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Of all the oil and gas E&P (exploration and production) firms I have looked at in the industry in recent years, one of the more interesting firms is Amplify Energy (AMPY). After coming out of bankruptcy as a restructured entity, the company eliminated debt and quickly began rewarding shareholders through share buybacks (a rarity in the industry even today outside of the major players). I wasn't terribly surprised, then, when news broke that the management team at the business struck a deal with a similar E&P firm, Midstates Petroleum Company (MPO),