| Item 7.01 | Regulation FD Disclosure. |
On June 21, 2022, the Company issued
a press release announcing the Borrower’s entrance into the Sixth Amendment. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Item 7.01
shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference
into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after
the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific
reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K, including
the exhibit hereto, includes “forward-looking statements.” All statements, other than statements of historical fact, included
in this Current Report on Form 8-K that address activities, events or developments that the Company expects, believes or anticipates will
or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,”
“should,” “expect,” “plan,” “project,” “intend,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “pursue,” “target,”
“outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking
statements. These statements include, but are not limited to, statements about the Company’s expectations of plans, goals, strategies
(including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities,
events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of
operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such
references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual
results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks
and uncertainties relating to, among other things: the ongoing impact of the oil incident that occurred off the coast of Southern California
resulting from the Company’s pipeline operations at the Beta field, the Company’s evaluation and implementation of strategic
alternatives; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial
capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to
acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs, the Company’s ability to access
funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial
covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including escalating tensions
between Russia and Ukraine and the potential destabilizing effect such conflict may pose for the European continent or the global oil
and natural gas markets; the impact of legislation and governmental regulations, including those related to climate change and hydraulic
fracturing; and the occurrence or threat of epidemic or pandemic diseases, including the COVID-19 pandemic, or any government response
to such occurrence or threat. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”),
including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/
or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ
from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this Current Report on Form 8-K. All forward-looking statements in this Current Report on Form 8-K are qualified
in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend
to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.