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Denbury Resources company history timeline

1951

In March 1951, the company was incorporated in Manitoba as "Kay Lake Mines Limited (N.P.L.)".

1984

In September 1984, the name of the company was changed to "Newscope Resources Limited".

1987

After 1987, however, the unvarying quality of its existence began to change.

1990

In a transaction completed four months later, the company acquired all the outstanding shares of Denbury Management, a Mississippi-based company formed in 1990, and appointed its leader, Gareth Roberts, president and chief executive officer of Newscope.

1992

In March 1992, the company sold its Manitoba oil and gas properties--the historical roots of the organization.

1995

After adopting Newport Resources as its corporate title, the company changed its name three more times during the ensuing nine years, eventually settling on Denbury Resources, Inc. in December 1995.

1995: Newscope changes its name to Denbury Resources, Inc.

1996

The first of Denbury's signal purchases occurred in May 1996.

1998

In 1998, the company acquired properties from Chevron Corporation for $202 million.

1999

In April 1999, the deal was concluded, when Texas Pacific gave Denbury $100 million in return for increasing its ownership in the company from 32 percent to 60 percent.

2002

In 2002, the company acquired the McComb field for $2.3 million.

2003

By 2003, after carbon dioxide flooding of the property, Little Creek was averaging 3,201 barrels of oil per day.

2004

2004: Denbury sells its properties in the Gulf Coast, divesting Denbury Offshore, Inc.

2010

In 2010, the company acquired Encore Acquisition Company in a $4.6 billion transaction.

2012

In 2012, the company acquired Thompson Field in Fort Bend County, Texas for $360 million.

2013

In 2013, the company acquired fields in the Cedar Creek Anticline from ConocoPhillips for $1.05 billion.

2017

In 2017, Christian S. Kendall was named chief executive officer of the company.

2020

In July 2020, the company filed bankruptcy.

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Denbury Resources history FAQs

Zippia gives an in-depth look into the details of Denbury Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Denbury Resources. The employee data is based on information from people who have self-reported their past or current employments at Denbury Resources. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Denbury Resources. The data presented on this page does not represent the view of Denbury Resources and its employees or that of Zippia.

Denbury Resources may also be known as or be related to DENBURY RESOURCES INC, Denbury, Denbury Inc, Denbury Resources, Denbury Resources Inc, Denbury Resources Inc. and Denbury Resources, Inc.