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.
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 2019 and 2020 combined, Denbury made the following capital investments1 in Alabama, Louisiana, Mississippi, Montana, North Dakota, Texas, and Wyoming:
1 Includes all development and maintenance capital and excludes capitalized interest, end-of-life P&A, capitalized exploration (not recorded by state), acquisitions and sales.
For the fiscal year ending December 31, 2020, it is estimated that our oilfield activities had the following direct economic impact in Louisiana, Mississippi, Montana, North Dakota, Texas, and Wyoming2:
2The information above relates to all oilfield employees employed by Denbury during 2020. It does not include data for employees located in Denbury's corporate headquarters.
3Annual Taxes include: maintenance, severance, locomotive, conservation, ad valorem production, restoration fee, and ad valorem property taxes.