Denbury Names Brad Whitmarsh Executive Director, Investor Relations

Rhea-AI Summary

Denbury Inc. (NYSE: DEN) announced the appointment of Brad Whitmarsh as the new Executive Director of Investor Relations. With over 20 years of experience in the oil and gas sector, Whitmarsh previously held senior investor relations roles at Noble Energy and Kosmos Energy. His expertise is expected to strengthen Denbury's strategic focus on Carbon Capture, Use, and Storage (CCUS) and CO₂ Enhanced Oil Recovery (EOR).

This move aligns with Denbury's goals of reducing its carbon footprint and enhancing its investment value proposition.

Positive

• Appointment of Brad Whitmarsh enhances investor relations expertise.
• Whitmarsh has significant experience in oil and gas investor relations.
• Denbury's focus on CCUS and CO₂ EOR positions it as a leader in the energy transition.

Negative

• None.

PLANO, Texas, March 23, 2021 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Brad Whitmarsh has joined Denbury as Executive Director, Investor Relations.

Mr. Whitmarsh has worked in the oil and gas industry for over 20 years and brings significant investor relations experience to Denbury. Most recently, Mr. Whitmarsh served as Vice President, Investor Relations for Noble Energy, Inc., from 2013 until its acquisition by Chevron Corporation in 2020. Prior to Noble Energy, Mr. Whitmarsh was Vice President of Investor Relations at Kosmos Energy immediately following its initial public offering. Mr. Whitmarsh holds a Bachelor of Business Administration degree in Accounting from Texas A&M University.

"We are thrilled to welcome Brad to Denbury,” said Mark Allen, Denbury’s Executive Vice President and Chief Financial Officer. “Brad’s extensive investor relations experience, proven abilities and deep knowledge of our industry will make him a key player on the Denbury team as we execute Denbury’s CCUS and CO₂ EOR focused strategy and seek to further differentiate our investment value proposition.”  

Mr. Whitmarsh commented, “I am excited to be a part of Denbury and look forward to leading the Company’s Investor Relations efforts. Denbury’s unique strategic focus, extensive CO₂ pipeline infrastructure and deep expertise in surface and subsurface CO₂ management position Denbury well as a leader in the emerging CCUS industry and through the energy transition.”

ABOUT DENBURY

Denbury is an independent energy company with operations focused on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. The Company is differentiated by its focus on CO₂ Enhanced Oil Recovery (EOR) and the emerging Carbon Capture, Use, and Storage (CCUS) industry, supported by the Company’s CO₂ EOR technical and operational expertise and its extensive CO₂ pipeline infrastructure. The utilization of captured industrial-sourced CO₂ in EOR significantly reduces the carbon footprint of the oil that Denbury produces, underpinning the Company’s goal to fully offset its Scope 1, 2, and 3 CO₂ emissions within the decade. For more information about Denbury, please visit www.denbury.com.

FAQ

Who is the new Executive Director of Investor Relations at Denbury (DEN)?

Brad Whitmarsh has been appointed as the new Executive Director of Investor Relations at Denbury.

What experience does Brad Whitmarsh bring to Denbury (DEN)?

Brad Whitmarsh has over 20 years of experience in the oil and gas sector, including roles at Noble Energy and Kosmos Energy.

What is Denbury's strategy regarding carbon emissions?

Denbury aims to offset its Scope 1, 2, and 3 CO₂ emissions within the decade by utilizing carbon capture in its operations.

How does Denbury differentiate itself in the energy sector?

Denbury focuses on CO₂ Enhanced Oil Recovery and the emerging Carbon Capture, Use, and Storage (CCUS) industry.

What is Denbury's stock symbol?

Denbury's stock symbol is DEN.