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Denbury Resources Inc (DNR.N)

DNR.N on New York Stock Exchange

23 Jun 2017
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$0.10 (+7.41%)
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Latest Key Developments (Source: Significant Developments)

Denbury Resources to acquire interest in Rockies CO Flood
Tuesday, 30 May 2017 06:30am EDT 

May 30 (Reuters) - Denbury Resources Inc :Denbury Resources to acquire interest in Rockies CO2 Flood.Deal for ‍$71.5 million​.Denbury plans to initially fund acquisition with its bank line​.Says estimated capital costs for 2017 are approximately $5 million.‍Net production for acquired interest is currently estimated at 2,100 barrels per day and is expected to increase over next several years​.Anticipates deal's cost would ultimately be offset through sale of non-productive surface acreage.‍Expects to recognize an additional 9 mmbbls of proved undeveloped reserves based on current development plans for acquired interest.Denbury Resources says "acquisition builds on our goal of resuming production growth by 2018".Acquisition's price "should improve our credit metrics in near term".‍Entered into agreement with certain units of Linn Energy to acquire their 23% non-operated working interest in salt creek field in Wyoming​.  Full Article

Denbury reports Q1 earnings per share $0.05
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Denbury Resources Inc : :Denbury reports first quarter 2017 results; announces reaffirmation of borrowing base and amendment to credit facility.Q1 earnings per share $0.05.Q1 adjusted non-gaap loss per share $0.02 excluding items.Q1 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Denbury resources inc qtrly revenues $272 million versus $194 million a year ago.Denbury Resources Inc - "believe we are close to arresting decline in our production and are now moving into a period of stable to growing production".Denbury Resources Inc - "expect full-year loe per boe to be close to our prior guidance of around $20 per boe".Denbury Resources Inc - production averaged 59,933 barrels of oil equivalent per day during q1 of 2017.Denbury Resources Inc - 2017 capital budget remains unchanged from previously estimated amount of approximately $300 million.Q1 revenue view $248.2 million -- Thomson Reuters I/B/E/S.  Full Article

Denbury Resources says board intends to elect Christian Kendall CEO
Tuesday, 21 Mar 2017 04:30pm EDT 

Denbury Resources Inc : Denbury resources inc says phil rykhoek, company's chief executive officer will retire . Denbury resources inc - company's board of directors intends to elect christian s. Kendall as chief executive officer . Denbury resources inc- rykhoek will leave his board position when he retires from his ceo role . Denbury resources inc says board currently intends for kendall to replace rykhoek as a director of company .Denbury resources inc - rykhoek will continue in a part-time advisory role until january 2018 as part of leadership transition.  Full Article

Denbury posts Q4 loss per share of $0.99
Thursday, 23 Feb 2017 06:30am EST 

Denbury Resources Inc : Denbury reports 2016 fourth quarter and annual results . Q4 loss per share $0.99 . Q4 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S . Q4 adjusted non-gaap loss per share $0.02 excluding items . Denbury resources inc- continuing production averaged 60,685 boe/d during q4 of 2016 . Qtrly revenues and commodity derivative settlements combined $234 million versus $344 million .Denbury resources - total lease operating expenses in q4 $106 million, decrease of $22 million, or 17% on absolute-dollar basis when compared to q4 2015.  Full Article

Denbury Q2 loss per share $1.03
Thursday, 4 Aug 2016 06:30am EDT 

Denbury Resources Inc : Denbury reports second quarter 2016 results . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Q2 loss per share $1.03 . Q2 adjusted non-gaap earnings per share $0.08 . Q2 earnings per share view $0.02, revenue view $288.3 million -- Thomson Reuters I/B/E/S .Q2 revenue $305 million versus $498 million.  Full Article

Evolution Petroleum announces settlement of Denbury litigation
Wednesday, 29 Jun 2016 06:45am EDT 

Evolution Petroleum Corp : Evolution Petroleum announces settlement of Denbury litigation . Evolution Petroleum announces settlement of Denbury litigation . Evolution Petroleum Corp says pursuant to settlement agreement, evolution will receive a cash payment of $27.5 million on or prior to June 30, 2016 . Entered into a settlement agreement regarding its litigation with Denbury Onshore, Llc, a subsidiary of Denbury Resources . Parties also reached agreements on other contractual issues related to co's proportionate ownership of co 2 recycle facility . In addition, evolution will convey to Denbury approximately 0.2% of its overriding royalty interest effective as of july 1, 2016 . Substantial majority of cash settlement proceeds expected to be offset by existing net operating loss .Settlement further provides evolution access to certain geological, geophysical and technical information regarding delhi field.  Full Article

Denbury Resources Inc Announces Suspension of Dividend
Monday, 21 Sep 2015 07:00am EDT 

Denbury Resources Inc:Decided to suspend the company's current $0.0625 per share quarterly cash dividend, beginning with the fourth quarter of 2015.Says company will pay its previously announced third quarter cash dividend on September 29.Says company will free up approximately $22 million of cash each quarter, or $88 million annually.Reinstated ability for co to repurchase shares under previous share repurchase program which was suspended in November of 2014.Says benefit from hedges will begin to diminish in the fourth quarter of 2015.Expect to reinstate a dividend in the future, but the timeline for doing so is uncertain.  Full Article

Denbury Resources Inc gives FY 2015 production guidance
Wednesday, 5 Aug 2015 06:00am EDT 

Denbury Resources Inc:Sees FY 2015 total production of between 72,500 (BOE/d) - 75,500 (BOE/d).  Full Article

Denbury Resources declares quarterly cash dividend
Tuesday, 28 Jul 2015 04:30pm EDT 

Denbury Resources Inc:Declares a quarterly cash dividend of $0.0625 per common share.Payable on Sept. 29, to shareholders of record as of the close of business on Aug. 25.  Full Article

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