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3Q 2015 Earnings Review – Denbury Resources Inc.

Denbury Resources Inc. · Nov 5, 2015 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 1
    Click toto Click edit Master edit titletitle style style 3rd Quarter 2015 Earnings Presentation November 5, 2015 NYSE: DNR Denbury.com NYSE: DNR
  2. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 2
    Click toto Click Agenda edit Master edit titletitle style style Introduction Introduction Ross Campbell, Manager of Investor Relations Overall review and outlook Overview Phil Rykhoek, President and Chief Executive…
  3. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 3
    Click toto Click edit Master edit titletitle style style Overview Phil Rykhoek NYSE: DNR Denbury.com NYSE: DNR
  4. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 4
    Click Reductions Cost Click toto edit Master edit title style Year-Over-Year title style Introduction Lease Operating Expenses(1) General & Administrative Expenses /BOE /BOE Overview 24.32 19.43 5.94 20% 5.01…
  5. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 5
    Click toto Click Full-Yearedit Master edit Capital title title Budget style style Reduction Introduction Development capital spending Other capitalized items(1) Amounts in millions 550 Overview 520 85 475 105…
  6. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 6
    Click toto Click edit Generating Master edit title title Excess style style Cash Flow MM Introduction 800 YTD as of 9/30/2015 215 million of excess cash flows used to reduce total 600 debt through 3Q 2015…
  7. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 7
    Click toto Click edit Master edit titletitle style style Financial Overview Mark Allen NYSE: DNR Denbury.com NYSE: DNR
  8. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 8
    Click toto edit Reconciliation Click Master edit title oftitle Adjusted style style Net Income(1) Introduction Reconciliation of Adjusted Net Income(1) 3Q 2015 2Q 2015 (In millions, except per share data) Net loss (GAAP…
  9. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 9
    Click Click 3 toto edit rd Quarter Master edit titletitle Selected style Highlights style Financial Introduction Selected Financial Highlights 3Q 2015 2Q 2015 (In millions, except per unit data) Adjusted cash flows from…
  10. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 10
    Click toto NYMEX Click edit Oil Master titletitle Differential edit style Summary style Introduction Crude Oil Differentials 3Q 2015 2Q 2015 (Per barrel) Tertiary Oil Fields Overview Gulf Coast Region 0.98 2.04…
  11. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 11
    Click toto Selected Click edit Master Expense edit title Line title style Items style Introduction Expenses 3Q 2015 3Q 2015 2Q 2015 2Q 2015 (In millions, unless otherwise noted) () (/BOE) () (/BOE) Normalized lease…
  12. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 12
    Click toto Click Commodityedit Master edit Hedge title title style style Summary as of September 30, 2015 Introduction 2015 2016 3Q 4Q 1Q 2Q 3Q Crude Oil (WTI NYMEX Equivalent)(1)(2) Total Oil Volumes Hedged (Bbls/d)…
  13. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 13
    Click Click toto Liquidityedit and Master editDebt title style Maturity title style Schedule Introduction Ample Revolver Liquidity No Significant Near-Term Maturities(1) Borrowing Base: 2.6 Billion Potential Credit…
  14. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 14
    Click toto Click edit Master edit titletitle style style Operational Overview Chris Kendall NYSE: DNR Denbury.com NYSE: DNR
  15. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 15
    Click Production Click Total toto edit Master edit by title title style style Field Introduction Average Daily Production (BOE/d) Field 3Q 2015 2Q 2015 3Q 2014 2015 YTD 2014 YTD Brookhaven 1,712 1,691 1,767 1,672 1,820…
  16. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 16
    Click toto Click Hastings edit Master edit IIT titletitle Review style style Introduction 10,000 300,000 9,000 Hastings - Fault Block A 270,000 Hastings - Fault Block A Cash Flows Daily Oil Production & CO2 Purchase…
  17. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 17
    Click toto Analysis Click edit Master ofedit Lease title styleExpenses Operating title style Introduction Correlation 3Q15 2Q15 3Q14 w/Oil /BOE /BOE /BOE CO2 Costs Direct 2.17 2.71 3.72 Power & Fuel Partially 5.77 5.28…
  18. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 18
    Click CO toto edit Master 2 Efficiencies Click edit title style Savings = Significant title style Introduction Total Company Injected CO2 Volumes MMcf/d CO2 Costs(1) /BOE on Total Operating Costs (0.09) 0.62 3.03 10% of…
  19. 3Q 2015 Earnings Review – Denbury Resources Inc. – slide 19
    Click toto Efficient Click edit Use Master titletitle of Gulf edit Coaststyle style CO2 Supply 1,200 Introduction INDUSTRIAL SOURCE CO2 Forecasted Gulf Coast CO2 Demand SUPPLY - Future Construction 1,000 CO2 Volumes,…

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