Denbury May Be Different, but Investors Aren't Interested

SUGAR LAND--September 30, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Executives at Denbury Resources Incorporated (NYSE:DNR) (Plano, Texas) like to refer to their company as a unique energy business. An independent Oil & Gas producer using enhanced oil recovery (EOR) techniques in the Gulf Coast and Rocky Mountains regions, there are some aspects of Denbury's business that make it unusual, if not unique, among energy companies. For one, it injects about 3.3 million tons of carbon dioxide (CO2) from industrial facilities into its EOR projects each year, keeping that greenhouse gas out of the atmosphere. Another point of differentiation: Crude oil accounts for about 97% of Denbury's production, an oil weighting far above 17 of its peers.

Within this article: Details on the current state and future of Denbury