Operational Updates
Denbury Resources Announces Third Quarter Bakken Results
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Production
During the third quarter of 2011, the Company's oil and natural gas production averaged 66,830 barrels of oil equivalent per day ("BOE/d"), a 6% increase compared to continuing production of 63,194 BOE/d during the third quarter of 2010, which excludes 14,536 BOE/d of production from non-strategic Encore properties and Encore Energy Partners LP ("ENP") properties, all of which were sold during the fourth quarter of 2010. This 6% increase is attributable to higher production from the Company's Bakken and tertiary properties, partially offset by natural declines in production from other non-tertiary properties.
The Company's Bakken area production for the third quarter of 2011 averaged 9,976 BOE/d, a 31% increase over second quarter 2011 Bakken production levels and a 114%…
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