DENBURY RESOURCES INC. (NYSE:DNR) Files An 8-K Other EventsItem 8.01 – Other Events
On April 6, 2018, as part of the Denbury Resources Inc. (the “Company”) spring 2018 semiannual borrowing base redetermination, the borrowing base and lender commitments under the Company’s Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and other lenders party thereto (as amended, the “Bank Credit Agreement”) were reaffirmed at $1.05 billion, with the next such redetermination scheduled for November 2018. The Bank Credit Agreement is a senior secured revolving credit facility with a maturity date of December 9, 2019, and semiannual borrowing base redeterminations.
About DENBURY RESOURCES INC. (NYSE:DNR)
Denbury Resources Inc. is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It has estimated proved oil and natural gas reserves of over 288.6 million barrels of oil equivalent (MMBOE). Its primary Gulf Coast carbon dioxide (CO2) source is Jackson Dome, which is located near Jackson, Mississippi. Its mature group of properties includes the initial CO2 field, Little Creek, as well as various other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu, Martinville, McComb and Soso fields. Its LaBarge Field is located in southwestern Wyoming. It holds interest in LaBarge Field, which consists of over 1.2 trillion cubic feet of proved CO2 reserves.
