Type Public company Products Petroleum
Natural gas Revenue 1.257 billion USD (2015) | Industry Petroleum industry CEO Phil Rykhoek (Jun 2009–) | |
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Traded as NYSE: DNR
S&P 400 Component Key people Phil Rykhoek (President & CEO) Production output 64 thousand barrels of oil equivalent (390,000 GJ) per day Stock price DNR (NYSE) US$ 2.65 -0.01 (-0.38%)3 Mar, 4:01 PM GMT-5 - Disclaimer Headquarters Plano, Texas, United States Subsidiaries Denbury Green Pipeline Texas LLC Profiles | ||
Denbury resources co2 enhanced oil recovery co2 storage
Denbury Resources Inc. is a petroleum and natural gas exploration and production company headquartered in Plano, Texas.
Contents
Company profile denbury resources inc nyse dnr
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.
The company's operations are focused in the Gulf Coast and Rocky Mountain regions.
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.
The company also has an estimated 1.3 trillion cubic feet of probable carbon dioxide reserves at Jackson Dome.
The company's largest producing property is the Cedar Creek Anticline in Montana and North Dakota, which accounted for 25% of daily production in 2015.
History
The company began its enhanced oil recovery operations in August 1999, with the acquisition of the Little Creek Field.
The company began trading on New York Stock Exchange in May 1997.
In 2001, the company acquired the Jackson Dome carbon dioxide reserves and the NEJD Pipeline in Mississippi, providing a source of carbon dioxide and the means to transport it.