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Denbury Stays Focus on Debt Reduction; Q2 Results
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Denbury Resources Inc. reported its second quarter 2016 results.
Key Points: Denbury’s total production for the second quarter of 2016 averaged 64,506 BOE per day, including 39,212 barrels per day from tertiary properties and 25,294 BOE/d from non-tertiary properties. Capital budget unchanged from the previously estimated amount of approximately $200 million As a result of its pending Williston sale, Denbury now expects full-year 2016 production to range between 64,000 BOE/d and 66,000 BOE/d, as compared to the Company’s previous guidance of between 64,000 BOE/d and 68,000 BOE/d 2016 Capital Budget & Production EstimateThe Company’s 2016 capital budget, excluding acquisitions and capitalized interest, remains unchanged from the previously estimated amount of approximately $200…
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