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Stock impact report

Denbury Provides Operational Update and Results of Successful Mission Canyon Exploitation Well, 2018 Capital and Estimated Production

DENBURY RESOURCES (DNR) 
Last denbury resources earnings: 2/25 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
PLANO, Texas, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced its preliminary year-end 2017 proved reserves, production and capital expenditures, the initial results of its successful first Mission Canyon exploitation well in the Cedar Creek Anticline, and its 2018 capital budget and estimated annual production. HIGHLIGHTS 2017 preliminary production, capital expenditures, and proved reserves Q4 2017 production – 61,144 barrels of oil equivalent per day (“BOE/d”), 97% oilFY 2017 production – 60,298 BOE/d, 97% oil2017 development capital – $241 million, below capital budget of $250 million2017 proved reserves – 260 million barrels of oil equivalent (“MMBOE”), representing a 127% replacement of 2017 annual productionYear-end 2017 preliminary PV-10 Value(1) – $2.5 billion, up from $1.5 billion at year-end 2016 Mission Canyon exploitation well Successful first Mission Canyon well opens additional development Show less Read more
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