Does Denbury Resources have any international operations?
No, Denbury Resources does not have any international operations. The company primarily focuses on oil and natural gas exploration, development, and production within the United States. Denbury's operations are mainly concentrated in Gulf Coast and Rocky Mountain regions, where it has established a strong presence. The company's strategy revolves around the utilization of enhanced oil recovery (EOR) techniques, primarily using carbon dioxide (CO2), to extract more oil from mature oil fields. Denbury invests heavily in EOR projects, which enables them to extend the productive life of existing fields. By concentrating its operations domestically, Denbury maximizes its expertise in the US market, ensuring better control over operations, regulations, and logistical factors that can directly impact its business.
Answered May 3, 2024
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