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The Latest Breaking News from Amplify Energy

POWR Stock of the Week Under $10: Amplify Energy (AMPY)

The oil chart looks like it's bottoming here after a drawdown in prices in the last quarter of 2023. Improving economic conditions, and further potential cold weather patterns in a few weeks, could help play a role in the bottoming process. Looking for undervalued oil assets is a great way…

StockNews.com

Pipeline connected to 2021 oil spill set to restart off Huntington Beach

The pipeline that ruptured and spewed about 25,000 gallons of oil into the ocean off Huntington Beach, California, in October 2021 is being refilled with oil and is expected to be in use again sometime this month, pipeline operator Amplify Energy said Monday, April 10.

The Orange County Register

Shipping firms to pay pipeline company nearly $100 million in Calif. oil spill

LOS ANGELES — A year and a half after a ruptured oil pipeline sent thousands of gallons of crude gushing into the waters off Southern California, the legal blame game is starting to wind down.

Los Angeles Times

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Benzinga

Huntington Beach oil spill: $50 million settlement agreed to for locals hurt financially

Amplify Energy will pay $50 million to individuals and businesses that lost money last year when nearly 25,000 gallons of oil flowed into the ocean from of a ruptured pipeline about 4 miles off the coast of Huntington Beach, California, according to terms of a preliminary class action settlement filed…

The Orange County Register

Pipeline operators agree to plead guilty in Orange County oil spill and pay nearly $13 million

LOS ANGELES — Three Texas companies agreed Friday to plead guilty to federal environmental charges and pay nearly $13 million in connection with the crude oil spill that fouled Southern California’s coastline last fall.

Los Angeles Times

Pipeline operator agrees to guilty plea in California spill

A pipeline operator and two subsidiaries have agreed to plead guilty to negligently discharging oil off the Southern California coast in connection with a pipeline break that covered beaches with blobs of crude

The Independent UK

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Amplify Energy reaches tentative settlement deal in California oil spill lawsuits

LOS ANGELES — The Texas company that operates the oil pipeline that sent at least 25,000 gallons of crude gushing into the waters off Southern California in a spill last fall has tentatively agreed to settle more than a dozen lawsuits brought by Orange County business owners and residents.

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