Denbury Inc.
DNRWW
Other OTC58.11
USD
-0.89
- -
Return %
Stock
S&P500
1Y
-9.80
26.84
3Y
22.34
77.03
5Y
22.34
80.55
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Similar Companies
- Business
- Denbury Inc. (DNRWW) operates as a subsidiary of ExxonMobil Corporation following its acquisition in November 2023 for $4.9 billion in an all-stock transaction; the company focuses on carbon capture, utilization, and storage (CCUS) solutions alongside enhanced oil recovery (EOR) using CO2 injection, oil and natural gas production, and transportation via an extensive CO2 pipeline network exceeding 1,300 miles primarily in the Gulf Coast (Mississippi, Texas, Louisiana, Alabama) and Rocky Mountain (Montana, North Dakota, Wyoming) regions of the United States. Core products and services encompass CO2 EOR operations that recycle CO2 to produce carbon-negative Blue Oil, crude oil and natural gas extraction from proved reserves surpassing 200 million barrels of oil equivalent, daily production of approximately 46,000 barrels of oil equivalent, and CO2 pipeline infrastructure delivering sourced CO2 to EOR fields and industrial customers. Founded in 1951 and headquartered in Plano, Texas, Denbury targets energy producers, industrial CO2 emitters, and low-carbon solution providers in the upstream oil and gas sector with strategic assets enabling emissions reductions potentially exceeding 100 million metric tons annually when optimized within ExxonMobil's Low Carbon Solutions business. The 2023 acquisition by ExxonMobil represents the most significant recent development, integrating Denbury's CO2 assets to accelerate CCS commercialization, expand decarbonization services, and support ExxonMobil's hydrogen, ammonia, biofuels, and direct air capture initiatives amid ongoing utilization of its legacy EOR operations.