SOURCE: Industrial Info Resources

Industrial Info Resources

January 08, 2014 06:15 ET

Denbury Poised to Grow as Oil Demand Rises and CO2 Mitigation Strategies Accelerate, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 8, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- High crude oil prices and increased concern over CO2 emissions from power plants are two trends that make for a bright future at Denbury Resources Incorporated (NYSE:DNR) (Plano, Texas). The company, which produces about 68,000 barrels of oil per day (BBL/d), calls itself "a different kind of oil company." It operates mainly in domestic enhanced oil recovery (EOR) projects by injecting carbon dioxide (CO2), which it gathers and transports, into mature oil wells to stimulate incremental production.

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