Denbury Resources

Denbury Resources Inc.

Type	Public company
Traded as	NYSE: DNR
Industry	Petroleum industry
Headquarters	Plano, Texas, United States
Key people	Phil Rykhoek, President & CEO
Products	Petroleum Natural gas
Production output	72 thousand barrels of oil equivalent (440,000 GJ) per day
Revenue	US$1.257 billion (2015)
Net income	-US$4.385 billion (2015)
Total assets	US$5.919 billion (2015)
Total equity	US$1.248 billion (2015)
Number of employees	1,356 (2015)
Website	denbury.com

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.

External links

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