What are Denbury Resources?

What are Denbury Resources?

Denbury Inc. is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Plano, Texas. The company extracts petroleum via enhanced oil recovery (tertiary recovery), which utilizes carbon dioxide to extract petroleum from fields that have been previously exploited.

What does Denbury Inc do?

Denbury Inc. is an independent energy company with operations and assets focused on carbon capture, use, and storage (“CCUS”) and enhanced oil recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions.

Where does Denbury operate?

Areas of Operation Currently our properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, and Louisiana, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming.

How does CO2 enhanced oil recovery work?

This process of injecting CO2 into existing oil fields is a well-known “enhanced oil recovery” (EOR) technique: the addition of CO2 increases the overall pressure of an oil reservoir, forcing the oil towards production wells. The idea of “carbon-negative” oil is attractive.

What is happening with Denbury Resources?

Denbury Resources announced it was filing for Chapter 11 bankruptcy protection after it struck a restructuring agreement for a prepackaged plan designed to remove the company’s $2.1 billion of debt.

What happened to Denbury Resources stock?

Plano-based Denbury Inc. returned to the stock market Monday after shedding $2.1 billion in debt in a court-supervised bankruptcy reorganization. The independent oil and gas company resumed trading on the New York Stock Exchange under the ticker symbol DEN.

What is the Green pipeline?

Summary. The Green Pipeline is an effort to determine and contextualize the technical research and demonstration needs of the oil and gas sectors in pivoting to geothermal resources.

What percent of oil is recoverable?

Current recovery factors for oil fields around the world typically range between 10 and 60 percent; some are over 80 percent.

Is Denbury still in business?

Is Denbury going out of business?

Denbury’s production and development activities are in the Gulf Coast and Rocky Mountains regions. The company entered bankruptcy with a restructuring agreement backed by all lenders under a revolving credit facility and by creditors holding 67% of its second-lien bonds and 73% of its convertible notes.