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& Impacts

Denbury’s strong desire and commitment to invest in our communities has many positive economic, environmental and social impacts. Our activities reinvigorate labor markets, businesses and the local environment. Our projects are generational, and our long-term investments will generate millions of dollars in tax revenue and other economic activity for our states and communities.


Denbury is unique among domestic oil and gas companies, because our primary corporate strategy and focus is aimed at developing significant stranded reserves of oil from depleted reservoirs through CO2 EOR. During the CO2 EOR process, we reinvest in our areas of operation by cleaning up legacy fields, making future growth and long-term community development possible.

Facility development and field improvements provide a significant economic injection to both state and local economies. Well work, field infrastructure improvements, land acquisition, CO2 recycle facility construction, power installation and other capital expenditures can be in the hundreds of millions of dollars per field. Direct and indirect impacts include new job creation and growth in labor income and gross regional product, resulting in added value to the area through state and local tax revenue, royalty income and product sales. Our projects generally can span between 10-20 years of consistent investment.

Our process rejuvenates fields as we install equipment with cutting-edge technology to ensure identification of age-related problems and modernization of facilities to prepare them for CO2 injection. CO2 EOR operations require specialized equipment that replaces and consolidates older equipment and facilities, resulting in a smaller environmental footprint from production operations. Areas of field improvement routinely include:

  • mechanical integrity review of wellbores and surface production facilities;
  • pressure testing of existing casing and replacement (if necessary) of old tubing;
  • installation of new wellhead equipment;
  • installation of emissions reduction equipment;
  • installation of remote telemetry field monitoring equipment that reduces vehicle traffic;
  • installation of sound barriers, silencers and landscaping;
  • reclamation of land after removal of old and unneeded equipment;
  • replacement of old production flow lines with new flow lines; and
  • installation of other updated technical equipment to assist with 24/7 operations and safety monitoring activities.

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Our operations have a positive economic impact on many groups inside and outside our local communities. Denbury’s royalty interest owners share in the benefits of our projects and their interests are closely aligned with ours. Local employees also benefit by receiving competitive salaries and benefits, which in turn support their families and allows them to invest in their communities. Millions of dollars in tax revenue are generated annually by our activities in our states and communities. Additionally, the groups and individuals that finance our business through the purchase of Denbury bonds earn a share of the value we create in the form of interest payments.

A Look at Denbury’s Investment in the Gulf Coast & Rocky Mountain Regions

Denbury has a strong, long-term commitment in the Gulf Coast and Rocky Mountain regions through our growing oil production, operations, and investments in our CO2 development and transportation projects.

For the fiscal year ending December 31, 2018, Denbury made the following capital investments1 in Texas, Louisiana, Mississippi, Alabama, Montana, North Dakota, and Wyoming:


1 Excludes capitalized interest, end-of-life P&A, capitalized exploration (not recorded by state), acquisitions and sales.

For the fiscal year ending December 31, 2018, it is estimated that our oilfield activities had the following direct economic impact in Texas, Louisiana, Mississippi, Alabama, Montana, North Dakota, and Wyoming2:


2The information above relates to all oilfield employees employed by Denbury during 2018. It does not include data for employees located in Denbury's corporate headquarters.

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The U.S. Department of Energy has estimated that 83 billion barrels of technically recoverable oil may be produced utilizing CO2 EOR.3 It has been estimated that it may be feasible to expand U.S. production from EOR to as much as four million barrels of oil per day if conditions permit. Denbury is positioned to play a critical role in this expansion. Our two operating areas, the Gulf Coast and Rocky Mountain regions, are strategically located in areas in which the DOE estimates there are up to 16 billion barrels of oil that could be recovered through CO2 EOR. As EOR grows to contribute significant and stable U.S. oil supplies from existing fields within our borders, it will positively impact all sectors of the U.S. economy and substantially contribute to American energy security.

Bbls 83 billion Technically recoverable U.S. oil produced utilizing CO2 EOR

Bbls 16 billion CO2 EOR oil potential in Denbury’s regions

3 Source: 2013 DOE NETL Next Gen EOR.

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