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Amplify Energy 2023 Sustainability Report cover
Amplify Energy 2023 Sustainability Report cover
Amplify Energy 2022 Sustainability Report cover

Our Commitment to Sustainability

“We have been pleased by the positive response from stakeholders concerning our Sustainability Report in 2022 and 2023. We are happy to present condensed 2024 results which provides further transparency to our stakeholders regarding our business and operating practices.”

Dan Furbee – Chief Executive Officer

Environmental

We are committed to working to protect and preserve the environment in all aspects of our business, including production operations, well work programs and decommissioning activities. We maintain strict compliance with applicable federal, state and local laws and regulations in our operations, and we expect our contractors to have similar programs and procedures in place as we work together toward a shared goal. Our efforts to minimize our operational impact are multi-faceted, including seeking to reduce air emissions, preventing spills, safeguarding local water supplies, and utilizing drilling, completion, and operational technologies that we consider to be best-in-class. In addition to reducing our impact on the environment, our efforts are designed to improve efficiency, lower costs, and reduce risk, resulting in a more stable business that benefits all of our stakeholders.

Metric

2018

2019

2020

2021

2022

2023

2024

Gross global Scope 1 emissions

404,244

278,383

264,952

233,792

211,652

150,497

167,778

including percentage methane
(metric tons CO2-e)

42% methane (CH4)

44% methane (CH4)

46% methane (CH4)

51% methane (CH4)

58% methane (CH4)

46% methane (CH4)

41% methane (CH4)

 

 

 

 

 

 

 

SASB EM-EP-110a.1

 

 

 

 

 

 

 

Amount of gross global Scope 1 emissions
from: (1) flared hydrocarbons (2) other combustion (3) process emissions (4) other vented emissions, and (5) fugitive emissions
(metric tons CO2-e)

(1) 39,916
(2) 196,319
(3) 670
(4) 114,680
(5) 52,659

(1) 44,965
(2) 111,453
(3) 647
(4) 76,758
(5) 44,560

(1) 31,351
(2) 112,191
(3) 622
(4) 78,181
(5) 42,607

(1) 9,927
(2) 104,727
(3) 611
(4) 76,730
(5) 41,797

(1) 17,835
(2) 71,669
(3) 268
(4) 76,032
(5) 45,848

(1) 15,901
(2) 63,326
(3) 172
(4) 31,100
(5) 39,998

(1) 11,011
(2) 78,550
(3) 301
(4) 37,837
(5) 40,079

 

 

 

 

 

 

 

 

SASB EM-EP-110a.2

Scope 1 emissions intensity rate

12.3

9.6

9.4

9.7

10.1

6.3

7.0

(metric tons CO2-e / gross annual operated production (MBoe))

Percentage of Scope 1 covered under emissions-limiting regulations

100%

100%

100%

100%

100%

100%

100%

Social

We believe the keys to our success include valuing our employees, enhancing operational excellence and giving back to the communities in which we operate. We endeavor to create and maintain a safe, healthy, and injury-free workplace for employees and contractors, and safety is a critical core value for the Company. We strive to attract and retain the best talent by providing a culture of innovation and appreciation for our team. Additionally, we provide competitive compensation and benefit programs that care for our employees holistically. We spend considerable time and resources to advance the safety, health, and consistent professional development of our workforce. We will continue to work to promote honesty and integrity, treating people fairly, high performance, efficient and effective processes, open communication and being respected in our local communities. These values establish the foundation on which our culture has been built and represent the key expectations we have for our employees.

Metric

2021

2022

2023

2024

TRIR for (a) full-time employees, (b) contract employees

(a) Full-time: 0.50
(b) Contract: 0.00

(a) Full-time: 1.3
(b) Contract: 0.60

(a) Full-time: 1.8
(b) Contract: 0.00

(a) Full-time: 0.4
(b) Contract: 1.4

SASB EM-EP-320a.1

Fatality rate for (a) full-time employees, (b) contract employees

(a) Full-time: 0.00
(b) Contract: 0.00

(a) Full-time: 0.00
(b) Contract: 0.00

(a) Full-time: 0.00
(b) Contract: 0.00

(a) Full-time: 0.00
(b) Contract: 0.00

SASB EM-EP-320a.1

Near miss frequency rate (NMFR)

4.41

4.87

8.83

8.11

 

SASB EM-EP-320a.1

Average hours of health, safety, and emergency response training for (a) full-time employees, (b) contract employees

Not available

(a) Full-time: 0.50
(b) Contract: 30.0

(a) Full-time: 53.0
(b) Contract: 30.0

(a) Full-time: 53.0
(b) Contract: 30.0

 

SASB EM-EP-320a.1

 

 

 

 

Governance

We are committed to effective and sustainable corporate governance, which we believe strengthens accountability, promotes the long-term interests of our stakeholders and helps build public trust in our Company. We focus on conducting our business with honesty and integrity in accordance with the highest legal and ethical standards, which we believe supports our efforts to further integrate sustainable business practices to achieve long-term results. We believe driving these fundamentals across the business is key to our success and resilience. Our Board and its committees are responsible for our strategy and governance, and our management team provides oversight and resources to our workforce to demonstrate our commitment to fairness and integrity.