Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure
Denbury's Production Remains Flat in 2013, 2014 Capex Budget of 1B
Print
|
Denbury Resources Inc. has announced adjusted net income (a non-GAAP measure)(1)of $100 million for the fourth quarter of 2013, or $0.27 per diluted share.
Fourth quarter of 2013 net income (the GAAP measure) was $90 million, or $0.25 per diluted share, on quarterly revenues of $596 million. Adjusted net income decreased by $37 million from the same measure for the prior year fourth quarter primarily due to a 5% decrease in realized oil prices and increases in both lease operating expenses and depletion, depreciation and amortization, partially offset by a 2% increase in production volumes.
Management CommentPhil Rykhoek, Denbury's President and CEO, said: "Our quarterly production came in slightly ahead of our estimates, in spite of some weather issues and a delay in the completion of…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…