What is the primary business of Denbury Resources?
Asked a year ago
The primary business of Denbury Resources is to engage in the exploration, production, and development of oil and natural gas properties. Denbury is focused on enhanced oil recovery (EOR) techniques, specializing in utilizing carbon dioxide (CO2) to extract additional reserves from mature oil fields. Through a meticulous process, Denbury captures and transports CO2 from natural springs or industrial sources like refineries and injects it into oil reservoirs. This CO2 stimulates the oil production and extends the life of these fields. Denbury is dedicated to maximizing the recovery of oil and gas resources, while also adhering to safe and sustainable practices. Additionally, the company aims to manage costs effectively and prudently, ensuring the long-term profitability and growth of the business.
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