from here. Bairoil a very technical asset. And so what we’ve started by doing is obviously reaching out to the most interested buyers, which is a pretty long list. And really working with them on the technical aspects of this deal. Keep in mind, we are running this as a parallel process between both in asset, outright asset sale and a monetization for a different kind of securitization or other structure. So that’s going to take a little bit longer than your traditional divestiture timing. We anticipate this will lead to some kind of results or decision somewhere between kind of the first quarter and second quarter earnings calls.

So probably sometime in that kind of mid-summer time frame, June, July, somewhere in there. So we expect to have more information as of the May call, but likely the kind of completing somewhere in the months in between that call and the August call. With that, I just wanted to say thank you to all of our employees for their outstanding efforts and dedication this year. I’d also like to express my appreciation to all of our stakeholders for their continuing support. Thank you for participating on the call today. And as always, if there are any questions, please don’t hesitate to reach out. Thank you, everyone.

Operator: This does conclude today’s program. Thank you for your participation. You may disconnect at any time.