Denbury Inc - Company Profile
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Denbury Inc (Denbury), a subsidiary of Exxon Mobil Corp, is an independent oil and natural gas company that carries out exploration, development and production of oil and natural gas from its assets in the Gulf Coast and Rocky Mountain regions in the US. The company primarily focuses on enhanced oil recovery utilizing carbon dioxide (CO2 EOR). Denbury produces and sources CO2 from industrial plants for use in its tertiary oil recovery operations. The company transports CO2 to its fields through pipelines. The company has properties with proven and producing reserves in Mississippi, Louisiana, Texas, Alabama, Montana, North Dakota, and Wyoming. Denbury is headquartered in Plano, Texas, the US.
Headquarters
United States of America
Address
5851 Legacy Circle, Suite 1200, Plano, Texas, 75024
Telephone
1 972 6732000
No of Employees
793
Industry
Energy and Utilities
Revenue (2022)
$1.7B
Products and Services
| Products |
|---|
| Crude Oil |
| Natural Gas |
| Carbon dioxide |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Ownership Changes | In November, the company was acquired by Exxon Mobil Corporation. |
| 2023 | Regulatory Approval | In October, the company secured approval from stockholders to merge with Exxon Mobil Corporation. |
| 2023 | Contracts/Agreements | In July, the company entered into a definitive agreement to be acquired by Exxon Mobil Corporation. |
Competitor Comparison
| Key Parameters | Denbury Inc | Occidental Petroleum Corp | Continental Resources Inc | California Resources Corp | SilverBow Resources Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Plano | Houston | Oklahoma City | Long Beach | Houston |
| State/Province | Texas | Texas | Oklahoma | California | Texas |
| No. of Employees | 793 | 11,973 | 1,254 | 1,060 | 82 |
| Entity Type | Private | Public | Private | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kevin O. Meyers | Chairman; Director | Executive Board | 2011 | 68 |
| Christian S. Kendall | President; Director; Chief Executive Officer | Executive Board | 2017 | 55 |
| Mark C. Allen | Assistant Secretary; Treasurer; Chief Financial Officer; Executive Vice President | Senior Management | 2009 | 54 |
| James S. Matthews | Executive Vice President; Secretary; Chief Administrative Officer; General Counsel | Senior Management | 2012 | 60 |
| Jenny Cochran | Senior Vice President - Business Services | Senior Management | 2017 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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