Denbury Resources: Difference between revisions
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In May 1997, Denbury began trading on [[New York Stock Exchange]].<ref name=10K/> |
In May 1997, Denbury began trading on [[New York Stock Exchange]].<ref name=10K/> |
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In 1998, Denbury acquired properties from [[Chevron Corporation|Chevron]] for $202 million.<ref>{{cite news | url= |
In 1998, Denbury acquired properties from [[Chevron Corporation|Chevron]] for $202 million.<ref>{{cite news | url=https://www.nytimes.com/1997/11/26/business/company-news-denbury-in-202.2-million-deal-for-chevron-properties.html | title=DENBURY IN $202.2 MILLION DEAL FOR CHEVRON PROPERTIES | work=[[Dow Jones]] | publisher=[[The New York Times]] | date=November 26, 1997}}</ref> |
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In August 1999, Denbury began its enhanced oil recovery operations with the acquisition of the Little Creek Field.<ref name=10K/> |
In August 1999, Denbury began its enhanced oil recovery operations with the acquisition of the Little Creek Field.<ref name=10K/> |
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In 2001, Denbury acquired Matrix Oil & Gas for $138 million in cash and stock.<ref>{{cite news | url= |
In 2001, Denbury acquired Matrix Oil & Gas for $138 million in cash and stock.<ref>{{cite news | url=https://www.nytimes.com/2001/06/06/business/company-news-denbury-resources-to-acquire-matrix-oil-and-gas.html | title=DENBURY RESOURCES TO ACQUIRE MATRIX OIL AND GAS | work=[[Reuters]] | publisher=[[The New York Times]] | date=June 6, 2001}}</ref> |
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In 2001, Denbury acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the related transportation infrastructure.<ref name=10K/> |
In 2001, Denbury acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the related transportation infrastructure.<ref name=10K/> |
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Revision as of 13:26, 26 August 2017
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| Company type | Public company |
|---|---|
| NYSE: DNR S&P 600 Component | |
| Industry | Petroleum industry |
| Headquarters | Plano, Texas, United States |
Key people | Chris Kendall, President & CEO [1] |
| Products | Petroleum Natural gas |
Production output | 64 thousand barrels of oil equivalent (390,000 GJ) per day [2] |
| Revenue |  US$975 million (2016)[2] |
| -US$976 million (2016)[2] | |
| Total assets | US$4.274 billion (2016)[2] |
| Total equity | US$468 million (2016)[2] |
Number of employees | 1,058 (2016)[2] |
| Website | denbury |
Denbury Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Plano, Texas.
Current operations
The company's focus is on a method of oil extraction called enhanced oil recovery (tertiary recovery), which utilizes carbon dioxide to extract oil from fields that have been previously exploited.[2]
The company's operations are focused in the Gulf Coast and Rocky Mountain regions.[2]
As of December 31, 2016, Denbury had 254 million barrels of oil equivalent (1.55×109 GJ) of estimated proved reserves, of which 97.5% was petroleum and 2.5% was natural gas.[2]
The company also has an estimated 1.3 trillion cubic feet of probable carbon dioxide reserves at Jackson Dome.[2]
The company's largest producing property is the Cedar Creek Anticline in Montana and North Dakota, which accounted for 25% of daily production in 2016.[2]
History
In March 1951, Denbury was incorporated in Manitoba as "Kay Lake Mines Limited (N.P.L.)".[3]
In September 1984, the name of the company was changed to "Newscope Resources Limited".[3]
In December 1985, the name of the company was changed to "Denbury Resources Inc."[3]
In May 1997, Denbury began trading on New York Stock Exchange.[2]
In 1998, Denbury acquired properties from Chevron for $202 million.[4]
In August 1999, Denbury began its enhanced oil recovery operations with the acquisition of the Little Creek Field.[2]
In 2001, Denbury acquired Matrix Oil & Gas for $138 million in cash and stock.[5]
In 2001, Denbury acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the related transportation infrastructure.[2]
In 2010, Denbury acquired Encore Acquisition Company in a $4.6 billion transaction.[6][7]
In 2012, Denbury sold its acreage in the Bakken Formation to ExxonMobil for $1.6 billion.[8]
In 2013, Denbury acquired fields in the Cedar Creek Anticline from ConocoPhillips for $1.05 billion.[9]
References
- ^ http://www.denbury.com/about-denbury/management/default.aspx
- ^ a b c d e f g h i j k l m n Denbury Resources Inc. 2016 Form 10-K Annual Report
- ^ a b c Denbury Resources Inc. 1998 Form 10-K Annual Report
- ^ "DENBURY IN $202.2 MILLION DEAL FOR CHEVRON PROPERTIES". Dow Jones. The New York Times. November 26, 1997.
- ^ "DENBURY RESOURCES TO ACQUIRE MATRIX OIL AND GAS". Reuters. The New York Times. June 6, 2001.
- ^ "Denbury to Acquire Encore in a $4.5 Billion Transaction" (Press release). Business Wire. November 1, 2009.
- ^ McCracken, Jeffrey (November 3, 2009). "Two U.S. Oil Firms To Merge". The Wall Street Journal.(subscription required)
- ^ González, Ángel (September 20, 2012). "Exxon to Buy Denbury's Bakken Acreage for $1.6 Billion". The Wall Street Journal.(subscription required)
- ^ Chaudhuri, Saabira (January 15, 2013). "Conoco to Sell Fields to Denbury for $1.05 Billion". The Wall Street Journal.(subscription required)
External links
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