Denbury Inc. (formerly Denbury Resources)
About
Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. The company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO₂ EOR operations.
Denbury has changed its corporate name from Denbury Resources Inc. to Denbury Inc. on Sept. 15, 2020.
Editor's note: Updated Sept. 22, 2020.
Transactions
Denbury to Grow Rocky Mountain Footprint with Devon Energy Bolt-on Acquisition
Denbury to Grow Rocky Mountain Footprint with Devon Energy Bolt-on Acquisition
Denbury Reacquires Midstream Assets From Genesis Energy
Denbury Reacquires Midstream Assets From Genesis Energy
Denbury To Farm-Down 50% Working Interest In Four Texas Oil Fields To Israel's Navitas
Denbury To Farm-Down 50% Working Interest In Four Texas Oil Fields To Israel's Navitas
Denbury Adds Eagle Ford Core With $1.7 Billion Penn Virginia Merger
Denbury Adds Eagle Ford Core With $1.7 Billion Penn Virginia Merger
Triple Threat: Linn Hits $900 Million With Denbury Deal
Triple Threat: Linn Hits $900 Million With Denbury Deal
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New Financings
Announced its board of directors authorized a share repurchase program under which the company may…
Closed on its previously announced private offering of $450 million aggregate principal amount of 7.5%…
Announced the commencement of a private offering of $400 million aggregate principal amount of new senior…
Entered into a sixth amendment to its amended and restated credit agreement with JPMorgan Chase Bank and…
Priced and upsized to $450 million of its previously announced private offering of $400 million aggregate…
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News
INEOS Looking Across Lower 48 for More Shale PDP
U.K.-headquartered international hydrocarbons conglomerate INEOS is seeking the mature U.S. shale assets that don’t have the upside growth potential publicly held U.S. operators need.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
NOV Appoints Former Denbury CEO Chris Kendall to Board
NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.
Exxon Adds 270,000 Acres for Largest Carbon Storage Site in the US
Exxon Mobil has leased acreage on the Gulf Coast from the Texas General Land Office for carbon capture and storage.
Exxon Mobil Ramps Up $400MM CCS Project in Wyoming
The $400 million project will expand capture capacity by up to about 1.2 million metric tons of CO2 per year, Exxon Mobil said.
California Resources Corp. Nominates Christian Kendall to Board of Directors
California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.
Exclusive: Chris Kendall Tells Industry Pursuers to 'Keep an Open Mind'
Former CEO of Denbury Chris Kendall tells people in the energy industry to keep an open mind on different aspects and make your own decisions, in this Hart Energy LIVE Exclusive interview.
CEO Darren Woods: Exxon’s Early Lithium Production Efforts ‘Promising’
The U.S. oil giant has quietly evaluated opportunities to produce lithium from subsurface brine water in Arkansas—a process Exxon says is an extension of its current upstream capabilities.
Exxon Mobil Closes $4.9 Billion Acquisition of Denbury
Exxon Mobil’s acquisition of Denbury adds more than 1,300 miles of CO2 pipeline, including nearly 925 miles of pipelines in Louisiana, Texas and Mississippi.
More Consolidation Could Increase Focus on Emissions Reduction
‘Consolidation is going to translate to probably more intensive efforts around low carbon,’ Pickering Energy Partners founder says in the wake of Exxon Mobil's massive acquisition of Pioneer Natural Resources.
Exxon Mobil’s Denbury Acquisition Clears Antitrust Hurdle
Denbury said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, leaving only Denbury stockholders to approve Exxon Mobil’s $4.9 billion acquisition of the company.
CCS Midstream Chatter Grows After Exxon Mobil Megadeal
After Exxon Mobil’s deal to buy Denbury, CCS sequesterers and transporters appear to be “leading the dance” in driving carbon capture and sequestration projects, midstream operators and legal experts say.
Permitting: The Boogeyman Hindering US Low-carbon Investment
U.S. low-carbon projects face a medley of different risks—from sluggish federal permitting timelines to huge spending budgets — and an uncertain road to profitability.
Permits, Policy, Profit: The Hang-ups with Large-scale CO2 Projects
The Inflation Reduction Act kicked off a flurry of carbon capture and storage projects around the U.S. But the nascent CCS sector faces tough regulatory and profitability challenges on its road to growth.