Amplify Energy gains on East Texas assets sales

Shares of oil and gas company Amplify Energy AMPY.N up 2.1% at $4.42 in premarket trade

Co says it will exit from its East Texas assets through two major transactions totaling $127.5 million

Co has agreed to sell its remaining Haynesville and Cotton Valley interests for $122 million, with the deal expected to close by the end of Q4

AMPY says last week it sold remaining interest in certain units in the Haynesville basin, Texas for $5.5 million
"The proceeds from the transaction will be used to pay down debt," AMPY adds
Up to last close, stock down 27.8% YTD