Revolution Resources acquires Oklahoma assets from Amplify Energy
Revolution Resources III, a privately held exploration and production company based in Oklahoma, has closed a deal to acquire assets in the state from Amplify Energy Corp.
Amplify Energy announced the agreement in November, noting it would divest its liquids-rich oil and gas interest in Oklahoma for $92.5 million.
The acreage consists of about 95,000 net (112,000 gross) prospective acres in the Mississippian Lime trend in the Woods and Alfalfa Counties of Oklahoma with estimated net proved reserves of 27.0 MMboe as of Dec. 31, 2024, as detailed on Amplify Energy’s website. The site noted 373 wells (gross), 275 wells (net), and third-quarter 2025 production of 4,400 boe/d.
Amplify’s restructuring
Amplify Energy has divested various assets this year as part of a larger plan to reduce debt and simplify the company. The company has now sold oil and gas properties in East Texas, Eagle Ford, and Oklahoma.
East Texas and Louisiana assets were sold to EQV Alpha LLC for around $122 million. The assets are primarily located in Joaquin, Carthage, Willow Springs, and East Henderson fields in East Texas. The gas-weighted properties collectively contained 167.9 bcfe of estimated net proved reserves as of Dec. 31, 2024, Amplify noted on its website. Third-quarter 2025 production was 50.1 MMcfed.
Earlier this year, as part of that same plan, Amplify sold to Murphy Exploration & Production Co – USA, a unit of Murphy Oil Corp., non-operated working interest in Eagle Ford assets.
Dan Furbee, Amplify’s chief executive officer, said that with the closing of separate deals to sell East Texas and Oklahoma assets, the company “intends to focus its resources on its highest upside assets,” in California and Wyoming.
The company’s oil-producing California properties (Beta) include: two wellbore production platforms and one production handling and processing platform. The Beta properties also include the San Pedro Bay Pipeline Co., which owns and operates a 16-in. OD oil pipeline that extends about 17.5 miles from one of the Beta platforms to the Beta pump station onshore at the Port of Long Beach, Calif., and an onshore tankage and metering facility. The Beta properties contained 19.1 million bbl of estimated net proved oil reserves as of Dec. 31, 2024.
The company’s liquids-heavy Rockies properties in Wyoming include assets primarily in Lost Soldier and Wertz fields (Bairoil complex).