STOCK TITAN
  1. Home
  2. News
  3. DEN

Denbury Inc - DEN STOCK NEWS

Welcome to our dedicated page for Denbury news (Ticker: DEN), a resource for investors and traders seeking the latest updates and insights on Denbury stock.

Denbury Inc. (DEN) is an independent oil and natural gas company primarily focused on exploration and production within the United States. The company's core operations are concentrated in two significant areas: the Gulf Coast and Rocky Mountain regions. In the Gulf Coast, Denbury's properties with proven and producing reserves are located in Mississippi, Texas, Louisiana, and Alabama. Meanwhile, in the Rocky Mountain region, the company’s assets are situated in Montana, North Dakota, and Wyoming.

The main strategy of Denbury Inc. revolves around enhancing the value of its properties through a combination of strategic exploitation, drilling activities, and proven engineering methods. A key aspect of their approach is the utilization of Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) techniques. This method not only helps in maximizing oil extraction but also aligns with their commitment to environmentally responsible practices.

Denbury Inc. has recently been in the news for various significant developments. Noteworthy collaborations and achievements include strategic partnerships with Lapis Energy, LP, and agreements with industry giants like Exxon Mobil Corporation. These alliances are instrumental in bolstering their operational capabilities and enhancing their market position.

Financially, Denbury Inc. has demonstrated robust performance with a focus on sustainable growth. The company continues to invest in advanced technologies and processes to optimize production efficiency and drive long-term value for its stakeholders.

For more detailed information about Denbury Inc. and their ongoing projects, please visit their official website at www.denbury.com.

News

TortoiseEcofin Announces Constituent Changes Due to Corporate Action

Rhea-AI Summary
Denbury Inc. (NYSE:DEN) will be removed from the Tortoise Recycling Decarbonization IndexSM (RCYCL) and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE) due to its approved acquisition by Exxon Mobil Corp (NYSE:XOM). The removal will take place at market open on Friday, November 3, 2023. The indices will not require special rebalancing and the weight of DEN will be distributed proportionally to the remaining constituents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News

ExxonMobil Completes Acquisition of Denbury

Rhea-AI Summary
Exxon Mobil Corporation has completed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion. Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. This acquisition strengthens ExxonMobil's Low Carbon Solutions business and expands its low-carbon leadership. ExxonMobil now owns the largest CO2 pipeline network in the U.S. and has access to strategic CO2 storage sites. The acquisition also includes Gulf Coast and Rocky Mountain oil and natural gas operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
-
News

Denbury Stockholders Approve Merger with ExxonMobil

Rhea-AI Summary
Denbury stockholders approve merger with ExxonMobil. The merger agreement states that ExxonMobil will acquire all outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. Over 75% of total shares outstanding and 99% of shares voted supported the merger. The transaction is expected to close on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News

Denbury Announces Expiration of Hart-Scott-Rodino Act Waiting Period in Connection with Proposed Transaction

Rhea-AI Summary
Denbury announces expiration of waiting period for acquisition by ExxonMobil
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
Tags
none
-
News

Denbury Reports Second Quarter 2023 Financial and Operational Results

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
earnings
-
News

ExxonMobil Announces Acquisition of Denbury

Rhea-AI Summary
Exxon Mobil Corporation has announced its definitive agreement to acquire Denbury Inc. in an all-stock transaction valued at $4.9 billion. The acquisition will enhance ExxonMobil's Low Carbon Solutions business by adding Denbury's carbon capture, utilization, and storage solutions. The transaction is expected to drive strong growth and returns, with synergies enabling over 100 million metric tons of emissions reductions. Denbury's CO2 pipeline network and sequestration sites will accelerate the deployment of carbon capture and underpin multiple low carbon value chains.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
News

Denbury Plans to Release Second Quarter 2023 Results on August 3rd

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
earnings
-
News

Denbury Expands Leading CO2 Sequestration Portfolio with Two New Sites in Louisiana

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
News

Lapis Energy and Denbury Form JV to Develop CO2 Sequestration Project in SE Louisiana

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
News

Denbury to Participate in J.P. Morgan Energy, Power & Renewables Conference

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
conferences

FAQ

What is the market cap of Denbury (DEN)?

The market cap of Denbury (DEN) is approximately 4.6B.

What regions does Denbury Inc. operate in?

Denbury Inc. operates in the Gulf Coast and Rocky Mountain regions of the United States. Their properties in the Gulf Coast region are located in Mississippi, Texas, Louisiana, and Alabama, while in the Rocky Mountain region, they have assets in Montana, North Dakota, and Wyoming.

What is the primary focus of Denbury Inc.'s operations?

The primary focus of Denbury Inc.'s operations is on increasing the value of their properties through strategic exploitation, drilling activities, and proven engineering methods, with a significant emphasis on Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) techniques.

What is Carbon Dioxide Enhanced Oil Recovery (CO2 EOR)?

Carbon Dioxide Enhanced Oil Recovery (CO2 EOR) is a technique used by Denbury Inc. to maximize oil extraction from their properties. This method involves injecting CO2 into oil reservoirs to increase pressure and improve oil recovery rates, while also aligning with environmentally responsible practices.

What recent partnerships has Denbury Inc. formed?

Denbury Inc. has recently formed strategic partnerships with Lapis Energy, LP, and Exxon Mobil Corporation. These collaborations are aimed at enhancing their operational capabilities and market position.

How does Denbury Inc. ensure sustainable growth?

Denbury Inc. ensures sustainable growth by investing in advanced technologies and processes that optimize production efficiency. They focus on strategic exploitation, drilling activities, and proven engineering methods to drive long-term value for stakeholders.

Where can I find more information about Denbury Inc.?

For more detailed information about Denbury Inc., their operations, and ongoing projects, please visit their official website at www.denbury.com.
Stock DEN logo
Denbury Inc

NYSE:DEN

DEN Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

DEN Stock Data

4.56B
49.78M
3.3%
109.53%
6.48%
Oil & Gas E&P
Energy
Link
United States
Plano