STOCK TITAN

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.

Rhea-AI Summary

Denbury Inc. (NYSE: DEN) reported its fourth quarter and full-year 2021 results, highlighting a net income of $120.6 million for Q4 and $56 million for the fiscal year. Adjusted net income stood at $41.7 million in Q4 and $137.6 million for the year. Total revenues reached $362 million in Q4, a 5% increase from Q3, primarily due to improved oil prices. Notably, Denbury completed its CO2 pipeline ahead of schedule and under budget, while reducing its total debt by $103 million in 2021. The company also achieved a record low Total Recordable Incident Rate of 0.40.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary

Infinium has formed a strategic alliance with Denbury to develop ultra-low carbon fuels projects in Texas. Utilizing Infinium's proprietary technology, the facility in Brazoria County will convert renewable energy into green hydrogen and combine it with industrial CO2 to produce clean fuels. Denbury will supply and transport CO2, with infrastructure expected to be ready by 2025, utilizing 1.5 million tons of CO2 annually. This collaboration aims to significantly reduce carbon emissions in the transportation sector, aligning with both companies' strategies for sustainable energy solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary

Denbury Inc. announced a CO2 Sequestration Agreement with Natural Resource Partners L.P. for developing a site in Alabama’s Gulf Coast. The site encompasses approximately 75,000 acres with a CO2 storage potential exceeding 300 million metric tons. This partnership aims to capitalize on existing industrial CO2 emissions and enhance regional industrial development. Denbury plans to evaluate the site's suitability and expects it could be ready for CO2 injection by 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
Rhea-AI Summary

Natural Resource Partners L.P. (NYSE: NRP) has partnered with Denbury Carbon Solutions, LLC (NYSE: DEN) to explore CO2 sequestration on Alabama’s Gulf Coast. The agreement grants Denbury exclusive rights to develop a site covering approximately 75,000 acres in Baldwin County, with an estimated storage capacity exceeding 300 million metric tons. This project aims to leverage Denbury's expertise in CO2 transportation and underground injection. Denbury anticipates the site may be ready for CO2 injection by 2026, contributing to regional carbon capture efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
-
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) will announce its fourth quarter 2021 financial results and 2022 outlook on February 24, 2022, before the market opens. A conference call is set for 11:00 a.m. Central Time, with a live webcast available on the company’s Investor Relations page. Denbury specializes in Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR), injecting over three million tons of captured CO2 annually, aiming to offset its CO2 emissions within the decade.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
none
-
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) announced that CEO Chris Kendall will participate in a virtual panel discussion titled Outlook for Carbon Capture at the Goldman Sachs Global Energy and Clean Technology Conference on January 5, 2022, at 10:20 a.m. Eastern Time. In addition to the panel, Kendall and management will hold virtual meetings with investors. Denbury focuses on Carbon Capture, Use, and Storage (CCUS) and Enhanced Oil Recovery (EOR) operations in the Gulf Coast and Rocky Mountain regions, injecting over three million tons of captured CO2 annually.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
conferences
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) announced participation by CEO Chris Kendall in the BofA Securities 2021 Global Energy Conference on November 17, 2021, at 1:00 p.m. ET. The panel discussion will focus on CCUS Practical Challenges & Opportunities. Kendall and management will also engage in virtual meetings with investors. Supplemental materials will be accessible on the company's website on November 16, 2021. Denbury specializes in Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR), injecting over three million tons of CO2 annually. Visit www.denbury.com for more information.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
conferences
-
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) reported a net income of $82.7 million for Q3 2021, significantly improving from a loss of $64.6 million in the same quarter last year. Adjusted net income was $40.4 million, with revenues increasing 14% to $344 million due to higher oil prices. The company reduced its debt by $52 million and reported liquidity of $565 million. Denbury is advancing its carbon capture initiatives, securing agreements with Mitsubishi and Mitsui E&P for CO2 transport and storage. Additionally, the Greencore CO2 Pipeline extension is ahead of schedule.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
Tags
none
-
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) announced a collaboration with Gulf Coast Midstream Partners (GCMP) to develop a CO2 sequestration project near Houston, Texas. The project could store up to 400 million metric tons of CO2, with initial injection rates of 1.5 million metric tons per year, scalable to 9 million metric tons. Denbury may hold up to 50% equity in the project. This initiative aligns with Denbury's strategy for safe and reliable permanent storage of industrial emissions, enhancing the company's CO2 transportation infrastructure.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
Tags
none
Rhea-AI Summary

Denbury Inc. (NYSE: DEN) and Mitsui E&P USA LLC have initiated a joint evaluation to explore opportunities for developing carbon-negative oil assets in the U.S. Gulf Coast using Carbon Capture, Utilization, and Storage (CCUS). This partnership aims to identify CO2 offtake opportunities and expand CCUS projects internationally. Denbury's President expressed optimism about creating shareholder value through this collaboration. The company is committed to offsetting its CO2 emissions, injecting over three million tons of captured industrial CO2 annually.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
none

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.

Denbury Inc.

NYSE:DEN

DEN Rankings

DEN Stock Data

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