Denbury Inc.

Denbury Inc. today announced its 2022 capital budget range for oil and natural gas development expenditures of $290 million to $320 million; at the midpoint comprised of $115 million for continuation of the Cedar Creek Anticline EOR development and $190 million for other tertiary and non-tertiary oil-focused development projects, capitalized internal costs and CO2 sources and pipelines. This compares to total oil and [...]

Denbury Inc. today provided its fourth quarter and full-year 2021 financial and operating results. 4Q 2021 FY 2021 Total Per Diluted Share Total Per Diluted Share Net Income $120,631 $2.19 $56,002 $1.04 Adjusted net income 41,670 0.76 137,646 2.56 Adjusted EBITDAX 81,466 316,422 Cash flows from operations 69,601 317,158 Adjusted cash flows from operations 82,824 312,115 Development capital expenditures 78,350 252,171 [...]

Innovative electrofuels technology is aimed at decarbonizing the transportation sector SACRAMENTO, Calif., Feb. 24, 2022 /PRNewswire/ -- Infinium, a clean fuels innovator, announced today that the company has entered into a strategic alliance with US energy leader Denbury to collaborate on developing ultra-low carbon fuels projects in the state of Texas. Infinium electrofuels facilities being developed in Brazoria County [...]

Denbury Inc. today announced that its wholly-owned subsidiary, Denbury Carbon Solutions, LLC, and a subsidiary of Natural Resource Partners L.P. , have executed a CO2 Sequestration Agreement for the evaluation and potential development of a permanent CO2 sequestration site located on Alabama's Gulf Coast. The agreement provides Denbury with the exclusive rights to develop a CO2 sequestration site on approximately 75,000 [...]

Denbury Inc. plans to issue its fourth quarter 2021 financial and operating results, along with its 2022 outlook, prior to the market opening on Thursday, February 24, 2022. On the same day, the Company is scheduled to host a webcast and conference call at 11:00 a.m. Central Time . The presentation webcast will be available, both live and for replay, on the Investor Relations page of the Company's website at [...]

Denbury Inc. today announced that Chris Kendall, President and Chief Executive Officer, will participate in a virtual panel discussion, Outlook for Carbon Capture, at the 2022 Goldman Sachs Global Energy and Clean Technology Conference on Wednesday, January 5, 2022, at 10:20 a.m. Eastern Time . Mr. Kendall and other members of management will also participate in virtual meetings with investors. Supplemental corporate [...]

Denbury Inc. today announced that Chris Kendall, President and Chief Executive Officer, will participate in a panel discussion, CCUS Practical Challenges & Opportunities, at the BofA Securities 2021 Global Energy Conference on Wednesday, November 17, 2021, at 1:00 p.m. Eastern Time . Mr. Kendall and other members of management will also participate in virtual meetings with investors. Supplemental corporate materials for [...]

Denbury Inc. today provided results for the third quarter of 2021. FINANCIAL AND OPERATING HIGHLIGHTS 3Q 2021 YTD 2021 Total Per Diluted Share Total Per Diluted Share Net Income $82,708 $1.51 $ $ Adjusted net income 40,360 0.74 95,976 1.80 Adjusted EBITDAX 80,587 234,956 Cash flows from operations 104,019 247,557 Adjusted cash flows from operations 77,550 229,291 Development capital expenditures 99,640 173,821 Average [...]

Denbury Inc. today announced that its wholly-owned subsidiary, Denbury Carbon Solutions, LLC, and Houston-based Gulf Coast Midstream Partners, LLC have executed a non-binding letter of intent and term sheet for the permanent sequestration of CO2 in a planned underground storage project southwest of Houston, Texas. The project is currently being developed by GCMP's wholly-owned subsidiary, Gulf Coast Carbon Solutions, LLC [...]

Denbury Onshore, LLC , a subsidiary of Denbury Inc. and Mitsui E&P USA LLC , a subsidiary of Mitsui & Co., Ltd , announce they have commenced a joint evaluation of potential opportunities in the U.S. Gulf Coast to develop carbon-negative oil assets utilizing anthropogenic CO2 via Carbon Capture, Utilization, and Storage . As part of the evaluation, MEPUSA and Denbury seek to jointly pursue CO2 offtake opportunities from [...]