Denbury Resources Inc. Company News

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Denbury May Expand CO2 System Capacity 300%
Denbury Inc. is exploring a "significant expansion" in its system infrastructure capacity.
8:00 PM EST | April 26, 2021
Denbury to File Chapter 11
Denbury Resources Inc. became the latest debt-laden oil producer to say it will seek bankruptcy and hand ownership to lenders.
8:00 PM EST | July 28, 2020
Small Shale Stocks Lead Energy Rally Post OPEC Extension
Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed to extend output curbs.
8:00 PM EST | June 07, 2020
Denbury Sells Working Interest in Texas Oil Fields
Associated proved reserves were about 4.1 million barrels of oil as of Dec. 31, 2019.
7:00 PM EST | March 05, 2020
Denbury, Penn Virginia Terminate $1.7B Merger
The two companies agreed to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia for $1.7 billion.
8:00 PM EST | March 31, 2019
Denbury Acquires Penn Virginia in $1.7B Deal
Denbury Resources Inc. has entered into a definitive merger agreement to acquire Penn Virginia Corporation in a $1.7 billion deal.
8:00 PM EST | October 28, 2018
Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover.
7:00 PM EST | December 13, 2015
ConocoPhillips Agrees to Sell Cedar Creek Assets to Denbury
ConocoPhillips agreed to sell its properties in the Cedar Creek Anticline to Denbury Resources for $1.05B as it aims to focus on its unconventional Bakken position.
7:00 PM EST | January 14, 2013
Denbury Finalizes Second Phase of Bakken Exchange
Denbury Resources Inc. announced the closing of the second and final phase of its previously announced Bakken sale and asset exchange with ExxonMobil and its wholly-owned subsidiary XTO Energy.
7:00 PM EST | December 23, 2012
Denbury 3Q Profit Down 70% Amid Lower Prices, Derivatives Impacts
Denbury Resources Inc.'s third-quarter earnings fell 70% amid lower realized oil and natural gas prices and year-earlier derivatives-related income.
7:00 PM EST | November 05, 2012
ExxonMobil to Buy Denbury's Bakken Oil Shale Assets for $1.6B
ExxonMobil agreed to acquire Denbury's Bakken assets in North Dakota and Montana for $1.6B in cash, a move that increases its production acreage in the prolific oil shale region by nearly 50%.
8:00 PM EST | September 19, 2012
Denbury to Pay $360M for Texas Field
Denbury Resources announced Tuesday it has entered into an agreement to acquire Thompson Field in Fort Bend County, Texas from a private seller for $360 million in cash and a production payment.
8:00 PM EST | April 30, 2012
Denbury Finalizes Sale of Utah Assets
Denbury Resources Inc. has entered into a definitive agreement and completed the sale of certain non-operated assets in the Greater Aneth Field in the Paradox Basin of Utah.
8:00 PM EST | April 10, 2012
Denbury Divests Non-Core Assets
Denbury has entered into a definitive agreement with privately held Petro Harvester Oil and Gas to sell certain non-core assets primarily located in central and southern Mississippi and in southern Louisiana.
7:00 PM EST | January 11, 2012
Oil Price Slide May Hit Small Oil Companies' Spending Plans for 2012
An unexpected drop in oil prices is beginning to give small and medium-sized oil companies pause, even though larger oil companies seem unfazed by it.
8:00 PM EST | October 05, 2011
Denbury Waves Goodbye to President, COO
Denbury announced that Tracy Evans has resigned from his position as President and Chief Operating Officer.
8:00 PM EST | October 04, 2011
Denbury to Take Remaining Stake, Steer Riley Ridge Project
Denbury has entered into an agreement to acquire the 57.5% working interest it does not already own in the Riley Ridge Federal Unit located in southwestern Wyoming.
8:00 PM EST | June 27, 2011
Denbury Prices Senior Notes Offering at $400MM
Denbury has priced its offering of $400 million principal amount of Senior Subordinated Notes.
7:00 PM EST | February 03, 2011
Denbury Boosts Reserves by 92% in 2010
Denbury announced that its total proved oil and natural gas reserves as of December 31, 2010, were 397.9 MMBOE.
7:00 PM EST | February 02, 2011
Denbury to Sell Haynesville, East Tx. Natural Gas Assets
Denbury has entered into an agreement to sell its Haynesville and East Tx. natural gas assets for approximately $217.5MM to a private O&G co.
8:00 PM EST | October 11, 2010
Denbury Closes $900 Sale
Denbury closed the previously announced $900 million sale of oil and natural gas assets (primarily located in the Permian Basin, the Mid-continent area, and the East Texas Basin) to Quantum Resources Management.
8:00 PM EST | May 17, 2010
Denbury Pumps First Oil at Delhi EOR Project
Evolution Petroleum reported that operator Denbury Resources has commenced first oil production at the Delhi enhanced oil recovery project in Louisiana.
8:00 PM EST | April 04, 2010
Denbury to Sell Encore Properties for $900MM
Denbury will sell certain oil and natural gas properties recently acquired in the merger with Encore Acquisition Company for a sales price of $900 million.
8:00 PM EST | April 04, 2010
Denbury, Encore Get Green Light to Merge
Denbury Resources and Encore Acquisition Company jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury.
7:00 PM EST | March 08, 2010
Denbury Resources Reports 4Q and Full Year '09 Results
Denbury Resources announced its fourth quarter and full year 2009 financial and operating results.
7:00 PM EST | February 22, 2010
Denbury Commences Cash Tender Offers for Encore Notes
Denbury Resources has commenced cash tender offers to purchase any and all of three series of Encore Acquisition Company's outstanding senior subordinated notes.
7:00 PM EST | February 08, 2010
Denbury Prices $1B Offering of 2020 Notes
Denbury Resources has priced its offering of $1 billion principal amount of Senior Subordinated Notes due 2020.
7:00 PM EST | February 03, 2010
Denbury Resources Offers $1B of Senior Notes
Denbury Resources has filed a registration statement with the Securities and Exchange Commission relating to the public offering of $1 billion of Senior Subordinated Notes due 2020.
7:00 PM EST | February 01, 2010
Denbury Divests Barnett Properties
Denbury Resources Inc. announced Monday that on Dec. 30, 2009, it closed the previously announced sale of its remaining 40% working interest in Barnett Shale properties to Talon Oil & Gas LLC.
7:00 PM EST | January 03, 2010
Denbury Closes Purchase of Conroe Field
Denbury announced today that on Friday, December 18, 2009, it closed the previously announced purchase of interests in the Conroe Field from Wapiti Energy, LLC.
7:00 PM EST | December 21, 2009
Denbury to Buy Conroe Field, Divest Remaining Barnett Shale Assets
Upon completion of these transactions, Denbury will be in possession of more than one billion barrels of potential oil reserves, making Denbury one of the largest oil-focused independents in North America.
7:00 PM EST | December 02, 2009
Denbury Resources Reviews Third Quarter 2009 Earnings, Operations
Denbury Resources has posted net income for the third quarter of 2009 of $26.9 million.
7:00 PM EST | November 04, 2009
Denbury to Acquire Encore in $4.5B Deal
Denbury will acquire Encore in a transaction valued at approximately $4.5 billion, including the assumption of debt and the value of the minority interest in Encore Energy Partners LP.
7:00 PM EST | November 01, 2009
Denbury Completes Balance of Barnett Shale Sale
Denbury Resources announced that on July 15, 2009 it closed the sale of the remaining balance of its previously announced $270 million sale of 60% of its Barnett Shale natural gas assets.
8:00 PM EST | July 15, 2009
Denbury Resources Completes Majority of Its Barnett Shale Sale
Denbury Resources closed the sale of approximately three-quarters of its previously announced $270 million sale of 60% of its Barnett Shale natural gas assets.
8:00 PM EST | July 05, 2009
Denbury Resources Shuffles Executive Management
Denbury Resources has confirmed previously announced executive changes taking place today.
8:00 PM EST | June 29, 2009
Denbury Divests 60% of Barnett Shale Assets to Talon Oil & Gas
Denbury Resources has entered into an agreement to sell 60% of its Barnett Shale natural gas assets for $270 million to Talon Oil & Gas, a privately held company.
8:00 PM EST | May 12, 2009
Denbury Resources' First Quarter Results 'on Target with Expectations'
Denbury's CEO, Gareth Roberts, said, "We are pleased with our first quarter results as they were on target with our expectations."
8:00 PM EST | May 04, 2009
Denbury Grows Proved Reserve Quantities by 29%
Denbury announced that its total proved oil and natural gas reserves as of December 31, 2008 were 250.4 million barrels of oil equivalent.
7:00 PM EST | February 01, 2009
Volcano Gas Technology Possible Key to Unlock More North Sea Oil
Cutting edge technology from the United States that uses gas from an extinct volcano to extract more oil from mature fields is to be examined by UK Energy Minister Malcolm Wicks.
8:00 PM EST | May 04, 2008
Denbury's Q1 Earnings 339% Higher Than 2007
The Company posted quarterly earnings for the first quarter of 2008 of $73.0 million, or $0.30 per basic common share, 339% higher than first quarter 2007 net income of $16.6 million, or $0.07 per basic common share.
8:00 PM EST | April 30, 2008
Denbury's Q1 Production Stays Same as Q4 2007 Production
Denbury Resources reported that production for the quarter was 44,900 BOE/d, approximately the same as fourth quarter of 2007 production after adjusting for production from our Louisiana natural gas properties.
8:00 PM EST | April 30, 2008
Denbury Celebrates Record Annual and Quarterly Results
The Company posted record annual earnings for the full year 2007 of $253.1 million, or $1.05 per basic common share, 25% higher than 2006 net income of $202.5 million, or $0.87 per basic common share.
7:00 PM EST | February 20, 2008
Denbury Completes LA Property Sale
Denbury Resources entered into an agreement to sell its Louisiana natural gas assets in October 2007 to a privately held company for approximately $180 million plus any amounts received in the future from a net profits interest.
7:00 PM EST | February 20, 2008
Development and Exploration Budget Set at $900 Million by Denbury
Currently, over 50% of the remaining portion of our 2008 budget is expected to be spent on other tertiary related operations, over 25% in the Barnett Shale area, and the balance in other areas.
7:00 PM EST | February 20, 2008
Denbury Increases Production with Enventure Expandable Program
Enventure and Denbury recently set an expandable installation milestone: two Solid Expandable Tubular (SET) systems in two different wells with one crew in one day.
7:00 PM EST | December 02, 2007
Denbury's Stock Splits Two-for-One
Denbury stockholders have approved an increase in the number of authorized shares of common stock from 250 million shares to 600 million shares and to split its issued common stock two-for-one.
7:00 PM EST | November 19, 2007
Denbury Agrees to Sell Louisiana Natural Gas Assets
Denbury has agreed to sell its Louisiana natural gas assests for $180 million plus to a privately held company.
8:00 PM EST | October 18, 2007
Denbury Announces Two-For-One Stock Split
Denbury Resources announced Board approval of a two-for-one split of its common stock. The stock split is subject to stockholder approval to increase the number of authorized common stock from 250 to 600 million shares and split the stock.
8:00 PM EST | September 24, 2007
Denbury Considers Options for Louisiana Assets
Denbury Resources Inc. is evaluating strategic alternatives for its Louisiana assets, other than Louisiana oil properties with potential for tertiary recovery operations.
8:00 PM EST | May 23, 2007