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 a leading independent energy company specializing in oil exploration and carbon management solutions across the Gulf Coast and Rocky Mountain regions. This news hub provides investors and industry observers with comprehensive coverage of DEN's operational developments, environmental initiatives, and strategic partnerships.
Access real-time updates on earnings reports, CO2 Enhanced Oil Recovery advancements, and collaborations with key players like Exxon Mobil. Our curated collection ensures you never miss critical announcements about asset acquisitions, production innovations, or sustainability milestones.
Key coverage areas include quarterly financial results, carbon capture project updates, drilling program expansions, and leadership changes. All content is sourced directly from official company communications and verified industry reports.
Bookmark this page for continuous access to DEN's evolving story in energy production. Combine these updates with fundamental analysis from Stock Titan's research tools for informed decision-making.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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