Denbury Resources 2012 capital expenditure budget remains at $1.5B Approximately two-thirds of which is for tertiary projects, with the remainder for the Bakken. The budgeted amount excludes acquisitions, capitalized interest, and tertiary start-up costs and is net of estimated proceeds from equipment sale/leasebacks. Of the $1.5B budgeted, slightly less than three-quarters had been spent through Q3 of 2012.
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