ADVFN - Advanced Financial Network.
HOME» NYSE » D » DNR Stock Price » DNR Stock News

Denbury Share News

 Denbury Resources (de) Stock Price
DNR Stock Price
 Denbury Resources (de) Stock Chart
DNR Stock Chart
 Denbury Resources (de) Stock News
DNR Stock News
 Denbury Resources (de) Company Information
DNR Company Information
 Denbury Resources (de) Stock Trades
DNR Stock Trades

Denbury Sells Haynesville, Texas Gas Assets For $217.5 Million

DOW JONES NEWSWIRES Denbury Resources Inc. (DNR) has agreed to sell its Haynesville and East Texas natural-gas assets to an unnamed closely held oil-and-gas company for about $217.5 million. Shares were up 1.1% at $17.80 in recent premarket trading. Denbury's stock has climbed 19% this year. The company has been shedding assets it acquired with its purchase of slightly smaller rival Encore Acquisition Co. earlier this year in a deal valued at about $3.25 billion, seeking to reduce leverage and focus capital on core areas. Chief Executive Phil Rykhoek said Tuesday the company has "nearly completed" the divestiture program. The Encore deal added production for Denbury that has boosted its top line. In August, Denbury reported swinging to a second-quarter profit absent prior-year derivatives-related write-downs as revenue more than doubled. The Texas sale is expected to close in 30 to 45 days. The company plans a use the $115 million Wyoming acquisition it announced last month to offset tax impacts from the sale in a so-called Section 1031 exchange. Such deals allow the exchange of certain types of property to defer recognition of capital gains or losses. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Denbury (DNR)
10/17/201606:30:00Denbury Announces Reaffirmation of Borrowing Base and Third Quarter...
10/11/201606:53:16Amended Statement of Ownership (sc 13g/a)
10/06/201616:10:10Current Report Filing (8-k)
10/04/201616:26:13Statement of Changes in Beneficial Ownership (4)
10/03/201606:30:00Denbury Resources Promotes Christian S. Kendall to President
09/12/201612:27:07Statement of Changes in Beneficial Ownership (4)
09/01/201616:30:00Denbury Resources to Present at Barclays CEO Energy-Power Conference
08/16/201617:14:53Statement of Changes in Beneficial Ownership (4)
08/16/201617:12:13Statement of Changes in Beneficial Ownership (4)
08/15/201606:30:00Denbury Resources to Present at the Enercom Oil & Gas Conference
08/05/201616:16:48Quarterly Report (10-q)
08/04/201608:42:02Current Report Filing (8-k)
08/04/201606:30:00Denbury Reports Second Quarter 2016 Results
07/22/201616:30:00Denbury Announces Release Date for Second Quarter 2016 Results...
07/12/201611:28:39Statement of Changes in Beneficial Ownership (4)
07/12/201611:26:33Statement of Changes in Beneficial Ownership (4)
07/12/201611:23:55Statement of Changes in Beneficial Ownership (4)
07/12/201611:22:26Statement of Changes in Beneficial Ownership (4)
07/12/201611:19:05Statement of Changes in Beneficial Ownership (4)
07/08/201614:48:52Amended Statement of Ownership (sc 13g/a)

Denbury Res and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations