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Stock Market & Financial Investment News

News Breaks
November 6, 2012
08:40 EDTDNRDenbury Resources expected 2012 production estimates unchanged
As previously announced, the Company has entered into an agreement to sell its Bakken area assets in a transaction expected to close around the end of November. Not including the impact of the Bakken transaction, Denbury's expected average 2012 production estimates are unchanged at: Tertiary 33,000-36,000 BOE/d; Bakken 14,350-16,350 BOE/d; Other 22,000 BOE/d; Production sold 425; Total Production 69,775-74,775 BOE/d.
News For DNR From The Last 14 Days
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February 26, 2015
08:10 EDTDNREvolution Petroleum and Denbury Resources sign reversal of suspended revenue
Evolution Petroleum (EPM) and Denbury (DNR) executed an agreement under which Denbury will reverse the previously disclosed suspension of 2.89% of Evolution's overriding royalty interest revenues and will release to Evolution amounts previously suspended totaling approximately $712K Denbury further agreed not to suspend any future revenues attributable to any of Evolution's revenue interests, except under limited circumstances, and will limit any cash calls to amounts needed to fund near term capital expenditures. This agreement does not settle any of the outstanding litigation matters with Denbury, including their counterclaim related to the net revenue interest conveyed in the 2006 Purchase and Sale Agreement. The litigation is continuing and currently scheduled for trial in July 2015.

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