Denbury Resources Inc. Company News

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Denbury May Expand CO2 System Capacity 300%
Tuesday, April 27, 2021Denbury Inc. is exploring a "significant expansion" in its system infrastructure capacity.

Denbury to File Chapter 11
Wednesday, July 29, 2020Denbury Resources Inc. became the latest debt-laden oil producer to say it will seek bankruptcy and hand ownership to lenders.

Small Shale Stocks Lead Energy Rally Post OPEC Extension
Monday, June 08, 2020Small shale producers and offshore drillers are among stocks soaring after the wider OPEC+ group agreed to extend output curbs.

Denbury Sells Working Interest in Texas Oil Fields
Friday, March 06, 2020Associated proved reserves were about 4.1 million barrels of oil as of Dec. 31, 2019.

Denbury, Penn Virginia Terminate $1.7B Merger
Monday, April 01, 2019The two companies agreed to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia for $1.7 billion.

Denbury Acquires Penn Virginia in $1.7B Deal
Monday, October 29, 2018Denbury Resources Inc. has entered into a definitive merger agreement to acquire Penn Virginia Corporation in a $1.7 billion deal.

Report: With Oil Hedges Rolling Off, US Shale Producers Face Stiff Test
Monday, December 14, 2015Cash-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.

ConocoPhillips Agrees to Sell Cedar Creek Assets to Denbury
Tuesday, January 15, 2013ConocoPhillips 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.

Denbury Finalizes Second Phase of Bakken Exchange
Monday, December 24, 2012Denbury 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.

Denbury 3Q Profit Down 70% Amid Lower Prices, Derivatives Impacts
Tuesday, November 06, 2012Denbury Resources Inc.'s third-quarter earnings fell 70% amid lower realized oil and natural gas prices and year-earlier derivatives-related income.

ExxonMobil to Buy Denbury's Bakken Oil Shale Assets for $1.6B
Thursday, September 20, 2012ExxonMobil 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%.

Denbury to Pay $360M for Texas Field
Tuesday, May 01, 2012Denbury 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.

Denbury Finalizes Sale of Utah Assets
Wednesday, April 11, 2012Denbury 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.

Denbury Divests Non-Core Assets
Thursday, January 12, 2012Denbury 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.

Oil Price Slide May Hit Small Oil Companies' Spending Plans for 2012
Thursday, October 06, 2011An 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.

Denbury Waves Goodbye to President, COO
Wednesday, October 05, 2011Denbury announced that Tracy Evans has resigned from his position as President and Chief Operating Officer.

Denbury to Take Remaining Stake, Steer Riley Ridge Project
Tuesday, June 28, 2011Denbury 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.

Denbury Prices Senior Notes Offering at $400MM
Friday, February 04, 2011Denbury has priced its offering of $400 million principal amount of Senior Subordinated Notes.

Denbury Boosts Reserves by 92% in 2010
Thursday, February 03, 2011Denbury announced that its total proved oil and natural gas reserves as of December 31, 2010, were 397.9 MMBOE.

Denbury to Sell Haynesville, East Tx. Natural Gas Assets
Tuesday, October 12, 2010Denbury 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.

Denbury Closes $900 Sale
Tuesday, May 18, 2010Denbury 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.

Denbury Pumps First Oil at Delhi EOR Project
Monday, April 05, 2010Evolution Petroleum reported that operator Denbury Resources has commenced first oil production at the Delhi enhanced oil recovery project in Louisiana.

Denbury to Sell Encore Properties for $900MM
Monday, April 05, 2010Denbury will sell certain oil and natural gas properties recently acquired in the merger with Encore Acquisition Company for a sales price of $900 million.

Denbury, Encore Get Green Light to Merge
Tuesday, March 09, 2010Denbury Resources and Encore Acquisition Company jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury.

Denbury Resources Reports 4Q and Full Year '09 Results
Tuesday, February 23, 2010Denbury Resources announced its fourth quarter and full year 2009 financial and operating results.

Denbury Commences Cash Tender Offers for Encore Notes
Tuesday, February 09, 2010Denbury Resources has commenced cash tender offers to purchase any and all of three series of Encore Acquisition Company's outstanding senior subordinated notes.

Denbury Prices $1B Offering of 2020 Notes
Thursday, February 04, 2010Denbury Resources has priced its offering of $1 billion principal amount of Senior Subordinated Notes due 2020.

Denbury Resources Offers $1B of Senior Notes
Tuesday, February 02, 2010Denbury 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.

Denbury Divests Barnett Properties
Monday, January 04, 2010Denbury 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.

Denbury Closes Purchase of Conroe Field
Tuesday, December 22, 2009Denbury announced today that on Friday, December 18, 2009, it closed the previously announced purchase of interests in the Conroe Field from Wapiti Energy, LLC.

Denbury to Buy Conroe Field, Divest Remaining Barnett Shale Assets
Thursday, December 03, 2009Upon 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.

Denbury Resources Reviews Third Quarter 2009 Earnings, Operations
Thursday, November 05, 2009Denbury Resources has posted net income for the third quarter of 2009 of $26.9 million.

Denbury to Acquire Encore in $4.5B Deal
Monday, November 02, 2009Denbury 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.

Denbury Completes Balance of Barnett Shale Sale
Thursday, July 16, 2009Denbury 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.

Denbury Resources Completes Majority of Its Barnett Shale Sale
Monday, July 06, 2009Denbury Resources closed the sale of approximately three-quarters of its previously announced $270 million sale of 60% of its Barnett Shale natural gas assets.

Denbury Resources Shuffles Executive Management
Tuesday, June 30, 2009Denbury Resources has confirmed previously announced executive changes taking place today.

Denbury Divests 60% of Barnett Shale Assets to Talon Oil & Gas
Wednesday, May 13, 2009Denbury 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.

Denbury Resources' First Quarter Results 'on Target with Expectations'
Tuesday, May 05, 2009Denbury's CEO, Gareth Roberts, said, "We are pleased with our first quarter results as they were on target with our expectations."

Denbury Grows Proved Reserve Quantities by 29%
Monday, February 02, 2009Denbury announced that its total proved oil and natural gas reserves as of December 31, 2008 were 250.4 million barrels of oil equivalent.

Volcano Gas Technology Possible Key to Unlock More North Sea Oil
Monday, May 05, 2008Cutting 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.

Denbury's Q1 Earnings 339% Higher Than 2007
Thursday, May 01, 2008 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.

Denbury's Q1 Production Stays Same as Q4 2007 Production
Thursday, May 01, 2008Denbury 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.

Denbury Celebrates Record Annual and Quarterly Results
Thursday, February 21, 2008The 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.

Denbury Completes LA Property Sale
Thursday, February 21, 2008Denbury 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.

Development and Exploration Budget Set at $900 Million by Denbury
Thursday, February 21, 2008Currently, 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.

Denbury Increases Production with Enventure Expandable Program
Monday, December 03, 2007Enventure and Denbury recently set an expandable installation milestone: two Solid Expandable Tubular (SET) systems in two different wells with one crew in one day.

Denbury's Stock Splits Two-for-One
Tuesday, November 20, 2007Denbury 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.

Denbury Agrees to Sell Louisiana Natural Gas Assets
Friday, October 19, 2007Denbury has agreed to sell its Louisiana natural gas assests for $180 million plus to a privately held company.

Denbury Announces Two-For-One Stock Split
Tuesday, September 25, 2007Denbury 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.

Denbury Considers Options for Louisiana Assets
Thursday, May 24, 2007Denbury Resources Inc. is evaluating strategic alternatives for its Louisiana assets, other than Louisiana oil properties with potential for tertiary recovery operations.