Denbury Resources - Denbury Resources

Denbury Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Plano, Texas.

Current operations

The company's focus is on a method of oil extraction called enhanced oil recovery (tertiary recovery), which utilizes carbon dioxide to extract oil from fields that have been previously exploited.

The company's operations are focused in the Gulf Coast and Rocky Mountain regions.

As of December 31, 2015 Denbury had 289 million barrels of oil equivalent (1.77×10⁹ GJ) of estimated proved reserves, of which 97.5% was petroleum and 2.5% was natural gas.

The company also has an estimated 1.3 trillion cubic feet of probable carbon dioxide reserves at Jackson Dome.

The company's largest producing property is the Cedar Creek Anticline in Montana and North Dakota, which accounted for 25% of daily production in 2015.

History

The company began its enhanced oil recovery operations in August 1999, with the acquisition of the Little Creek Field.

The company began trading on New York Stock Exchange in May 1997.

In 2001, the company acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the means to transport it.

References

External links

• Company homepage
• Denbury Resources Inc. 2015 Form 10-K Annual Report