Denbury (DEN) Announces 2022 Capital Plan and Production Guidance
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Denbury Announces 2022 Capital Plan and Production Guidance, Focused on Progressing Strategic EOR and CCUS Initiatives
February 24, 2022 6:32 AM ESTPLANO, Texas--(BUSINESS WIRE)-- Denbury Inc. (NYSE: DEN) (Denbury or the Company) today announced its 2022 capital budget range for oil and natural gas development expenditures of $290 million to $320 million; at the midpoint comprised of $115 million for continuation of the Cedar Creek Anticline (CCA) EOR development and $190 million for other tertiary and non-tertiary oil-focused development projects, capitalized internal costs and CO2 sources and pipelines. This compares to total oil and natural gas development expenditures of $252 million in 2021, of which $123 million was invested in the CCA EOR development and $129 million in other tertiary and non-tertiary oil-focused development projects,... More
