Fri Oct 19 11:10:00 CDT 2007
-- Denbury selling Louisiana gas assets
Denbury Resources Inc. agreed to sell its Louisiana natural gas assets for $180 million to a privately owned company, which it did not identify. The sale includes Denbuy's interest in a producing South Chauvin well. If operating income from that well exceeds certain levels, then the company says the divestiture's final sales price could increase by as much as 10%.