Denbury

Denbury, Mitsui Collaborating to Capture CO2 from Gulf Coast Oil Projects

Denbury, Mitsui Collaborating to Capture CO2 from Gulf Coast Oil Projects

Denbury Inc. and Mitsui & Co. Ltd. units said they are evaluating opportunities on the Gulf Coast to develop carbon-negative oil projects.  Sequestering emissions from oil using carbon capture, utilization and storage (CCUS) is the aim of the memorandum of understanding (MOU) between Plano, TX-based Denbury Onshore LLC and Mitsui E&P USA LLC, the U.S.…

October 27, 2021
Lower 48 Explorers Denbury, Rosehill Each Seeking Chapter 11 Protection

Lower 48 Explorers Denbury, Rosehill Each Seeking Chapter 11 Protection

Denbury Resources Inc. on Wednesday filed a prepackaged restructuring agreement ahead of a planned Chapter 11 filing, joining Rosehill Resources Inc. and Rosehill Operating Co. LLC, which on Monday sought protection. Denbury, a Lower 48 carbon dioxide (CO) enhanced oil recovery (EOR) production specialist focused on the Gulf Coast and Rocky Mountains, is, like Rosehill,…

July 29, 2020

Denbury Strikes Deal to Sell Texas Oilfield Stakes to Israel’s Navitas

Enhanced oil recovery (EOR) specialist Denbury Resources Inc. has agreed to sell half of its stakes in four Texas oilfields to Navitas Petroleum LP for $50 million.

December 23, 2019

Denbury Scraps Merger with Penn Virginia on Shareholder Opposition, Difficult Market

Lower 48 explorer Denbury Resources Inc. has scuttled plans to take over Penn Virginia Corp., blaming “difficult market conditions” and opposition by some shareholders.

March 22, 2019
Denbury Adding Eagle Ford to EOR Roster with Penn Virginia Merger

Denbury Adding Eagle Ford to EOR Roster with Penn Virginia Merger

Denbury Resources Inc. has clinched a merger agreement with Eagle Ford Shale pure-play Penn Virginia Corp., a transaction valued at $1.7 billion plus debt that would build a substantial foothold in South Texas.

October 29, 2018
Denbury Launches $400M EOR Project in Cedar Creek Anticline

Denbury Launches $400M EOR Project in Cedar Creek Anticline

Denbury Resources Inc. is moving forward with a $400 million enhanced oil recovery (EOR) project in the Cedar Creek Anticline (CCA) covering parts of Montana and the Dakotas, expecting to ultimately produce more than 400 million bbl.

June 20, 2018

Denbury Paying $71.5M For Linn’s Wyoming CO2 Assets

One week after selling one set of assets, Linn Energy Inc. racked up a second sale, this time agreeing to shed its interest in Wyoming’s Salt Creek Field to Denbury Resources Inc., a carbon dioxide (CO2) enhanced oil recovery (EOR) specialist, for $71.5 million.

May 30, 2017

Texas Court Sets ‘Low Bar’ For Pipeline ‘Common Carrier’ Status, Lawyers Say

A recent ruling from the Texas Supreme Court set a “low bar” for pipeline developers seeking “common carrier” status to establish eminent domain authority, but it left for another day a “thornier question” relating to such status and affiliate transport contracts, lawyers reviewing the case said.

January 19, 2017