Wednesday, May 18, 2011

Denbury Resources 2011 May Corporate Presentation

- Oil and Natural gas production averaged 63,604 BOEpd compared to 53,125 BOEpd during the first quarter of 2010.
This 10,479 BOE/d of additional production is primarily attributable to:
 (1) incremental average production of 14,400 BOE/d from properties acquired and retained in the Encore merger, which is impacted by the fact that 2010 production only reflected a partial period in the first quarter of 2010
(2) increased tertiary production of 3,802 barrels per day ("Bbls/d") between the two quarters, offset by 
(3) a decrease of 6,750 BOE/d due to the sales of non-strategic Encore properties and our interests in Encore Energy Partners LP ("ENP") after the first quarter of 2010

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