DENBURY RESOURCES INC. (NYSE:DNR) Files An 8-K Costs Associated with Exit or Disposal Activities
Item 2.05 – Costs Associated with Exit or Disposal Activities

The disclosure under Item 7.01 of this report is hereby incorporated by reference in this Item 2.05.

Section 7 – Regulation FD

Item 7.01 – Regulation FD Disclosure

As announced on August 15, 2017, on August 10, 2017, Denbury Resources Inc. (the “Company”) implemented a workforce reduction initiative as part of an overall plan to reduce costs and better align its workforce with the needs of the business and current oil prices.The workforce reduction resulted in a reduction of approximately 15 percent of the Company’s workforce, principally comprised of personnel at the Company’s headquarters. In connection with the workforce reduction, the Company currently estimates it will incur approximately $8 million of one-time charges in the third quarter of 2017, all of which will be paid in cash during 2017.

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.