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Denbury Resources information


Denbury Inc
FormerlyDenbury Resources
Newscope Resources
IndustryPetroleum industry
Founded1951
DefunctNovember 3, 2023 (2023-11-03)
FateAcquired by ExxonMobil
HeadquartersPlano, Texas, United States
Key people
Christian S. Kendall, President & CEO
Mark C. Allen, CFO
ProductsPetroleum
Natural gas
Production output
48.770 thousand barrels of oil equivalent (298,370 GJ) per day
RevenueIncrease $1.258 billion (2021)
Net income
Increase $56 million (2021)
Total assetsIncrease $1.902 billion (2021)
Total equityIncrease $1.135 billion (2021)
Number of employees
716 (2021)
Footnotes / references
[1]

Denbury Inc. was a company engaged in hydrocarbon exploration and extraction via enhanced oil recovery, utilizing carbon dioxide to extract petroleum from fields that have been previously exploited. In November 2023 it was acquired by ExxonMobil.

The company's operations were focused in the Gulf Coast and Rocky Mountain regions. As of December 31, 2021, Denbury had 191.689 million barrels of oil equivalent (1.17273×109 GJ) of estimated proved reserves, of which 98.6% was petroleum and 1.4% was natural gas. The company also had an estimated 910 billion cubic feet of probable carbon dioxide reserves at Jackson Dome. The company's largest producing property was the Cedar Creek Anticline in Montana and North Dakota, which accounted for 23% of production in 2021.[1]

  1. ^ a b "Denbury Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.

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