Denbury Resources Reports Operational Impacts Associated With Tropical Storm Harvey
August 28 2017 - 06:30AM
Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”)
today announced that due to conditions associated with now Tropical
Storm Harvey, effective Sunday, August 27, the Company suspended
operations and temporarily shut-in all production at its Houston
area fields, representing net production of approximately 16,000
barrels of oil equivalent per day. The impacted fields include
Hastings, Oyster Bayou, Conroe, Thompson, Webster and Manvel.
While no significant damage outside of localized flooding has been
reported at any of these fields, the full impact of the storm may
not be determined for several days as we have evacuated our
employees and contractors as a precautionary measure.
Chris Kendall, Denbury’s President and CEO
commented, “The safety of our employees and contractors is our top
priority. We will continue to monitor conditions at each of
the impacted fields, and will resume operations to restore
production when conditions allow, and we are able to ensure the
safe return of our personnel.”
Denbury is an independent oil and natural gas
company with operations focused in two key operating areas: the
Gulf Coast and Rocky Mountain regions. The Company’s goal is
to increase the value of its properties through a combination of
exploitation, drilling and proven engineering extraction practices,
with the most significant emphasis relating to CO2 enhanced oil
recovery operations. For more information about Denbury,
please visit www.denbury.com.
DENBURY CONTACTS:
Mark C. Allen, Senior Vice President and Chief Financial Officer, 972.673.2000
John Mayer, Investor Relations, 972.673.2383
Denbury Resources (NYSE:DNR)
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