Denbury to sell non-core assets for USD155 million

Denbury Resources Inc. entered into a definitive agreement to sell non-core assets located in central and southern Mississippi and southern Louisiana to privately held Petro Harvester Oil and Gas. The USD155 million sale is expected to close in late February, subject to customary closing conditions. Daily production for the properties was estimated at 1,400 barrels of oil equivalent per day. Proved reserves for the assets were approximately 6.2 million barrels of oil equivalent as of the end of 2010. Denbury is continuing to market its non-operated interest in Utah’s Greater Aneth oil field.

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