Denbury Resources, Inc.

Denbury Resources, Inc.

Denbury Resources, Inc.

Overview
Date Founded

1999

Headquarters

5320 LEGACY DR, PLANO, TX, 750243127

Type of Company

Public

Employees (Worldwide)

806

Industries

Oil & Gas
Power & Utilities

Company Description

Denbury Resources, Inc. engages in the exploitation, drilling, and extraction of oil and natural gas properties. Its operations are focused in the Gulf Coast and Rocky Mountain regions. The company was founded by Gareth G. Roberts in 1951 and is headquartered in Plano, TX.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Executive Vice President, Chief Financial Officer, Treasurer & Assistant Secretary

Secretary, CAO, Executive Vice President & General Counsel

Vice President & Chief Information Officer

Vice President & Chief Accounting Officer

Senior Vice President, Operations

Senior Vice President, Business Development & Technology

Senior Vice President-Human Resources

Vice President-North Region

Vice President, Finance

Board of Directors

Director, President & Chief Executive Officer at Denbury Resources, Inc.

Former President at ConocoPhillips Canada Resources Corp.

Vice Chairman & Director at ARC Financial Corp.

Vice Chairman at Colorado Oil & Gas Association

President & Chief Executive Officer at Forte Consulting, Inc.

Treasurer & Director at World Affairs Council of Dallas/Fort Worth

Independent Consultant at Denbury Resources, Inc.

Director-Colorado Chapter at National Association of Corporate Directors

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Denbury Resources, Inc.
Owners & Shareholders
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CCP focuses on investments in publicly-traded equity securities of companies in the energy industry, with particular emphasis on US companies engaged in the exploration and production of oil and gas and other natural resources. The firm's principals have developed a proprietary valuation model that identifies market inefficiencies in this field and guides their investment decisions. Their model is designed to determine the real-time value of oil and gas producing assets or companies. CCP believes that oil and gas exploration and production-related equities are valued primarily on reserve-based measures, and that their method of valuing securities has a higher correlation to share price for their target stocks than any other published methodology. All of the clients CCP advises have diversified portfolios of both long and short positions. CCP's funds invest primarily in stocks and, occasionally, options.

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Founded in 2009 by Terry Ledbetter, Kopion Asset Management is an investment advisor located in Houston, Texas.

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Recent Transactions
Details Hidden

Navitas Petroleum LP purchases Denbury Resources, Inc. /TX Oil Assets from Denbury Resources, Inc.

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Denbury Resources, Inc., Denbury Onshore LLC purchase Linn Energy, Inc. /Salt Creek Field Assets from Linn Energy, Inc.

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Denbury Resources, Inc. purchases West Yellow Creek Field

Transaction Advisors
Auditor

Advised onDenbury Resources, Inc. issued USD Common Stock

Underwriter

Advised onDenbury Resources, Inc. issued USD Common Stock

Legal Advisor

Advised onDenbury Resources, Inc. purchases Encore Acquisition Co.

Legal Advisor

Advised onDenbury Resources, Inc. purchases Encore Acquisition Co.

Legal Advisor

Advised onDenbury Resources, Inc. purchases Encore Acquisition Co.

Legal Advisor

Advised onDenbury Resources, Inc. purchases Encore Acquisition Co.

Advisors & Consultants
Advisor

Former President, Chief Executive Officer & Interim Chief Operating Officer at Denbury Resources, Inc.

Clients

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Plains All American Pipeline, L.P. is a publicly traded master limited partnership (“MLP”) engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products (together "NGL"). Through our general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), we are also engaged in the development and operation of natural gas storage facilities. We own and operate a diversified portfolio of strategically located assets that play a vital role in the movement of U.S. and Canadian energy supplies. On average we handle over 3 million barrels per day of crude oil, refined products and NGL through our extensive network of assets located in key North American producing basins and transportation gateways. As an MLP, we make quarterly distributions of our available cash to our Unitholders. Since our initial public offering in 1998, we have increased our quarterly distribution by 150% to its current level (with February 2013 distribution) of $0.56250 per unit, or $2.25 per unit on an annualized basis. It is our goal to increase our distribution to Unitholders over time through a combination of internal and acquisition-oriented growth. Our common units are traded on the New York Stock Exchange under the symbol "PAA." We are headquartered in Houston, Texas

Genesis Energy LP operates as a master limited partnership, which focuses on midstream segment of the oil and gas industry. It provides suite of midstream services and produces natural soda ash. The company operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals & Sulfur Services, Onshore Facilities & Transportation and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies who make intensive capital investments to develop numerous large-reservoir, long-lived crude oil and natural gas properties in the gulf of Mexico, primarily offshore Texas, Louisiana, Mississippi and Alabama. The Sodium Minerals & Sulfur Services segment owns the leasehold position of accessible trona ore reserves in the Green River trona patch, a geological formation holding the vast majority of the world's accessible trona ore reserves. The Onshore Facilities & Transportation segment owns and leases integrated suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading and unloading facilities. The Marine Transportation segment provides transportation services. Genesis Energy was founded in December 1996 and is headquartered in Houston, TX.

Key Stats and Financials As of 2019
Market Capitalization
$292M
Total Enterprise Value
$2.94B
Earnings Per Share
$0.45
Revenue
$1.26B
EBITDAMargin
45.11%
Enterprise Value Sales
2.33x
Enterprise Value EBITDAOperating
5.08x
TEVNet Income
13.54x
Debt TEV
0.76x
Total Equity
$1.41B
EBITDA
$569M
Total Debt
$2.22B
Net Profit
$217M
Five Year Compounded Annual Growth Rate Of Revenue
-12.21%
Three Year Compounded Annual Growth Rate Of Revenue
9.48%
Non-Profit Donations & Grants
Political Donations
$1,000
2012
$1,000
2012
$500
2012
Suppliers
Genesis Energy LP Power & Utilities | Houston, TX

Genesis Energy LP operates as a master limited partnership, which focuses on midstream segment of the oil and gas industry. It provides suite of midstream services and produces natural soda ash. The company operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals & Sulfur Services, Onshore Facilities & Transportation and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies who make intensive capital investments to develop numerous large-reservoir, long-lived crude oil and natural gas properties in the gulf of Mexico, primarily offshore Texas, Louisiana, Mississippi and Alabama. The Sodium Minerals & Sulfur Services segment owns the leasehold position of accessible trona ore reserves in the Green River trona patch, a geological formation holding the vast majority of the world's accessible trona ore reserves. The Onshore Facilities & Transportation segment owns and leases integrated suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading and unloading facilities. The Marine Transportation segment provides transportation services. Genesis Energy was founded in December 1996 and is headquartered in Houston, TX.

Exxon Mobil Corporation Power & Utilities | Irving, Texas

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).

Corinth Pipeworks Holdings SA Metal Manufacturing & Products | Maroussi, Greece

Corinth Pipeworks Holdings SA engages in the manufacture and sale of steel pipes. It also offers final site delivery, storage, material and corrosion testing, pipe coating, pipe cutting, and technical consultancy and materials selection services. The company was founded in 1969 and is headquartered in Athens, Greece.

Competitors
Continental Resources, Inc. Oil & Gas - Oklahoma City, OK

Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation’s premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental’s growth strategy has focused on crude oil since the 1980s. The company reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014.

Pioneer Natural Resources Co. Oil & Gas - Irving, TX

Pioneer Natural Resources is a large independent oil and natural gas company that is focused on helping meet the world’s energy needs. We deliver strong production and reserve growth through onshore exploration and production in the United States, while providing opportunities for growth and enrichment for business partners, employees and the communities in which we operate. With a foundation of long-lived and stable properties providing steady growth, Pioneer’s advanced technology, strategic practices and integrated services model make us an industry leader in developing new resource plays, especially in Texas. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. We are one of the largest natural gas operators in the Rockies and Mid-Continent regions with assets in the coal bed methane-rich Raton Basin as well as in the Hugoton and Texas Panhandle gas fields. Our operations include ongoing drilling programs in Texas’ liquids-rich Barnett Shale Combo play and in Alaska’s Oooguruk field, where Pioneer became the first independent operator to produce oil on the North Slope

Noble Energy, Inc. Oil & Gas - Houston, TX

Noble Energy, Inc. operates as an exploration and production company. It engages in the acquisition, exploration and development of crude oil and natural gas. The firm operates through the following geographical segments: United States, Eastern Mediterranean, West Africa, Other International and Midstream. The United States segment consists of U.S. onshore and Gulf of Mexico. The Eastern Mediterranean segment includes Israel and Cyprus. The West Africa segment comprises of Equatorial Guinea, Cameroon, and Gabon. The Other International segment is composed of Newfoundland, Suriname, and other new ventures. The Midstream segment owns, operates, develops, and acquires domestic midstream infrastructure assets with current focus areas being the DJ and Delaware Basins. The company was founded by Lloyd Noble in 1932 and is headquartered in Houston, TX.

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