Denbury – Oil & Gas 360

Exxon completes $4.9 billion Denbury acquisition

November 2, 2023

Oil Price ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder of the largest owned and operated CO2 pipeline network in the U.S. The deal, first announced in July this year, obtained Denbury shareholder approval earlier this week. The combination will further expand ExxonMobil’s

Carbon pipeline operator Denbury considered over 28 proposals prior to ExxonMobil deal

August 31, 2023

World Oil (Bloomberg) – Denbury Inc. held talks with more than two dozen potential buyers and rejected two offers from ExxonMobil Corp. before finally agreeing to sell itself to the Texas oil giant for $4.9 billion in stock last month. Executives and their advisers spoke with more than 28 parties, from international oil majors to pipeline operators, signing confidentiality agreements with 17

ExxonMobil announces acquisition of Denbury

July 13, 2023

Oil and Gas 360 Combined assets and capabilities further accelerate ExxonMobil’s Low Carbon Solutions business and create an even more compelling customer decarbonization proposition Leading CCS network underpins ExxonMobil’s commitment to low carbon value chains including CCS, hydrogen, ammonia, biofuels, and direct air capture Transaction synergies expected to enable more than 100 MTA of emissions reductions over time, driving strong

Exclusive: Denbury at EnerCom Denver-The Energy Investment Conference

August 18, 2022

Denbury Inc., a Delaware corporation, is an independent energy company with 191.7 MMBOE of estimated proved oil and natural gas reserves as of December 31, 2021, of which 97% is oil. Our operations are focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. The Company is differentiated by its focus on CO2 EOR and the emerging

Denbury explores options including possible sale – Bloomberg News

August 18, 2022

Investing Independent oil company Denbury Resources Inc (NYSE:DEN) is exploring its options, including a potential sale, Bloomberg said Wednesday, citing people with knowledge of the matter. Based in Plano, Texas, Denbury has been working with an advisor to assess strategic options, although the discussions may not result in a transaction, according to Bloomberg. Denbury shares surged over 12.8% on the back

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

July 21, 2022

Oil and Gas 360 Publisher’s Note: Denbury, Inc. is a presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and hear their story. High-quality storage reservoir less than 5 miles from Company’s CO2 infrastructure PLANO, Texas–(BUSINESS WIRE)– Denbury Inc. (NYSE: DEN) (“Denbury”) today announced that it has signed a definitive agreement with a

Denbury reports 2021 fourth quarter and full-year results

February 24, 2022

Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today…

Denbury, Penn Virginia Call Off Marriage – Back to Square One

March 22, 2019

Market conditions, shareholder opposition cited Denbury Resources Inc. (NYSE: DNR) and Penn Virginia Corporation (NASDAQ: PVAC) agreed to terminate the previously announced Denbury acquisition of Penn Virginia. Chris Kendall, Denbury’s President and CEO, commented, “While we firmly believed in the strategic merits of the combination with Penn Virginia, the difficult market conditions since announcement, combined with the opposition of certain

Denbury Pivots to Unconventionals with $1.7 Billion ‘New Frontier’

October 29, 2018

Acquiring Penn Virginia’s Eagle Ford presence Denbury Resources (ticker: DNR) announced a major change today, with the acquisition of Penn Virginia (ticker: PVAC). The $1.7 billion deal represents a significant shift for Denbury, adding unconventional assets to the company’s portfolio of conventional and EOR fields. Penn Virginia owns a major position in the Eagle Ford, holding over 84,000 net acres

Denbury: CO2 + Wyoming, Mississippi Acquisitions

June 20, 2017

Denbury Resources Inc’s (ticker: DNR) producing acreage is spread across seven states in both the Rocky Mountain and Gulf Coast regions, with an estimated 254.5 MMBOE of proved reserves, as of December 31st, 2016. Denbury’s primary operational trait is its utilization of CO2 enhanced oil recovery (EOR) methods to increase recovered oil to approximately 50%. The company sources much of

Elk Petroleum to Acquire Freeport-McMoRan’s Wyoming Gas and CO2 Production Assets

January 4, 2017

Elk secures second largest CO2 supply source in Wyoming for CO2 EOR; profitable production of ~3,400 BOEPD (20 MMSCFD+) Freeport-McMoRan has sold another group of oil and gas assets. Australia’s Elk Petroleum Ltd (ticker: ELK) has entered into a purchase and sale agreement with subsidiaries of Freeport-McMoRan Inc. (ticker: FCX) to acquire all of FCX’s interest in the Madden Gas Field,

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