A Brief History of Denbury Inc. (DEN)

Denbury Inc. is an independent oil and natural gas company based in Plano, Texas. The company is known for its expertise in enhanced oil recovery techniques, particularly through the use of carbon dioxide (CO2) injection.

Denbury Resources was founded in 1991 by Tracy Evans, Phil Rykhoek, and Gareth Roberts. The company initially focused on acquiring and developing oil and gas properties in the Gulf Coast region of the United States.

• 1992: Denbury began trading on the New York Stock Exchange under the ticker symbol "DEN."
• 2001: The company acquired the Little Creek Field in Mississippi, which would become a key asset for its CO2 enhanced oil recovery operations.
• 2007: Denbury acquired the Riley Ridge natural gas project in Wyoming, expanding its footprint into the Rocky Mountain region.
• 2013: Denbury acquired Encore Acquisition Company, significantly increasing its CO2 reserves and production capabilities.
• 2020: Denbury filed for Chapter 11 bankruptcy, citing the downturn in oil prices and the impact of the COVID-19 pandemic on demand.

Despite facing challenges in recent years, Denbury Inc. remains a leader in the field of enhanced oil recovery and continues to explore new opportunities for growth and innovation in the energy sector.

Who Owns Denbury Inc. (DEN)

Denbury Inc. (DEN) is a publicly traded company, meaning that it is owned by its shareholders. The largest shareholders of Denbury Inc. are institutional investors such as mutual funds, pension funds, and other financial institutions.

Some of the major institutional investors that own a significant stake in Denbury Inc. include Vanguard Group, BlackRock, State Street Corporation, and Dimensional Fund Advisors.

• Vanguard Group: Vanguard Group is one of the largest investment management companies in the world and holds a substantial ownership stake in Denbury Inc.
• BlackRock: BlackRock is another major institutional investor that owns a significant number of shares in Denbury Inc.
• State Street Corporation: State Street Corporation is a financial services company that is also a major shareholder of Denbury Inc.
• Dimensional Fund Advisors: Dimensional Fund Advisors is an investment firm known for its quantitative investment strategies and holds a significant stake in Denbury Inc.

While these institutional investors own a large portion of Denbury Inc., individual investors also hold shares of the company through their brokerage accounts or retirement accounts.

Denbury Inc. (DEN) Mission Statement

At Denbury Inc., our mission is to be a leader in the development and operation of oil and natural gas fields by utilizing enhanced oil recovery techniques in a safe and environmentally responsible manner. We strive to deliver high-quality, low-cost energy solutions to meet the needs of our customers while maintaining a positive impact on the communities in which we operate.

Key elements of our mission include:

• Developing innovative techniques to recover oil and gas reserves efficiently and sustainably
• Prioritizing safety and environmental stewardship in all aspects of our operations
• Providing reliable and affordable energy solutions for our customers
• Supporting the communities in which we operate through partnerships and community engagement

How Denbury Inc. (DEN) Works

Denbury Inc. (DEN) is an independent energy company that specializes in enhanced oil recovery. The company is known for its expertise in using carbon dioxide (CO2) to extract additional oil from mature oil fields. Here is an overview of how Denbury Inc. operates:

• Enhanced Oil Recovery: Denbury focuses on enhanced oil recovery techniques, specifically using CO2 to extract oil from depleted oil fields. This process involves injecting CO2 into the reservoir, which helps to push more oil towards the production wells.
• Carbon Dioxide Resources: Denbury has strategically positioned itself near natural sources of CO2, such as natural gas processing plants and geological formations. This allows the company to access the necessary resources for its enhanced oil recovery projects.
• Oil Production: By utilizing enhanced oil recovery techniques, Denbury is able to increase the production from mature oil fields. This helps the company to maximize the value of these assets and extend their productive life.
• Environmental Considerations: Denbury is committed to conducting its operations in an environmentally responsible manner. The company has implemented various measures to minimize the impact of its activities on the environment, including capturing and sequestering CO2 emissions.
• Market Dynamics: Denbury closely monitors market dynamics and oil prices to make strategic decisions about its operations. The company's ability to adapt to changing market conditions has been crucial to its success in the energy sector.

Here are some key ways in which Denbury Inc. generates revenue:

• Oil Sales: Denbury sells the oil it extracts from its fields to various customers, including refineries and other oil companies. These sales provide a significant portion of the company's revenue.
• Carbon Dioxide Sales: Denbury also sells carbon dioxide, which is used in its enhanced oil recovery operations. This includes both the purchase and resale of carbon dioxide as well as the transport and injection of the gas into oil reservoirs to increase production.
• Oil and Gas Services: In addition to its own production operations, Denbury provides oil and gas services to third-party companies. This includes drilling, well completion, and other services related to oil and gas production.
• Asset Management: Denbury manages a portfolio of oil and gas assets, including pipelines, storage facilities, and production infrastructure. The company earns revenue through the operation and maintenance of these assets.