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MCS - Amplify Energy Highlights - March 25, 2020

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Amplify Energy announced a reduction in 2020 capex by 37%, or $17 million, to $29 million at midpoint, with most of the expenditures coming in Q1. The company has also initiated several additional cost reduction projects that will materially reduce LOE and G&A and positively impact free cash flow. Amplify, the successor to Memorial Production Partners, merged with Midstates Petroleum in May in a deal valued at $512.4......
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