Amplify energy announces 37% reduction of 2020 capital expenditure budget

Amplify energy announces 37% reduction of 2020 capital expenditure budget, mtm hedge asset value of $130 million and expected federal royalty relief at its beta field.amplify energy corp - fy capex guidance has been reduced from a midpoint estimate of $46 million to a midpoint estimate of $29 million.amplify energy corp - revised capital budget is expected to be spent primarily in q1 of 2020.amplify energy corp - lowered its 2020 capital expenditure budget by approximately $17 million or 37%.amplify energy - also initiated several additional cost reduction projects that will materially reduce loe & g&a during remainder of 2020 and beyond.
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