Denbury Resources Emerges From Chapter 11 Bankruptcy As Denbury

Updated 1 year ago

Denbury has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy. Common stock will commence trading on the NYSE (DEN) exchange on Monday, September 21st. The company has eliminated $2.1 billion in debt through a pre-packaged restructuring agreement and continued to operate without interruption during the process. Evercore acted as a financial advisor.

Denbury President & CEO

Denbury is now a stronger company with the financial flexibility to continue building on our unique CO2 EOR focused strategy for many years to come. As a result of this process, we are better positioned to compete in a dynamic and evolving energy market and capitalize on the many opportunities ahead, including leveraging our expertise and our strategic assets into an emerging carbon capture, use, and storage business.