Denbury Resources
 | |
| Public company | |
| Traded as | NYSE: DNR |
| Industry | Petroleum industry |
| Headquarters | Plano, Texas, United States |
Key people | Phil Rykhoek, President & CEO |
| Products |
Petroleum Natural gas |
Production output | 72 thousand barrels of oil equivalent (440,000 GJ) per day [1] |
| Revenue |
 US$1.257 billion (2015)[1] |
|
-US$4.385 billion (2015)[1] | |
| Total assets |
US$5.919 billion (2015)[1] |
| Total equity |
US$1.248 billion (2015)[1] |
Number of employees | 1,356 (2015)[1] |
| Website |
denbury |
Denbury Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Plano, Texas.
Current operations
The company's focus is on a method of oil extraction called enhanced oil recovery (tertiary recovery), which utilizes carbon dioxide to extract oil from fields that have been previously exploited.[1]
The company's operations are focused in the Gulf Coast and Rocky Mountain regions.[1]
As of December 31, 2015 Denbury had 289 million barrels of oil equivalent (1.77×109 GJ) of estimated proved reserves, of which 97.5% was petroleum and 2.5% was natural gas.[1]
The company also has an estimated 1.3 trillion cubic feet of probable carbon dioxide reserves at Jackson Dome.[1]
The company's largest producing property is the Cedar Creek Anticline in Montana and North Dakota, which accounted for 25% of daily production in 2015.[1]
History
The company began its enhanced oil recovery operations in August 1999, with the acquisition of the Little Creek Field.[1]
The company began trading on New York Stock Exchange in May 1997.[1]
In 2001, the company acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the means to transport it.[2]