Denbury to Purchase ConocoPhillips’ Rockies Oilfields

Bloomberg reported that Denbury Resources Inc. (NYSE:DNR) has agreed to purchase acreage in Montana and North Dakota from ConocoPhillips for $1.05B as part of its expansion plans in the Rocky Mountain.

As quoted in the market news:

The 86,000 acres Denbury is acquiring yielded the equivalent of about 11,000 barrels of oil a day, offsetting 12,500 barrels of average daily production lost in the Exxon sale, according to slides posted today on the company’s website.

Click here to read the full Bloomberg report.

Get the Latest Oil Investing Stock Information

Get the latest information about companies associated with Oil Investing delivered directly to your inbox.

Oil

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply