Denbury Resumes Trading on NYSE after Emerging from Bankruptcy

Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.

Denbury Inc. emerged from bankruptcy and resumed trading on the New York Stock Exchange on Sept. 21 following completion of its financial restructuring.

Earlier this year, Denbury—whose CO₂ EOR-focused operations are based in the Rocky Mountains and Gulf Coast—joined a growing wave of E&P companies to voluntarily file for Chapter 11 bankruptcy protection following the oil market crash caused by the coronavirus and a Saudi-Russia price war.

When the company filed for bankruptcy in late July, Denbury was the fifth largest oil and gas producer to seek bankruptcy protection so far this year.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.