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Denbury Names McPherson as Operating Chief

By Chelsea Stevenson Denbury Resources Inc. (DNR) named Craig McPherson, its former senior vice president of production and operations, as chief operating officer and Charlie Gibson, its former vice president of the western region, as the new senior vice president of planning, technology and business development. Mr. McPherson has more than 30 years of experience in the oil and natural gas industry. He worked with ConocoPhillips (COP) in managerial and technical roles and joined Denbury in 2011. Mr. Gibson joined the company almost a decade earlier and since then he has served a variety of positions. "Both [McPherson and Gibson] have demonstrated tremendous leadership and their promotions provide the structure to execute the continued expansion of our carbon dioxide enhanced oil recovery strategy," Chief Executive Phil Rykhoek said. In May, the independent oil and gas company beat analysts' expectations and swung to a profit, as its revenue and production increased, while its derivative expenses fell. Earlier this month, Denbury closed a Gulf Coast acquisition in Texas in an effort to increase its oil production estimates. Shares closed at $13.70 on Thursday and are inactive premarket. The stock is down 25% in the past three months. Write to Chelsea Stevenson at chelsea.stevenson@dowjones.com

Stock News for Conocophillips (COP)
DateTimeHeadline
02/11/201613:27:17Amended Statement of Ownership (sc 13g/a)
02/10/201610:19:19Amended Statement of Ownership (sc 13g/a)
02/09/201618:55:00Anadarko Slashes Dividend By 81% -- 2nd Update
02/09/201617:20:00Anadarko Slashes Dividend by 81%
02/09/201617:11:00Anadarko Slashes Dividend By 81% -- Update
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02/04/201608:10:00ConocoPhillips Cuts 2016 Spending Plans
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02/04/201607:59:37Current Report Filing (8-k)
02/04/201607:00:00ConocoPhillips Reports Fourth-Quarter & Full-Year 2015 Results;...
02/03/201609:35:30Statement of Changes in Beneficial Ownership (4)
02/02/201614:24:14Statement of Changes in Beneficial Ownership (4)
02/02/201614:09:56Statement of Changes in Beneficial Ownership (4)
02/02/201614:08:06Statement of Changes in Beneficial Ownership (4)
02/02/201613:55:28Statement of Changes in Beneficial Ownership (4)
02/01/201612:35:00Aker Solutions Bags ConocoPhillips Contract
01/28/201619:44:00Origin Energy Revenue Falls Despite Rise in Output
01/19/201617:31:12Statement of Changes in Beneficial Ownership (4)
01/19/201617:29:12Statement of Changes in Beneficial Ownership (4)

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