Amplify Energy (AMPY) has entered into a definitive merger agreement with privately held Juniper Capital to combine with certain Juniper portfolio companies which own substantial oil-weighted producing assets and significant leasehold interests in the DJ and Powder River Basins.

Amplify Energy (NYSE:AMPY) +1.8% pre-market Wednesday after announcing plans to merge with privately-held Juniper Capital's upstream Rocky Mountain portfolio companies in the DJ and Powder River Basins in Wyoming.

Oil and natural gas player Amplify Energy Corp (AMPY) shares declined over 9% on Wednesday after the company announced a merger agreement with Juniper Capital, a Texas-based energy investment firm. The deal seeks to merge Amplify with certain Juniper portfolio companies that own substantial oil-weighted producing assets and significant leasehold interests in the DJ and Powder River Basins.

Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it has entered into a definitive merger agreement (the “Merger Agreement” and the transactions contemplated thereby,