Denbury to Grow Rocky Mountain Footprint with Devon Energy Bolt-on Acquisition

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Bought a nearly 100% working interest (approximately 83% net revenue interest) in the Big Sand Draw and Beaver Creek oil fields located in Freemont County, WY, with net production of about 2,800 boe/d (85% oil); includes two cash payments of $4 million each contingent on the price of WTI.