Denbury Postpones Third Quarter Earnings Call to Thursday, November 5th

Provides Limited Third Quarter Results
DALLAS--(Business Wire)--
Denbury Resources Inc. (NYSE: DNR) ("Denbury" or the "Company") announced today
that as a result of the definitive merger agreement to acquire Encore
Acquisition Company in a $4.5 billion transaction, the details of which were
announced separately, it is postponing its previously scheduled earnings release
and conference call regarding third quarter 2009 results from Tuesday, November
3rd to Thursday, November 5th, 2009. You are invited to listen to our conference
call broadcast live over the Internet on Thursday, November 5, 2009 at 11:00
a.m. CST. Phil Rykhoek, Chief Executive Officer, Tracy Evans, President and
Chief Operating Officer, Mark Allen, Senior Vice President and Chief Financial
Officer, and Bob Cornelius, Senior Vice President - Operations will lead the
call. The call may be accessed on our website at www.denbury.com. If you are
unable to participate during the live broadcast, the call will be archived on
our website for approximately 30 days. The audio portion of the call will also
be available for playback by phone for one month after the call by dialing
877-344-7529 or 412-317-0088 and entering replay code number 434583.

Denbury Third Quarter 2009 Production Update

In light of the delayed quarterly results, the Company is announcing limited
third quarter information. Production for the third quarter of 2009 averaged
42,659 BOE/d, an 11% increase from third quarter 2008 production after adjusting
for the 2009 sale of 60% of the Company`s Barnett Shale natural gas assets.
During the third quarter of 2009, the Company`s tertiary production averaged
24,347 Bbls/d, a 23% increase from third quarter 2008 production.

As previously announced, as a result of the sale of 60% of the Company`s Barnett
Shale properties, the Company lowered its 2009 production guidance to an
adjusted full year 2009 average of 47,500 BOE/d, and the Company is reaffirming
this annual target. As a result of a combination of minor factors, the Company
is reducing its 2009 tertiary production guidance by 1%, from 24,500 Bbls/d to
24,200 Bbls/d, which represents a 25% increase over its 2008 average tertiary
production level. The Company`s tertiary production has continued to increase
early in the fourth quarter and has averaged between 25,500 and 26,000 Bbls/d
during the last two weeks of October 2009, on track to meet its revised annual
target of 24,200 Bbls/d. The Company anticipates that its average 2010 tertiary
production will be approximately 27,000 Bbls/d, a projected 12% increase over
2009 projected levels.

Analyst Conferences

Denbury will be hosting a conference for analysts and asset managers on November
12, 2009 in Jackson, Mississippi, with several of the Company`s senior
management presenting specific operational and financial updates. The Company
presentation will be webcast live on Denbury`s website, www.denbury.com, on
November 12th from 2:00 p.m. CST to approximately 5:00 p.m. CST, and will be
archived and available on the same website for approximately 30 days following
the conference. The slide presentation that will be used at the conference will
be available on Denbury`s website on November 12th, and will include updated
operational and comparative financial data and an in-depth review of the
Company`s significant properties. The presentations will be followed by a field
trip on November 13th to one of Denbury`s tertiary oil fields. To date,
approximately 39 analysts and selected asset managers have signed up for the
conference.

Following the November 12th conference, Denbury will also be hosting a summary
conference for analysts and asset managers on November 16, 2009 in New York, and
on November 18, 2009 in Boston, from 8:00 a.m. EST to approximately 10:00 a.m.
EST. Registration is ongoing. For additional information, please contact Laurie
Burkes at 972-673-2166 or laurie.burkes@denbury.com.

Denbury Resources Inc. (www.denbury.com) is a growing independent oil and
natural gas company. The Company is the largest oil and natural gas operator in
Mississippi, owns the largest reserves of CO2 used for tertiary oil recovery
east of the Mississippi River, and holds interests in the Barnett Shale play
near Fort Worth, Texas, and properties onshore in Louisiana, Alabama and
Southeast Texas. The Company`s goal is to increase the value of acquired
properties through tertiary recovery operations, along with a combination of
exploitation, drilling and proven engineering extraction practices.

Denbury Resources Inc.
Phil Rykhoek, Chief Executive Officer, 972-673-2000
or
Mark Allen, Sr. VP and Chief Financial Officer, 972-673-2000
www.denbury.com

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