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Denbury Resources


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Denbury Resources, Inc. is an oil and natural gas company. The company primarily operates in the Rocky Mountains and the Gulf Coast areas, with its focus on oil recovery using carbon dioxide.

The company’s Rocky Mountain reserves are in North Dakota, Montana and Wyoming, while its Gulf Coast reserves include locations in Louisiana, Texas, Alabama and Mississippi. Its portfolio includes exploring, drilling, engineering and extraction of oil and gas operations.
Denbury Resources, Inc. is headquartered in Plano (Dallas), Texas.

The company employs approximately 850 people.


  • The company is incorporated in 1951 and named Kay Lake Mines Limited. It is renamed Newscope Resources Limited in 1984 and a year later changes its name to Denbury Resources. The company has its initial public offering in 1997. In 1998 Denbury buys properties priced at US Dollar 202 million from Chevron Corporation.
  • Its portfolio expands into the oil recovery industry with the purchase of Little Creek Field in 1999. In 2001 Denbury buys Matrix Oil & Gas for a price of US Dollar 138 million, NEJF Pipeline and carbon dioxide reserves from Jackson Dome. In 2009 Devon Energy and Hogshead Spouter Co. purchases the company’s Barnett Shale assets.
  • During the next few years several companies are bought, including Encore Acquisition Company in a transaction valued at US Dollar 4.6 billion, Thompson Field for US Dollar 360 million and Bakken Formation for US Dollar 16 billion.


  • Denbury Resources, Inc.’s goal is to increase the value of its properties through recovery operations. The company follows strict compliance with laws and regulations and minimizes its environmental footprint. It corrects existing environmental issues on older properties and reduce future issues. Routine audits are conducted, and the company creates opportunities to improve its Health, Safety and Environmental (HSE) performance by providing training and establishing measurement systems to observe results.
  • High standards are followed to protect the environment. Wildlife and plant species as well as soil quality are protected. New operations follow an early avoid-minimize-restore-compensate sequence.
  • Denbury and its employees contribute to charitable organizations, educational institutions, fundraiser programs and other initiatives. The company has a matching gifts program that matches employee contributions.
  • Several organizations benefit from the company and its employees’ contributions, such as Habitat for Humanity, Children’s Medical Center Holiday Parade, Boys and Girls Club, Homes for our Troops, Legal Aid of Northwest Texas, Warrior Family Support Center as well as Susan G. Komen Race for the Cure.


  • Denbury Resources, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “DNR”.
  • Data analysis for the company’s quarterly period ending June 30, 2019 reports total revenues and other income of US Dollar 343,365 thousand. Total assets are US Dollar 4,732,034 thousand and net income is US Dollar 146,692 thousand.
  • Cash and cash equivalents are US Dollar 341 thousand. Net cash provided by operating activities are US Dollar 213,000 thousand. Net cash used in investing activities are US Dollar 159,139 thousand.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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