Denbury Inc. today announced that, at its Special Meeting of Stockholders held earlier today, Denbury stockholders voted to approve its merger with Exxon Mobil Corp. . As previously announced, under the terms of the merger agreement, ExxonMobil will acquire all of the outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. According to preliminary results, Denbury [...]
Denbury Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended , with respect to the previously-announced agreement for ExxonMobil to acquire all outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. The expiration of the HSR Act waiting period occurred at 11:59 p.m. EDT on September 11, 2023 [...]
Denbury Inc. today announced it will release its financial and operational results for the second quarter of 2023 after the close of U.S. financial markets on Thursday, August 3rd. The Company will host a live webcast to review its results on Friday, August 4th, at 11:00 a.m. CDT. Denbury's earnings release, supplemental materials, and webcast will be accessible on its Investor Relations website at investors.denbury.com [...]
Denbury Inc. announced today that it has formed a joint venture with Lapis Energy, LP to design, implement, and operate a carbon dioxide sequestration project at Lapis Energy's 14,000-acre site located in St. Charles Parish, Louisiana, approximately 20 miles west of New Orleans. Each party will have a 50 percent interest in a newly formed project company, Libra CO2 Storage Solutions LLC . The joint venture partners [...]
Denbury Inc. today announced that Chris Kendall, President and Chief Executive Officer, will participate in a Carbon Capture, Utilization and Storage panel at the J.P. Morgan Energy, Power & Renewables Conference on Thursday, June 22, 2023, at 12:05 p.m. Eastern Time. Mr. Kendall and other members of management will also participate in meetings at the conference with investors. Supplemental corporate materials will be [...]
Denbury Inc. today provided its first quarter 2023 results. Supplemental materials for the quarter are also available at www.denbury.com. The Company will host a webcast to review its results tomorrow, May 4, at 11:00 a.m. Central Time on its website. KEY 1Q HIGHLIGHTS First quarter 2023 net cash flows provided by operating activities totaled $89 million, and adjusted cash flows from operations totaled $140 million. Net [...]
Denbury Inc. today announced it will release its financial and operational results for the first quarter of 2023 after the close of U.S. financial markets on Wednesday, May 3rd. The Company will host a live webcast to review its results on Thursday, May 4th, at 11:00 a.m. CDT. Denbury's earnings release, supplemental materials, and webcast will be accessible on its Investor Relations website at investors.denbury.com. A [...]
Aqualung Carbon Capture , a leader in membrane carbon dioxide capture and separation technology, is excited to announce the strategic carbon capture and sequestration partnership with Denbury Inc. , the world's largest CO2 pipeline operator. In conjunction with the partnership, Denbury will make an equity investment in Aqualung, expanding on our strong shareholder base. Aqualung's CO2 capture technology has demonstrated [...]
Aqualung Carbon Capture , a leader in membrane carbon dioxide capture and separation technology, is excited to announce the strategic carbon capture and sequestration partnership with Denbury Inc. , the world's largest CO2 pipeline operator. In conjunction with the partnership, Denbury will make an equity investment in Aqualung, expanding on our strong shareholder base. Aqualung's CO2 capture technology has demonstrated [...]
Denbury Inc. today announced several new agreements related to its carbon capture, utilization and storage business and provided its 2023 goals, which are intended to further the Company's leadership position in CCUS. Chris Kendall, Denbury's President and Chief Executive Officer, commented, "Today, we are announcing a number of new CCUS agreements, including CO2 transportation agreements for customers in the emerging [...]
Denbury Inc. today announced its 2023 capital budget range for oil and natural gas development of $350 million to $370 million, and for carbon capture, utilization, and storage capital expenditures of $140 million to $160 million. At the combined midpoint of $510 million , planned capital expenditures are up 19% from 2022, with the increase driven entirely by the CCUS business as the Company plans to enhance its spending [...]
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