Post Tagged with: "Denbury"

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

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

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

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

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

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

Denbury: CO2 + Wyoming, Mississippi Acquisitions

Denbury: CO2 + Wyoming, Mississippi Acquisitions

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 …

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

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

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 …