Denbury - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

Denbury M&A Summary

Denbury has acquired 8 companies of its own. It has also divested 2 assets.

Denbury’s largest acquisition to date was in 2009, when it acquired Encore Acquisition for $4.5B. It’s largest disclosed sale occurred in 2012, when it sold Debury Resources - Bakken Assets to Exxon Mobil for $1.6B. Denbury has acquired in 5 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Denbury Ownership

Who owns Denbury?

Denbury is owned by Exxon Mobil. It was acquired on July 13, 2023.

Denbury Business Overview

Where is Denbury headquartered?

Denbury is headquartered in Plano, Texas.

What is Denbury’s revenue?

Denbury disclosed revenue of 1,704M USD for 2022 and 1,243M USD for 2021.

What sector is Denbury in?

Denbury is an oil/gas exploration company.

When was Denbury founded?

Denbury was founded in 1951.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Denbury

Denbury Inc.

5851 Legacy Circle, Suite 1200,
Plano, Texas 75024
United States,
(972) 673-2000
www.denbury.com

Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. It currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. Danbury was incorporated in 2003 and is based in Plano, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $8.1B $8.1B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.7B $1.7B
  10

Most Recent M&A

Company Date Value Type
Penn Virginia Corp. 2018-10-28 1.7B USD Add-on Acquisition
Radnor, Pennsylvania · www.pennvirginia.com
ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties 2013-01-15 1.1B USD Divestiture
, United States
Debury Resources, Inc. - Bakken Assets 2012-09-20 1.6B USD Divestiture
, North Dakota
Thompson Field 2012-05-01 360M USD Add-on Acquisition
, Texas
Denbury - Aneth Field 2012-04-11 75M USD Divestiture
, United States
Encore Acquisition Co. 2009-11-01 4.5B USD Add-on Acquisition
Fort Worth, Texas · www.encoreacq.com
Conroe Field 2009-03-12 271M USD Add-on Acquisition
Houston, Texas
Venoco, Inc. 2009-02-03 201M USD Add-on Acquisition
Denver, Colorado · www.venocoinc.com
Natural Gas Systems - Delhi Holt-Bryant Unit 2006-05-09 50M USD Divestiture
, United States
McComb Field 2002-07-11 3M USD Divestiture
, Mississippi
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 8 (100%) 8.1B (100%) 2 (100%) 1.7B (100%)
Total 8 $8.1B 2 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 8 8.1B 2 1.7B
  Texas 3 5.1B - -
  Pennsylvania 1 1.7B - -
  Mississippi 1 3M - -
  Colorado 1 201M - -
  North Dakota - - 1 1.6B
Total 8 $8.1B 2 $1.7B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 2
Guggenheim Securities
 1
Legal Deals
BakerHostetler
 1
Vinson & Elkins
 1

Deal Values

buy # Total
> $1B 3 $7.3B
$100M to $1B 3 $832M
< $100M 2 $53M
TOTAL $8.1B
Largest Encore Acquisition Co.
$4.5B (2009-11-01)
sell # Total
> $1B 1 $1.6B
< $100M 1 $75M
TOTAL $1.7B
Largest Debury Resources, Inc. - Bakken Assets
$1.6B (2012-09-20)

M&A Connections

Deals
Acquired from
Strategic(s)
38%
3 (38%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,704   38% 2022
1,243   69% 2021
738   42% 2020
1,260   14% 2019
1,454   31% 2018
1,116   17% 2017
961   23% 2016
1,244   49% 2015
2,417   4% 2014
2,494   3% 2013
2,436   2012
(millions of USD) Show More Show Less

Established

1951

Former Name

Denbury Resources, Inc.

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