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 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 |
5851 Legacy Circle, Suite 1200, 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, 2019
|
Employee |
Contractor |
Total |
Employment Group by Gender: |
|
|
|
Male |
639 |
157 |
796 |
Female |
167 |
11 |
178 |
Total |
806 |
168 |
974 |
Employment Group by Region: |
|
|
|
Gulf Coast (TX, LA, MS, AL) |
307 |
92 |
399 |
Rockies (WY, MT, ND) |
144 |
36 |
180 |
Headquarters (Plano, TX) |
355 |
40 |
395 |
Total |
806 |
168 |
974 |
YEAR ENDED DECEMBER 31, 2019
|
Male |
Female |
Total |
Employment Type by Gender: |
|
|
|
Full-time Employees |
639 |
167 |
806 |
Part-time Employees |
0 |
0 |
0 |
Total |
639 |
167 |
806 |
Region & Gender: |
|
|
|
Gulf Coast (TX, LA, MS, AL) |
294 |
13 |
307 |
Rockies (WY, MT, ND) |
133 |
11 |
144 |
Headquarters (Plano, TX) |
212 |
143 |
355 |
Total |
639 |
167 |
806 |
YEAR ENDED DECEMBER 31, 2020
|
Employee |
Contractor |
Total |
Employment Group by Gender: |
|
|
|
Male |
519 |
169 |
688 |
Female |
138 |
22 |
160 |
Total |
657 |
191 |
848 |
Employment Group by Region: |
|
|
|
Gulf Coast (TX, LA, MS, AL) |
247 |
100 |
347 |
Rockies (WY, MT, ND) |
118 |
27 |
145 |
Headquarters (Plano, TX) |
292 |
64 |
356 |
Total |
657 |
191 |
848 |
YEAR ENDED DECEMBER 31, 2020
|
Male |
Female |
Total |
Employment Type by Gender: |
|
|
|
Full-time Employees |
519 |
137 |
656 |
Part-time Employees |
0 |
1 |
1 |
Total |
519 |
138 |
657 |
Employment Group by Region: |
|
|
|
Gulf Coast (TX, LA, MS, AL) |
236 |
11 |
247 |
Rockies (WY, MT, ND) |
108 |
10 |
118 |
Headquarters (Plano, TX) |
175 |
117 |
292 |
Total |
519 |
138 |
657 |
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 who seek an ethical, diverse and highly distributed supply chain to reduce costs and procure high quality products and services. In 2019 and 2020, Denbury spent approximately $361 million and $188 million, respectively, in procurement costs company-wide. |
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.
Rudy Carreon, Pipeline Project Manager
• Board of Directors for the Texas Pipeline Association
Jenny Cochran, Senior Vice President – Business Services
• Board of Directors for the Energy Diversity & Inclusion Council
Dan Cole, Vice President – Commercial Development and Governmental Relations
• Chairman of the Board for Southeast Oil & Gas Association
• Board of Directors for the Texas Oil & Gas Association
• Member of the Energy Advance Center
Matthew Dahan, Senior Vice President – Business Development & Technology
• Board of Directors for the North Dakota Petroleum Council
Nicol Faught, Senior HR Business Partner
• Board of Directors for the Women’s Energy Network
Donna Lawrence, Tax Manager
• Board of Directors for the Wyoming Energy Authority
• Board of Directors for the Wyoming Taxpayers Association
Kate Ryan, Vice President – Gulf Coast Business Unit
• Member of the Advisory Board for the Plains CO2 Reduction Partnership
Greg Schnacke, Executive Director, Governmental Relations
• Board of Directors for the Domestic Energy Producers Alliance
• 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
Barbara Veltri, Employee Relations Manager
• Member of the Society for Human Resource Management
|
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—Sustainability 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. The Sustainability Committee of the Board of Directors oversees the Company’s health and safety, climate change, environmental, social and community policies, practices and procedures. |
102-20 |
Executive-level responsibility for economic,
environmental, and social topics |
Our senior management team, including the Denbury Carbon Solutions 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, including our Sustainability Committee, on these matters. See also, “Our Environment—Denbury Carbon Solutions” |
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 Inc., Attention Corporate Secretary, 5851 Legacy Circle, Suite 1200, 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
- Board Meetings, Attendance and Committees |
102-23 |
Chair of the highest governance body |
Denbury’s Chairman of the Board is not an executive
officer. See also, “Our Company—Sustainability 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 2022 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. The Sustainability Committee of the Board of Directors oversees the Company’s health and safety, climate change, environmental, social and community policies, practices and procedures. |
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 Sustainability Committee has an oversight role with respect to the risk management process for health, safety, environmental, social and community matters; the Compensation Committee has an oversight role with respect to the risk management process for compensation-related matters; and the Audit Committee has an oversight role with respect to the Company’s principal business, financial, cybersecurity, 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 |
The Sustainability Committee of the Board of Directors oversees the Company’s health and safety, climate change, environmental, social and community policies, practices and procedures. Some of the Sustainability Committee’s duties and responsibilities include identifying risk areas and sustainability strategies related to health, safety, environmental, social and community issues; the Company’s compliance with applicable health, safety and environmental laws, rules and regulations; and monitoring the broader community, climate change and sustainability concerns and issues relevant to the Company’s business, positioning and prospects. See also, “Our Company—Sustainability Governance.” |
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 Inc., Attn: Corporate Secretary, 5851 Legacy Circle, Suite 1200, 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 Non-Employee 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, investors, prospective investors, business partners, 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.
See also, GRI 102-42 and “Our Report—Report Framework”
for more information.
Proxy Statement:
- Executive Compensation -- 2020 Say-on-Pay Results |
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 -- 2020 Say-on-Pay Results |
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 |
The reporting period is 2019 and 2020. 2021 data is included in sections where relevant and helpful |
102-51 |
Date of most recent previous report |
Our 2019 report was released in March of 2020 |
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 the underground storage of CO2 while making our nation more energy secure. |
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 employees being represented and heard. |
Managing our Carbon Footprint |
Environmental |
Emissions (GRI 305-1, 305-2, 305-3, & 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, 305-1, 305-2, 305-3, 305-4, 306-3, 401-1, 401-2, 403-1, 403-2, 404-3, 405-1, and G4-OG1. |
103-3 |
Evaluation of the management approach |
See GRI 201-1, 203-2, 305-1, 305-2, 305-3, 305-4, 306-3, 401-1, 401-2, 403-1, 403-2, 404-3, 405-1, 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, 2019 |
In thousands ($) |
Direct Economic Value Generated (1) |
Revenues |
Combined total of oil, natural gas, and related product sales; CO2 sales and transportation fees; oil marketing revenues; and other income |
1,274,883 |
Economic Value Distributed (1) |
Operating Costs (2) |
Combined total of lease operating expenses; transportation and marketing expenses; CO2 operating and discovery expenses; oil marketing expenses; and general and administrative expenses |
619,105 |
Capital Investment |
Capitalized expenditures (excluding acquisitions), which includes, but is not limited to, capitalized employee wages and benefits |
236,921 |
Payments to Providers of Capital |
Combined total of cash interest expense; gain on early extinguishment of debt; and settlements of commodity derivatives |
11,850 |
Payments to Government |
Combined total of taxes other than income and current income taxes |
97,633 |
Economic Value Retained (Distributed) |
|
|
309,374 |
Year Ended December 31, 2020 |
In thousands ($) |
Direct Economic Value Generated (1) |
Revenues |
Combined total of oil, natural gas, and related product sales; CO2 sales and transportation fees; oil marketing revenues; and other income |
750,712 |
Economic Value Distributed (1) |
Operating Costs (2) |
Combined total of lease operating expenses; transportation and marketing expenses; CO2 operating and discovery expenses; oil marketing expenses; and general and administrative expenses |
475,541 |
Capital Investment |
Capitalized expenditures (excluding acquisitions), which includes, but is not limited to, capitalized employee wages and benefits |
95,168 |
Payments to Providers of Capital |
Combined total of cash interest expense; gain on early extinguishment of debt; and settlements of commodity derivatives |
(10,378) |
Payments to Government |
Combined total of taxes other than income and current income taxes |
52,885 |
Economic Value Retained (Distributed) |
|
|
137,496 |
(1)Amounts represent the combined results for the predecessor and successor periods, but exclude amounts associated with the Company’s restructuring.
(2)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, 2020
As of December 31, 2020, Denbury’s total proved oil and natural gas reserves were approximately 143 million barrels of oil equivalent (“MMBOE”), consisting of 140 million barrels of crude oil, condensate and natural gas liquids (together, “liquids”), and 16 billion cubic feet (3 million BOE) of natural gas. Reserves were 98% liquids and 97% proved developed, with 57% of total proved reserves attributable to Denbury’s CO2 EOR operations. Total tertiary reserves at December 31, 2020 were 82 MMBOE and total non-tertiary reserves were 61 MMBOE.
Tertiary Properties |
Oil (MBbls) |
Natural Gas (MMcf) |
TOTAL MBOEs |
Gulf Coast Region |
70,577 |
– |
70,577 |
Rocky Mountain Region |
11,618 |
– |
11,618 |
Total Tertiary |
82,195 |
– |
82,195 |
Non-Tertiary Properties |
|
|
|
Gulf Coast Region |
11,726 |
13,474 |
13,972 |
Rocky Mountain Region |
46,578 |
2,130 |
46,933 |
Total Non-Tertiary |
58,304 |
15,604 |
60,905 |
Total |
140,499 |
15,604 |
143,100 |
The reserve estimates 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 2020. These prices were $39.57 per Bbl for crude oil and $1.99 per MMBtu for natural gas.
Production Data Year Ended December 31, 2020
Denbury’s 2020 production totaled 49,828 barrels of oil per day (“Bbls/d”) and 7,938 thousand cubic feet (“Mcf”) of natural gas per day. Oil production included 34,135 Bbls/d from tertiary properties and 15,693 Bbls/d from non-tertiary properties.
Tertiary Properties |
Oil (Bbls/day) |
Natural Gas (Mcf/day) |
Gulf Coast Region |
26,675 |
– |
Rocky Mountain Region |
7,460 |
– |
Total Tertiary |
34,135 |
– |
Non-Tertiary Properties |
|
|
Gulf Coast Region |
3,267 |
4,404 |
Rocky Mountain Region |
12,426 |
3,534 |
Total Non-Tertiary |
15,693 |
7,938 |
Total |
49,828 |
7,938 |
A complete report of our estimated proved reserves, production, our report methodology and definitions is included in our Annual Report on Form 10-K.
|
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).
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 Scope 11 – GHG emissions and Vehicle Fuel Consumption emissions for 2019 and 2020 presented in metric tons (tonnes) or gallons (gal). These emissions coincide with emissions calculations using EPA’s GHG Subpart W reporting requirements and applicability as described above.2
Scope 1 – GHG emissions:
YEAR ENDED DECEMBER 31, 2019
Region |
CO2
(tonnes) |
CH4
(tonnes) |
N2O
(tonnes) |
CO2e
(tonnes) |
Rocky Mountain |
225,790 |
2,538 |
0.39 |
289,355 |
Gulf Coast |
376,177 |
5,462 |
0.64 |
512,927 |
Total |
601,967 |
8,000 |
1.03 |
802,282 |
YEAR ENDED DECEMBER 31, 2020
Region |
CO2
(tonnes) |
CH4
(tonnes) |
N2O
(tonnes) |
CO2e
(tonnes) |
Rocky Mountain |
210,484 |
2,238 |
0.33 |
266,524 |
Gulf Coast |
423,121 |
3,560 |
0.78 |
512,342 |
Total |
633,605 |
5,798 |
1.11 |
778,866 |
Scope 1 – Vehicle Fuel Consumption emissions:
YEAR ENDED DECEMBER 31, 2019
Region |
Gasoline (gal) |
Diesel (gal) |
CO2e (tonnes) |
Rocky Mountain |
182,541 |
5,196 |
1,675 |
Gulf Coast |
263,436 |
6,058 |
2,403 |
Headquarters |
- |
- |
- |
Total |
445,977 |
11,254 |
4,078 |
YEAR ENDED DECEMBER 31, 2020
Region |
Gasoline (gal) |
Diesel (gal) |
CO2e (tonnes) |
Rocky Mountain |
162,729 |
2,685 |
1,474 |
Gulf Coast |
184,175 |
3,295 |
1,670 |
Headquarters |
- |
- |
- |
Total |
346,904 |
5,980 |
3,144 |
1Scope 1 emissions are direct emissions from owned or controlled sources of a company.
2Denbury monitors and reports NOx, SOx, PM and VOC emissions as required by various air emissions permits across our operations. 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 2019 and 2020 were used to calculate CO2e.
|
305-2 |
Energy indirect (Scope 2) GHG emissions |
See Details 
See information and charts below |
The following are Denbury’s Scope 21 emissions for 2019 and 2020 presented in metric tons (tonnes) and electricity usage presented in megawatt hours (MwH).2
YEAR ENDED DECEMBER 31, 2019
Region |
MWH |
CO2 (tonnes) |
CH4 (tonnes) |
N2O (tonnes) |
CO2e (tonnes) |
Rocky Mountain |
606,071 |
342,056 |
36.69 |
5.33 |
344,542 |
Gulf Coast |
1,377,636 |
589,595 |
42.63 |
6.20 |
592,491 |
Headquarters |
8,890 |
3,758 |
0.27 |
0.04 |
3,776 |
Total |
1,992,597 |
935,409 |
79.59 |
11.57 |
940,809 |
YEAR ENDED DECEMBER 31, 2020
Region |
MWH |
CO2 (tonnes) |
CH4 (tonnes) |
N2O (tonnes) |
CO2e (tonnes) |
Rocky Mountain |
595,324 |
336,503 |
36.06 |
5.24 |
338,947 |
Gulf Coast |
1,300,896 |
548,644 |
39.03 |
5.66 |
551,293 |
Headquarters |
5,162 |
2,182 |
0.15 |
0.02 |
2,193 |
Total |
1,901,382 |
887,329 |
75.24 |
10.92 |
892,433 |
1Scope 2 emissions are indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by a reporting company.
2Electricity usage presented in megawatt hours (MwH). Scope 2 emissions are based on actual electricity consumption and EPA’s Emissions & Generation Resource Integrated Database (eGRID) data for power grids utilized in our operations.
|
305-3 |
Energy indirect (Scope 3) GHG emissions |
See Details 
See information and charts below |
The following are Denbury’s Scope 31 emissions for 2019 and 2020.2
YEAR ENDED DECEMBER 31, 2019
Region |
MBBLS |
EPA Factor 3 |
Rocky Mountain |
8,876 |
0.43 |
Gulf Coast |
15,306 |
0.43 |
Total |
24,182 |
0.43 |
Region |
MCF |
EPA Factor 4 |
Rocky Mountain |
2,106,579 |
0.0551 |
Gulf Coast |
2,162,587 |
0.0551 |
Total |
4,269,166 |
0.0551 |
Region |
Industrial EOR Purchasers |
Other Industrial Purchasers |
Rocky Mountain |
- |
- |
Gulf Coast |
9,637 |
933,625 |
Total |
9,637 |
933,625 |
TOTAL CO2 (tonnes) |
|
|
Rocky Mountain |
|
|
Gulf Coast |
|
|
Total CO2 (tonnes) |
|
|
YEAR ENDED DECEMBER 31, 2020
Region |
MBBLS |
EPA Factor 3 |
Rocky Mountain |
7,932 |
0.43 |
Gulf Coast |
13,615 |
0.43 |
Total |
21,547 |
0.43 |
Region |
MCF |
EPA Factor 4 |
Rocky Mountain |
1,651,539 |
0.0551 |
Gulf Coast |
2,002,132 |
0.0551 |
Total |
3,653,671 |
0.0551 |
Region |
Industrial EOR Purchasers |
Other Industrial Purchasers |
Rocky Mountain |
- |
- |
Gulf Coast |
4,188 |
1,189,001 |
Total |
4,188 |
1,189,001 |
TOTAL CO2 (tonnes) |
|
|
Rocky Mountain |
|
|
Gulf Coast |
|
|
Total CO2 (tonnes) |
|
|
1Scope 3 emissions include all other indirect emission that occur in a company’s value chain.
2Denbury's Scope 3 emissions reported are limited to commodities production including crude oil and natural gas. The emission totals assume combustion of both products using EPA CO2 emission factors for each.
35.80 mmbtu/barrel x 20.31 kg C/mmbtu x 44 kg CO2/12 kg C x 1 metric ton/1,000 kg = 0.43 metric tons CO2/barrel
420.0053 metric tons CO2/therm x 10.39 therms/Mcf = 0.0551 metric tons CO2/Mcf
https://www.epa.gov/energy/greenhouse-gases-equivalencies-calculator-calculations-and-references
|
305-4 |
GHG emissions intensity |
See Details 
See information and charts below |
GHG Intensity1 |
2019 |
2020 |
Oil production (bbls) |
24,182,075 |
21,546,240 |
Water production (bbls) |
326,497,909 |
290,484,957 |
CO2e emissions (tonnes) |
802,282 |
778,866 |
GHG intensity per barrel of oil (tonnes/bbls) |
0.03318 |
0.03615 |
GHG intensity per barrel of water
(tonnes/bbls) |
0.00246 |
0.00268 |
GHG intensity per barrel of total fluids
(tonnes/bbls) |
0.00229 |
0.00250 |
1Emissions are presented in metric tons (tonnes) and coincide with emissions calculations using EPA’s GHG Subpart W reporting requirements and applicability. GWPs for 2019 and 2020 were used to calculate CO2e. Oil and water production volumes include all operational areas. All data year ended December 31, 2019 and December 31, 2020.
|
Effluents and Waste |
306-3 |
Significant spills |
See Details 
See information and charts below |
YEAR ENDED DECEMBER 31, 2019
Oil |
Rockies |
Gulf Coast |
Total |
Oil Spills (bbls)1 |
1,060 |
930 |
1,990 |
Gross Oil Production (Mbbls) |
8,876 |
15,306 |
24,182 |
Oil Spill Volume as a % of Production |
0.012% |
0.006% |
0.008% |
Water |
Rockies |
Gulf Coast |
Total |
Water Spills (bbls)1 |
6,982 |
10,774 |
17,756 |
Water Production (Mbbls) |
123,892 |
202,606 |
326,498 |
Water Spill Volume as a % of Production |
0.006% |
0.005% |
0.005% |
Year Ended December 31, 2020
Oil |
Rockies |
Gulf Coast |
Total |
Oil Spills (bbls) 1 |
123 |
343 |
466 |
Gross Oil Production (Mbbls) |
7,931 |
13,615 |
21,546 |
Oil Spill Volume as a % of Production |
0.002% |
0.003% |
0.002% |
Water |
Rockies |
Gulf Coast |
Total |
Water Spills (bbls) 1 |
8,971 |
17,407 |
26,378 |
Water Production (Mbbls) |
118,486 |
171,999 |
290,485 |
Water Spill Volume as a % of Production |
0.008% |
0.010% |
0.009% |
1Includes only spills >1 bbl.
|
GRI 400: SOCIAL |
Employment |
401-1 |
New employee hires and employee turnover |
See Details 
See information and charts below |
New
Hires |
2019 |
2020 |
Number of New Hires by Age: |
|
|
|
|
> 50 years old |
5 |
19% |
5 |
38% |
30 – 50 years old |
11 |
42% |
7 |
54% |
< 30 years old |
10 |
39% |
1 |
8% |
Total |
26 |
|
13 |
|
New Hires by Gender: |
|
|
|
|
Female |
9 |
35% |
6 |
46% |
Male |
17 |
65% |
7 |
54% |
Total |
26 |
|
13 |
|
New Hires by Region: |
|
|
|
|
Gulf Coast (TX, LA, MS, AL) |
3 |
11% |
2 |
15% |
Rockies (WY, MT, ND) |
9 |
35% |
2 |
15% |
Headquarters (Plano, TX) |
14 |
54% |
9 |
70% |
Total |
26 |
|
13 |
|
Rate of New Hires
(calculated using the average employee number during the reporting year) |
3.1% (26/835) |
1.9% (13/694) |
Turnover |
20191 |
2020 |
Turnover by Age: |
|
|
|
|
> 50 years old |
43 |
64% |
113 |
70% |
30 – 50 years old |
17 |
25% |
43 |
26% |
< 30 years old |
7 |
11% |
6 |
4% |
Total |
67 |
|
162 |
|
Turnover by Gender: |
|
|
|
|
Female |
12 |
18% |
35 |
22% |
Male |
55 |
82% |
127 |
78% |
Total |
67 |
|
162 |
|
Turnover by Region: |
|
|
|
|
Gulf Coast (TX, LA, MS, AL) |
34 |
51% |
62 |
38% |
Rockies (WY, MT, ND) |
10 |
15% |
28 |
17% |
Headquarters (Plano, TX) |
23 |
34% |
72 |
45% |
Total |
67 |
|
162 |
|
Rate of Employee Turnover
(calculated using the average employee number
during the reporting year) |
8.0% (67/835) |
23.3% (162/694) |
Rate of Turnover Excluding Involuntary Terminations and Retirements (calculated using the average employee number during the reporting year) |
2.9% (24/835) |
3.0% (21/694)) |
1In December 2019, we made a voluntary separation program offer to certain eligible employees as part of the Company’s ongoing efforts to reduce costs.
All data year ended December 31, 2019 and December 31, 2020.
|
|
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 HSE Committee has employee representatives from our CCUS, Enterprise Asset Management, Gulf Coast Business Unit, HSE, Maintenance & Repair, North Business Unit, Operations, Operations Excellence, Pipeline & Project Management, and Well Completions & Workover departments. 100% of our operational employees are represented by the HSE Committee, which is approximately 70% of all Denbury employees. |
403-2 |
Hazard identification, risk assessment, and incident
investigation |
See Details 
See charts below |
Year Ended December 31, 2019
Region |
Injuries
(TRIR)1 |
DART 2 |
Lost Time
Days |
Diseases |
Fatalities |
Rocky Mountain Region |
0.00 |
0.00 |
0 |
0 |
0 |
Gulf Coast Region |
0.62 |
0.62 |
194 |
0 |
0 |
Headquarters |
0.53 |
0.26 |
133 |
0 |
0 |
Denbury Total |
0.47 |
0.35 |
327 |
0 |
0 |
Industry Average |
0.60 |
0.40 |
|
|
|
Year Ended December 31, 2020
Region |
Injuries
(TRIR)1 |
DART 2 |
Lost Time
Days |
Diseases |
Fatalities |
Rocky Mountain Region |
2.40 |
1.60 |
17 |
0 |
0 |
Gulf Coast Region |
1.13 |
1.13 |
76 |
2 |
0 |
Headquarters |
0.00 |
0.00 |
0 |
0 |
0 |
Denbury Total |
0.84 |
0.70 |
93 |
2 |
0 |
Industry Average 3 |
- |
- |
|
|
|
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.
3 The Bureau of Labor Statistics has not yet published industry averages for TRIR or DART for the year 2020.
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, 2019 and December 31, 2020.
|
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, participate in our performance and career development review each year.
|
Diversity and Equal Opportunity |
405-1 |
Diversity of governance bodies and employees |
See Details 
See charts below |
YEAR ENDED DECEMBER 31, 2019
Category |
Gender |
Age |
Minorities |
Total |
Male |
Female |
<30 Yrs. |
30-50 Yrs. |
>50 Years |
Board of Directors |
6 |
2 |
0 |
0 |
8 |
0 |
8 |
Executives |
12 |
2 |
0 |
5 |
9 |
1 |
14 |
Managers |
134 |
23 |
0 |
87 |
70 |
9 |
157 |
Non-Managers |
493 |
142 |
40 |
363 |
232 |
96 |
635 |
Total Employees1 |
639 |
167 |
40 |
455 |
311 |
106 |
806 |
YEAR ENDED DECEMBER 31, 2020
Category |
Gender |
Age |
Minorities |
Total |
Male |
Female |
<30 Yrs. |
30-50 Yrs. |
>50 Years |
Board of Directors |
6 |
1 |
0 |
0 |
7 |
1 |
7 |
Executives |
12 |
2 |
0 |
6 |
8 |
1 |
14 |
Managers |
119 |
18 |
0 |
85 |
52 |
10 |
137 |
Non-Managers |
388 |
118 |
24 |
328 |
154 |
84 |
506 |
Total Employees1 |
519 |
138 |
24 |
419 |
214 |
95 |
657 |
1Excludes Board of Directors
|