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United States

Profile: Denbury Resources Inc (DNR.N)

DNR.N on New York Stock Exchange

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30 Sep 2016
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Denbury Resources Inc., incorporated on April 20, 1999, is an independent oil and natural gas company. The Company's operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. The Company's properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. The Company has estimated proved oil and natural gas reserves of approximately 288.6 million barrels of oil equivalent (MMBOE).

Gulf Coast Region

The Company's primary Gulf Coast carbon dioxide (CO2) source is Jackson Dome, which is located near Jackson, Mississippi. In addition to its natural source of CO2, the Company purchases CO2 from an industrial facility in Port Arthur, Texas and from an industrial facility in Geismar, Louisiana, which supplies approximately 60 Million Cubic Feet per Day of CO2 to the Company's enhanced oil recovery (EOR) operations. The Company holds interest in approximately 180-mile NEJD CO2 pipeline that runs from Jackson Dome to near Donaldsonville, Louisiana. The Company has access to over 950 miles of CO2 pipelines, which deliver CO2 throughout the Gulf Coast region. In addition to the NEJD CO2 pipeline, the pipelines in the Gulf Coast region are the Free State Pipeline (approximately 90 miles), the Delta Pipeline (over 110 miles), the Green Pipeline Texas (approximately 120 miles) and the Green Pipeline Louisiana (over 200 miles).

The Company's mature properties include its longest-producing properties, which are located along its NEJD CO2 pipeline in southwest Mississippi and Louisiana, and its Free State Pipeline in east Mississippi. The properties include the Company's initial CO2 field, Little Creek, as well as various other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu, Martinville, McComb and Soso fields. Delhi Field is located east of Monroe, Louisiana. Its Hastings Field is located south of Houston, Texas. Its Heidelberg Field is located in Mississippi and consists of an East Unit and a West Unit. Its Oyster Bayou Field is located in southeast Texas, east of Galveston Bay. Its Tinsley Field is located in Mississippi. Its Webster Field is located in Texas. Its Conroe Field is located north of Houston, Texas. Conroe Field has an estimated proved non-tertiary reserves of approximately 5.3 MMBOE. Thompson Field is located in Texas. Thompson Field has an estimated proved non-tertiary reserves of approximately 10.2 MMBOE.

Rocky Mountain Region

The Company's LaBarge Field is located in southwestern Wyoming. The Company's interest in LaBarge Field consist of approximately 1.2 trillion cubic feet (Tcf) of proved CO2 reserves. The Riley Ridge Federal Unit is also located in southwestern Wyoming and produces gas from the same LaBarge Field. The Company holds interest in Riley Ridge and minor surrounding acreage contained net proved reserves of approximately 2.8 Tcf of CO2 reserves. The 20-inch Greencore Pipeline in Wyoming is the first CO2 pipeline the Company has constructed in the Rocky Mountain region. Bell Creek Field is located in southeast Montana. Cedar Creek Anticline (CCA) is located in Montana. CCA consists of a series of approximately 10 different operating areas. CCA is located approximately 110 miles north of Bell Creek Field. The non-tertiary proved reserves associated with CCA are approximately 90.2 MMBOE. Hartzog Draw Field is located in the Powder River Basin of northeastern Wyoming, approximately 10 miles from its Greencore Pipeline. Hartzog Draw Field has an estimated proved reserves of approximately 4.3 MMBOE net to its interest, over 1.7 MMBOE, of which relate to the natural gas producing Big George coal zone.

Company Address

Denbury Resources Inc

5320 Legacy Dr
PLANO   TX   75024-3127
P: +1972.6732000
F: +1302.6555049

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