Amplify Energy Corp., a prominent player in the energy sector, is headquartered in the United States, with significant operations across key regions including California and Texas. Founded in 2019, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and operation of mature oil and natural gas assets. Specialising in the production of hydrocarbons, Amplify Energy is recognised for its commitment to sustainable practices and operational efficiency. The company’s unique approach to asset management and its emphasis on innovative technologies have positioned it as a competitive force in the market. With a strong portfolio of core services, including exploration, production, and environmental stewardship, Amplify Energy Corp. continues to achieve notable milestones, reinforcing its reputation as a reliable energy provider.
How does Amplify Energy Corp.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Amplify Energy Corp.'s score of 2 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Amplify Energy Corp. reported a Scope 1 emissions intensity rate of approximately 6,900 kg CO2e per tonne. This figure reflects the company's operational emissions, although specific total emissions data for the year is not disclosed. The previous year, 2022, saw a higher Scope 1 emissions intensity rate of about 10,100 kg CO2e per tonne, indicating a potential improvement in emissions efficiency. Over the past five years, Amplify Energy's Scope 1 emissions intensity has shown fluctuations, with rates of approximately 9,700 kg CO2e per tonne in 2021, 9,400 kg CO2e per tonne in 2020, and 9,600 kg CO2e per tonne in 2019. The highest recorded intensity was in 2018, at about 12,300 kg CO2e per tonne. Currently, Amplify Energy Corp. has not established any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company does not appear to have cascaded emissions data from a parent or related organization, maintaining its own reporting standards. As a player in the energy sector, Amplify Energy is positioned within an industry increasingly scrutinised for its environmental impact, highlighting the importance of transparent emissions reporting and commitment to climate action.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Amplify Energy Corp. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.