Global Reporting Initiative (GRI) Content Index

GRI STANDARD DISCLOSURE TITLE DISCLOSURE AND/OR LOCATION OF DISCLOSURE
GRI 101: FOUNDATION
101-1 Reporting Principles Our Report—Report Content and Report Framework
GRI 102: GENERAL DISCLOSURES
Organizational Profile
102-1 Name of the organization Denbury Resources Inc.
102-2 Activities, brands, products, and services Annual Report on Form 10-K: Item 1. Business and Properties-General
102-3 Location of headquarters 5320 Legacy Drive, Plano, Texas, 75024
102-4 Location of operations 1 country; United States of America
See also, “Our Company—What We Do & Our CO2 Story” for our operational map
102-5 Ownership and legal form Delaware corporation
102-6 Markets served Annual Report on Form 10-K: Item 1. Business and Properties
102-7 Scale of the organization Annual Report on Form 10-K:
- Item 1. Business and Properties
- Consolidated Financial Statements
102-8 Information on employees and other workers See charts below
YEAR ENDED DECEMBER 31, 2016
Employee Contractor Total
Employment Group by Gender:
Male 829 96 925
Female 229 16 245
Total 1,058 112 1,170
Employment Group by Region:
Gulf Coast (TX, LA, MS, AL) 419 43 462
Rockies (WY, MT, ND) 158 20 178
Headquarters (Plano, TX) 481 49 530
Total 1,058 112 1,170
YEAR ENDED DECEMBER 31, 2016
Male Female Total
Employment Type by Gender:
Full-time Employees 828 229 1,057
Part-time Employees 1 0 1
Total 829 229 1,058
Region & Gender:
Gulf Coast (TX, LA, MS, AL) 401 18 419
Rockies (WY, MT, ND) 142 16 158
Headquarters (Plano, TX) 286 195 481
Total 829 229 1,058
YEAR ENDED DECEMBER 31, 2017
Employee Contractor Total
Employment Group by Gender:
Male 713 113 826
Female 166 16 182
Total 879 129 1,008
Employment Group by Region:
Gulf Coast (TX, LA, MS, AL) 381 55 436
Rockies (WY, MT, ND) 149 31 180
Headquarters (Plano, TX) 349 43 392
Total 879 129 1,008
YEAR ENDED DECEMBER 31, 2017
Male Female Total
Employment Type by Gender:
Full-time Employees 711 166 877
Part-time Employees 2 0 2
Total 713 166 879
Region & Gender:
Gulf Coast (TX, LA, MS, AL) 365 16 381
Rockies (WY, MT, ND) 137 12 149
Headquarters (Plano, TX) 211 138 349
Total 713 166 879

A significant portion of Denbury’s activities are completed by Denbury’s contractors and suppliers. A majority of these contractors and suppliers work in our fields in the Gulf Coast and Rocky Mountain regions.

102-9 Supply chain Denbury’s supply chain is comprised of thousands of suppliers and independent contractors, ranging from multinational corporations to local businesses, who provide Denbury with products, materials and services integral to our business. Our supply chain department consists of procurement professionals at our corporate headquarters and in certain field offices who seek an ethical, diverse and highly distributed supply chain to reduce costs and procure high quality products and services. In 2016 and 2017, Denbury spent approximately $359 million and $368 million, respectively, in procurement with its suppliers and independent contractors.
102-10 Significant changes to the organization and its supply chain Annual Report on Form 10-K:
- Item 1. Business and Properties
- Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations
102-11 Precautionary principle or approach Not addressed by the organization
102-12 External initiatives None
102-13 Membership of associations

We are members and hold governance positions in a few organizations and institutions in the oil and gas sector or related to professional fields. See below for a selection of current positions.

Dan Cole , Vice President – Commercial Development and Governmental Relations:
• Board of Directors for the Texas Oil & Gas Association
• Member of the Energy Advance Center

Greg Schnacke , Executive Director, Governmental Relations:
• Board of Directors for the Louisiana Oil & Gas Association
• Board of Directors for the Montana Petroleum Association
• Board of Directors for the Wyoming Petroleum Association
• Member of the Energy Advance Center

Strategy
102-14 Statement from senior decision-maker CEO Message
102-15 Key impacts, risks, and opportunities CEO Message
Ethics and integrity
102-16 Values, principles, standards, and norms of behavior See Details
102-17 Mechanisms for advice and concerns about ethics

Denbury has a Compliance Hotline that is managed by an independent, third-party provider and is available 24 hours a day/7 days a week via phone (1-844-DOING-RT (364-6478)) or online (doingright.denbury.com). All reports submitted to the Compliance Hotline will be appropriately investigated and, as applicable, reported to the Audit Committee of the Denbury Board of Directors.

Internally, employees are expected to first bring matters of concern to their manager. If there are reasons one is uncomfortable doing so or thinks the issue needs attention from a different perspective, employees may turn to any of the following: (1) a manager or the vice president of the employee’s department or region, (2) a human resource employee relations representative, or (3) Denbury’s Compliance team or Legal department.

Governance
102-18 Governance structure Our Company—Corporate Governance
Proxy Statement:
- Governance of the Company
- Board Meetings, Attendance and Committees
102-19 Delegating authority The business, properties, and affairs of the organization are managed by the Chief Executive Officer under the direction of the Board of Directors. The Board of Directors has responsibility for establishing broad corporate policies and for the overall performance and direction of the Company, which includes economic, environmental, and social topics.
102-20 Executive-level responsibility for economic, environmental, and social topics Our senior management team is responsible for overseeing economic, environmental, and social topics that impact our business and our stakeholders. While senior management reports to our CEO, our senior management team also has direct interaction with our Board of Directors on these matters.
102-21 Consulting stakeholders on economic, environmental, and social topics The Board of Directors has approved a process by which stakeholders may contact the members of the Board of Directors regarding economic, environmental, and social topics of concern. Please write to Denbury Resources Inc., Attention Corporate Secretary, 5320 Legacy Drive, Plano, Texas 75024. In addition, stakeholders may email the Corporate Secretary and Board members at: secretary@denbury.com.
102-22 Composition of the highest governance body and its committees Proxy Statement:
- Proposal One: Election of Directors
- Governance of the Company—Director Independence
102-23 Chair of the highest governance body Denbury’s Chairman of the Board is not an executive officer. See also, “Our Company—Corporate Governance.”
Proxy Statement:
- Governance of the Company—Board Leadership Structure
102-24 Nominating and selecting the highest governance body Proxy Statement:
- Governance of the Company—Identification of Director Candidates
- Stockholder Proposals for Our 2019 Annual Meeting of Stockholders
102-25 Conflicts of interest Related party transactions are monitored and approved by our Nominating/Corporate Governance Committee pursuant to Denbury’s Related Party Transactions Policy. The Company discloses such transactions as required pursuant to the Securities and Exchange Commission’s rules and regulations. Additionally, Denbury’s Code of Conduct and Ethics governs conflicts of interest. Waivers to the Code of Conduct and Ethics are disclosed to the extent and in the manner required by applicable laws, rules (including any rule of any applicable stock exchange), or regulations.
102-26 Role of highest governance body in setting purpose, values, and strategy The business, properties and affairs of the organization are managed by the Chief Executive Officer under the direction of the Board of Directors. The Board of Directors has responsibility for establishing broad corporate policies and for the overall performance and direction of the Company, which includes economic, environmental and social topics.
102-30 Effectiveness of risk management processes The Board of Directors has an oversight role with respect to the risk management processes for many economic, environmental and social topics. In certain instances the Board has delegated this duty to an appropriate Board Committee. For example, Denbury’s Reserves and Health, Safety and Environmental Committee has an oversight role with respect to the risk management process for environmental matters; the Compensation Committee has an oversight role with respect to the risk management process for compensation-related matters; and the Risk Committee has an oversight role with respect to the Company's principal business, financial and operational risks.
102-31 Review of economic, environmental, and social topics As necessary throughout the year
102-32 Highest governance body’s role in sustainability reporting Reserves and Health, Safety, and Environmental Committee of the Board of Directors
102-33 Communicating critical concerns All stakeholders wishing to communicate with the Board are encouraged to email the corporate secretary and Board members or address letters to the following address: Denbury Resources Inc., Attn: Corporate Secretary, 5320 Legacy Drive, Plano, TX 75024. You may also send an email to: secretary@denbury.com. Additionally, see GRI 102-17
102-35 Remuneration policies Proxy Statement:
- Executive Compensation
- Compensation of Directors
102-36 Process for determining remuneration Proxy Statement:
- Executive Compensation—Roles in Setting Executive Officer Compensation
102-37 Stakeholders’ involvement in remuneration Proxy Statement:
- Executive Compensation—Proposal Two: Advisory Vote to Approve Named Executive Officer Compensation
Stakeholder engagement
102-40 List of stakeholder groups The primary stakeholders with whom we engaged are: Denbury employees, Denbury’s senior management, Denbury’s Board of Directors, stockholders (including institutional and retail investors), prospective investors, and local community organizations
102-41 Collective bargaining agreements None
102-42 Identifying and selecting stakeholders The organization encourages an open dialogue with all stakeholders. We consider stakeholder engagement a necessary part of good business and corporate governance practices. Management uses its judgment to determine the stakeholder groups with whom to engage. We respond diligently to all stakeholders that contact us and believe that engagement with our employees is always necessary.
102-43 Approach to stakeholder engagement The organization’s approach to stakeholder engagement is an on-going and constant process. In 2017 and 2018, Denbury engaged with many of its institutional shareholders as part of a robust shareholder engagement campaign. The Chairwoman of the Compensation Committee was available to attend each meeting in the shareholder engagement process.
See also, GRI 102-42 and “Our Report—Report Framework” for more information.
Proxy Statement:
- Executive Compensation—2017 Say-on-Pay Results and Stockholder Engagement
102-44 Key topics and concerns raised The key topics and concerns that have been raised through stakeholder engagement are the material topics identified in this Report. Our stakeholders were relatively consistent in the identification of key topics and concerns.
See also, “Our Report—Report Content"
Proxy Statement:
- Executive Compensation—2017 Say-on-Pay Results and Stockholder Engagement
Reporting practice
102-45 Entities included in the consolidated financial statements Annual Report on Form 10-K: Exhibit 21 contains a list of our significant subsidiaries. Data in this Report includes all of our subsidiaries unless otherwise noted
102-46 Defining report content and topic boundaries Our Report—Report Content and Report Framework
102-47 List of material topics Our Report—Report Content
102-48 Restatements of information Not applicable
102-49 Changes in reporting None
102-50 Reporting period 2016 and 2017. 2018 data is included in sections where relevant and helpful
102-51 Date of most recent previous report Our 2016 report was released in January of 2017
102-52 Reporting cycle At least biennially
102-53 Contact point for questions regarding the report Please send an email to Denbury’s Corporate Responsibility Team at responsibility@denbury.com
102-54 Claims of reporting in accordance with the GRI Standards This report has been prepared in accordance with the GRI Standards: Core option
102-55 GRI content index GRI Index
102-56 External assurance Our report has not been externally assured
GRI 103: MANAGEMENT APPROACH
103-1 Explanation of the material topic and its Boundary See chart below
Denbury Material Topic GRI Category GRI Material Topic Material Within Denbury Material Outside Denbury Relevance
Economic Investments & Impacts Economic Economic Performance (GRI 201-1) The economic value we generate and distribute impacts not only our financials but also state and local governments, our capital providers, our employees, and our communities.
Economic Indirect Economic Impacts (GRI 203-2) Our operations reinvigorate local labor markets, businesses, and the economies of our communities while generating millions of positive dollars of tax revenue and other economic activities.
Reserves Economic Reserves (GRI G4 OG1)
Our CO2 EOR operations provide an economically and technically feasible method of utilizing CO2 to recover otherwise stranded reserves of oil from depleted reservoirs, which results in incidental underground CO2 storage and reduces our nation’s dependence on foreign oil.
Employee Well-being Social Employment (GRI 401-1 & 401-2)
Our employees are key to Denbury’s success and we strive to make Denbury a great place to work by providing a safe work environment, excellent work culture, and competitive compensation to all our employees.
Employee Health & Safety Social Occupational Health & Safety (GRI 403-1 & 403-2)
Providing and integrating a sound health and safety program is key to our success which is why we have a long-standing commitment to the highest standards for health and safety of our employees and contractors that is built into our management structure.
Employee Training & Development Social Training & Education (GRI 404-3) Training and developing employees not only contributes to Denbury’s long-term success but also the success and quality of the current and future global workplace.
Employee Diversity & Inclusion Social Diversity & Equal Opportunity (GRI 405-1)
We are committed to maintaining a diverse and inclusive environment for all employees and applicants because we recognize the benefits we all share as a result of a diverse culture.
Managing our Carbon Footprint Environmental Emissions (GRI 305-1, 305-2, & 305-4) Carbon emissions reduction is an important issue to Denbury and many Denbury stakeholders and this material topic is relevant in all our areas of operations, as part of our commitment to environmental stewardship.
Spill Prevention Environmental Effluents & Waste (GRI 306-3) Spills have the potential to adversely affect the communities in which they occur and the environment; therefore, we continue to strive to eliminate all environmental incidents.
103-2 The management approach and its components See GRI 201-1, 203-2, 401-1, 401-2, 403-1, 403-2, 404-3, 405-1, 305-1, 305-2, 305-4, 306-3, and G4-OG1.
103-3 Evaluation of the management approach See GRI 201-1, 203-2, 401-1, 401-2, 403-1, 403-2, 404-3, 405-1, 305-1, 305-2, 305-4, 306-3, and G4-OG1.
GRI 200: ECONOMIC
Economic Performance
201-1 Direct economic value generated and distributed See Details
See charts below
Year Ended
December 31, 2016


In thousands ($)
Direct Economic Value Generated Revenues Combined total of oil, natural gas, and related product sales; CO2 sales and transportation fees; and interest income and other income 975,596
Economic Value Distributed Operating Costs (a) Combined total of lease operating expenses; marketing expenses; CO2 discovery and operating expenses; and general and administrative expenses 585,691
Capital Investment Capitalized expenditures (excluding acquisitions), which includes, but is not limited to, capitalized employee wages and benefits 208,646
Payments to Providers of Capital Combined total of cash interest expense; gain on early extinguishment of debt; settlements of commodity derivatives; and dividend payments (28,018)
Payments to Government Combined total of taxes other than income and current income taxes 77,107
Year Ended
December 31, 2017


In thousands ($)
Direct Economic Value Generated Revenues Combined total of oil, natural gas, and related product sales; CO2 sales and transportation fees; and interest income and other income 1,129,786
Economic Value Distributed Operating Costs (a) Combined total of lease operating expenses; marketing expenses; CO2 discovery and operating expenses; and general and administrative expenses 604,524
Capital Investment Capitalized expenditures (excluding acquisitions), which includes, but is not limited to, capitalized employee wages and benefits 240,826
Payments to Providers of Capital Combined total of cash interest expense; settlements of commodity derivatives; and dividend payments 224,377
Payments to Government Combined total of taxes other than income and current income taxes 66,334

(a) Operating costs includes employee wages and benefits, net of (i) operator recovery charges and (ii) capitalized exploration and development costs, which are presented within capital investment.

Indirect Economic Impacts
203-2 Significant indirect economic impacts See Details
GRI G4 OGSS: RESERVES
GRI G4-OG1 Volume and type of estimated proved reserves and production See Details
See information and charts below
Proved Reserves Data Year Ended December 31, 2017

As of December 31, 2017, Denbury’s proved reserves were 260 million barrels of oil equivalent (“MMBOE”), consisting of 253 million barrels of crude oil, condensate and natural gas liquids (together, “liquids”), and 7 MMBOE (or 43 MMcf) of natural gas. Reserves were 97% liquids and 88% proved developed, and 59% of such reserves were attributable to Denbury’s CO2 EOR operations. Total tertiary reserves at December 31, 2017 were 154 MMBOE and total non-tertiary reserves were 106 MMBOE.

Tertiary Properties Oil (MBbls) Natural Gas (MMcf) TOTAL MBOEs
Gulf Coast Region 127,423 127,423
Rocky Mountain Region 26,018 26,018
Total Tertiary 153,441 153,441
Non-Tertiary Properties Oil (MBbls) Natural Gas (MMcf) TOTAL MBOEs
Gulf Coast Region 17,921 16,712 20,706
Rocky Mountain Region 81,263 26,009 85,598
Total Non-Tertiary 99,184 42,721 106,304
Total 252,625 42,721 259,745

The reserves were prepared in accordance with Financial Accounting Standards Board Codification Topic 932, Extractive Industries – Oil and Gas, using the arithmetic averages of the first-day-of-the-month NYMEX commodity price for each month during 2017. These prices were $51.34 per Bbl for crude oil and $2.98 per MMBtu for natural gas.

Production Data Year Ended December 31, 2017

Denbury’s 2017 production totaled 58,410 barrels of oil per day (“Bbls/d”) and approximately 11,329 metric cubic feet of natural gas per day. Oil production included 38,044 Bbls/d from tertiary properties and 20,366 Bbls/d from non-tertiary properties

Tertiary Properties Oil (Bbls/day) Natural Gas (Mcf/day)
Gulf Coast Region 33,616
Rocky Mountain Region 4,428
Total Tertiary 38,044
Non-Tertiary Properties Oil (Bbls/day) Natural Gas (Mcf/day)
Gulf Coast Region 5,053 5,464
Rocky Mountain Region 15,313 5,865
Total Non-Tertiary 20,366 11,329
Total 58,410 11,329

A complete report of our estimated proved reserves, production, our report methodology and definitions is included in our Annual Report on Form 10-K. Specifically see pp. 3-4, 7-11, and 96-100.

GRI 300: ENVIRONMENTAL
Emissions
305-1 Direct (Scope 1) GHG emissions See Details
See information and charts below

We report GHG emissions in accordance with the Environmental Protection Agency’s (“EPA”) Greenhouse Gas Reporting Program (“GHGRP”). We report under the following subparts and in accordance with the following criteria:

Subpart PP – Suppliers of CO2

Subpart PP was finalized by the EPA in October 2009 and has undergone subsequent revisions since it was published. We submitted our first Subpart PP report in September 2011 for the reporting year 2010. Under this subpart, we are required to annually report the amount of CO2 supplied from our CO2 production fields and the amount delivered to various industrial customers, including our enhanced oil recovery ("EOR") operations.

Subpart UU – Injection of CO2

Subpart UU of the GHGRP was finalized by the EPA in 2011 and the first reports were due in September 2012. Subpart UU requires reporting for a well or group of wells that inject CO2 into the subsurface. This includes Underground Injection Control (UIC) Class II wells in which CO2 is injected for the purposes of EOR. This subpart does not include UIC Class VI wells into which CO2 is injected for the purpose of permanent geologic sequestration. Denbury currently does not operate any Class VI injection wells.

The amount of CO2 reported under this subpart does not include the amount of post-separation CO2 recycled at the central oil production facility and re-injected via CO2 injection wells. We reported the CO2 injection amounts under this subpart for 14 EOR fields in our Gulf Coast operating region in 2011 and 2012. Two additional fields were reported in 2013 which are located in Montana (Bell Creek) and Wyoming (Grieve). We are also involved in a pilot project funded by the Department of Energy where we receive CO2 from Alabama Power’s Barry Power Plant and the CO2 is injected nearby in our Citronelle field. We have been reporting CO2 injected under this program since 2011.

Subpart W – Petroleum and Natural Gas Systems

The EPA finalized Subpart W of the GHGRP in 2011. This subpart has been through several revisions since it was first published. The first annual report under this subpart was due in September 2012 for the reporting year 2011. The EPA has included 8 industry segments under this subpart. Our oil production fields fall under the “Onshore Petroleum and Natural Gas Production” industry segment and our Riley Ridge facility falls under the “Onshore Natural Gas Processing” industry segment.

Under this subpart, the EPA requires operators to report emissions under each geological basin in which they operate. These basin boundaries have been identified on the Geologic Provinces Code Map published by the American Association of Petroleum Geologists. Currently, our operations fall under three geologic basins in the Gulf Coast region and three basins in the Rocky Mountain region. Denbury has been reporting under this subpart since 2011 for basins exceeding the reporting thresholds.

Under Subpart W, the EPA requires operators to report CO2, CH4 (methane) and N2O (nitrous oxide) emissions from various sources and processes listed under the subpart. These GHG emissions are converted to CO2 equivalent ("CO2e") emissions by using the respective Global Warming Potentials ("GWPs") for each pollutant. The GWPs published by the EPA in 2013 are listed in the table below.

Greenhouse Gases GWPs
CO2 1
CH4 25
N2O 298

The following are Denbury’s emissions for 2016 and 2017 presented in metric tons (tonnes). These emissions coincide with emissions calculations using EPA’s GHG Subpart W reporting requirements and applicability as described above.

Year Ended December 31, 2016
Region CO2 (tonnes) CH4 (tonnes) N2O (tonnes) CO2e (tonnes)
Rocky Mountain 121,347 3,631 - 212,127
Gulf Coast 176,407 3,360 - 260,398
Total 297,754 6,991 - 472,525
Year Ended December 31, 2017
Region CO2 (tonnes) CH4 (tonnes) N2O (tonnes) CO2e (tonnes)
Rocky Mountain 115,045 1,979 - 164,532
Gulf Coast 186,006 22,473 0.10 747,849
Total 301,051 24,452 0.10 912,381

Our operations do not generate HFCs, PFCs or SF6 emissions and, therefore, we do not report them under EPA’s GHG Subpart W. GWPs for 2016 and 2017 were used to calculate CO2e.

305-2 Energy indirect (Scope 2) GHG emissions See Details
See information and charts below
Year Ended December 31, 2016
Region MWH CO2 (tonnes) CH4 (tonnes) N2O (tonnes) CO2e (tonnes)
Rocky Mountain 580,565 286,050 27 4 287,964
Gulf Coast 1,428,510 634,641 46 7 637,644
Total(1) 2,009,075 920,691 73 11 925,608
Year Ended December 31, 2017
Region MWH CO2 (tonnes) CH4 (tonnes) N2O (tonnes) CO2e (tonnes)
Rocky Mountain 573,388 282,514 27 4 284,404
Gulf Coast 1,409,348 626,128 45 7 629,091
Total(1) 1,982,736 908,642 72 11 913,495

(1) Electricity usage presented in megawatt hours (MwH). Emissions are estimated using an average of emission factors for all areas of the company’s operations multiplied by the total electricity usage. Emission calculations follow EPA’s eGRID sub-region total output emission rates for power generation.

305-4 GHG emissions intensity See Details
See information and charts below
GHG Intensity  2016  2017
Oil production (bbls) 28,543,656 26,339,992
Water production (bbls) 343,668,720 325,724,951
CO2e emissions (tonnes) 472,525 912,381
GHG intensity per barrel of oil (tonnes/bbls) 0.01655 0.03464
GHG intensity per barrel of water (tonnes/bbls) 0.00137 0.00280
GHG intensity per barrel of total fluids (tonnes/bbls) 0.00127 0.00259

Emissions are presented in metric tons (tonnes) and coincide with emissions calculations using EPA’s GHG Subpart W reporting requirements and applicability. GWPs for 2016 and 2017 were used to calculate CO2e. Oil and water production volumes include all operational areas. All data year ended December 31, 2016 and December 31, 2017.

Effluents and Waste
306-3 Significant spills See Details
See information and charts below
Year Ended December 31, 2016
Oil Rockies Gulf Coast Total
Oil Spills (bbls) 773 317 1,090
Gross Oil Production (bbls) 9,475,275 19,068,381 28,543,656
Oil Spill Volume as a % of Production 0.008% 0.002% 0.004%
Water Rockies Gulf Coast Total
Water Spills (bbls) 16,782 16,464 33,246
Water Production (bbls) 125,734,268 217,934,452 343,668,720
Water Spill Volume as a % of Production 0.013% 0.008% 0.010%
Year Ended December 31, 2017
Oil Rockies Gulf Coast Total
Oil Spills (bbls) 344 2,850 3,194
Gross Oil Production (bbls) 8,390,880 17,949,112 26,339,992
Oil Spill Volume as a % of Production 0.004% 0.016% 0.012%
Water Rockies Gulf Coast Total
Water Spills (bbls) 4,425 21,859 26,284
Water Production (bbls) 113,617,191 212,107,760 325,724,951
Water Spill Volume as a % of Production 0.004% 0.010% 0.008%

Includes only spills >1bbl.

GRI 400: SOCIAL
Employment
401-1 New employee hires and employee turnover See Details
See information and charts below
New Hires 2016 2017
Number of New Hires by Age:



> 50 years old 10 27% 12 26%
30 – 50 years old 22 59% 25 53%
< 30 years old 5 14% 10 21%
Total 37
47
New Hires by Gender



Female 6 16% 7 15%
Male 31 84% 40 85%
Total 37
47
New Hires by Region



Gulf Coast (TX, LA, MS, AL) 11 30% 16 34%
Rockies (WY, MT, ND) 8 21% 13 28%
Headquarters (Plano, TX) 18 49% 18 38%
Total 37
47
Rate of New Hires (calculated using the average employee number during the reporting year 3% (37/1,112) 5% (47/998)
Turnover 2016 2017
Turnover by Age



> 50 years old 148 44% 84 37%
30 – 50 years old 150 45% 121 54%
< 30 years old 38 11% 21 9%
Total 336
226
Turnover by Gender



Female 82 24% 70 31%
Male 254 76% 156 69%
Total 336
226
Turnover by Region



Gulf Coast (TX, LA, MS, AL) 123 37% 54 24%
Rockies (WY, MT, ND) 61 18% 22 10%
Headquarters (Plano, TX) 152 45% 150 66%
Total 336
226
Rate of Employee Turnover (calculated using the average employee number during the reporting year) 30% (336/1,112) 23% (226/998)
Rate of Turnover Excluding Involuntary Terminations and Retirements (calculated using the average employee number during the reporting year) 4% (50/1,112)1 7% (65/998)1

1 As part of our efforts to reduce overhead and operating costs in response to the continuing decline in oil prices in 2016 & 2017, we reduced our employee headcount through an involuntary workforce reduction, which contributed to an overall headcount reduction of approximately 25% in 2016 and approximately 16% in 2017.

All data year ended December 31, 2016 and December 31, 2017.

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees See Details
See chart below which contains a list of the primary benefits offered to full and part-time employees (employees who work less than 30 hours per week). Denbury has historically had a very low number of part-time employees. In the past 5 years part-time employees made up less than 1% of our employee base. See GRI 102-8. Employees in all of Denbury’s regions have access to the benefits provided below.
Benefits Full-Time Employees Part-Time Employees
Medical Coverage X
Dental Coverage X
Vision Coverage X
Life Insurance X
Whole Life Insurance X
Critical Illness Coverage X
Disability Insurance (Short- and Long-Term) X
Flexible Spending and Health Savings Accounts X
Teladoc X
Employee Assistance Program X X  
Travel Assistance Program X X  
Adoption Assistance Program X
Wellness Program X
Holidays (10) X
Vacation and Sick Time X X1
Long-Term Incentives X2
401(k) X X  

1Employees who work less than 40 hours but more than 20 hours a week will have their vacation and sick time pro-rated accordingly. Employees who work less than 20 hours/week are not eligible for vacation or sick time.

2Eligible employees only.

Occupational Health and Safety
403-1 Occupational health and safety management system See Details
Denbury’s Safety Committee has employee representatives from our HSE, Operations, Operations Services, Project Management, CO2 Business Unit, Gulf Coast Business Unit, North Business Unit, and Well Completions & Workover departments. 100% of our operational employees are represented by the Safety Committee, which is approximately 79% of all Denbury employees.
403-2 Hazard identification, risk assessment, and incident investigation See Details
See charts below
Year Ended December 31, 2016
Non-Tertiary Properties Injuries
(TRIR)1
DART2 Lost Time
Days
Diseases Fatalities
Rocky Mountain Region 1.11 1.11 0 0 0
Gulf Coast Region 0.64 0.42 162 0 0
Headquarters 0.38 0.00 7 0 0
Denbury Total 0.59 0.34 169 0 0
Industry Average 0.90 0.40


Year Ended December 31, 2017
Non-Tertiary Properties Injuries
(TRIR)1
DART2 Lost Time
Days
Diseases Fatalities
Rocky Mountain Region 0.58 0.58 0 0 0
Gulf Coast Region 0.66 0.44 14 0 0
Headquarters 0.00 0.00 0 0 0
Denbury Total 0.36 0.27 14 0 0
Industry Average 1.00 0.60


1 Total Recordable Incident Rate (TRIR) is the number of Occupational Safety and Health Administration (OSHA) recordable incidents for every 200,000 hours worked.
2 Days Away/Restricted or Transfer Rate (DART) is the number of days away from work, work restriction or job transfer resulting from OSHA recordable incidents and illnesses for every 200,000 hours worked.

The information above relates to Denbury’s employees only. It does not include data for contractors working for Denbury, and we do not record information based on gender. All data year ended December 31, 2016 and December 31, 2017.

Training and Education
404-3 Percentage of employees receiving regular performance and career development reviews See Details
100% of our employees (male and female), in every job category, are eligible and encouraged to participate in our performance and career development review each year. In 2016, 96% of our employees participated and in 2017, 92% of our employees participated.
Diversity and Equal Opportunity
405-1 Diversity of governance bodies and employees See Details
See charts below
Year Ended December 31, 2016
Category Gender Age Minorities Total
Male Female <30 Yrs. 30-50 Yrs. 50+ Years
Board of Directors 7 1 0 0 8 0 8
Executives 10 1 0 5 6 1 11
Managers 165 38 0 112 91 16 203
Non-Managers 654 190 84 473 287 122 844
Total Employees1 829 229 84 590 384 139 1,058
Year Ended December 31, 2017
Category Gender Age Minorities Total
Male Female <30 Yrs. 30-50 Yrs. 50+ Years
Board of Directors 7 1 0 0 8 0 8
Executives 12 2 0 8 6 1 14
Managers 136 24 0 88 72 9 160
Non-Managers 565 140 50 401 254 93 705
Total Employees1 713 166 50 497 332 103 879

1Excludes Board of Directors

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