Denbury oil output climbs with Bell Creek start-up

08/26/2013
Denbury Resources Inc., Plano, Tex., reported record oil production in the quarter ended June 30 and said it foresees lower output in the third quarter before total and tertiary production resume their sequential growth in the fourth quarter. Production averaged 74,052 b/d of oil equivalent in the quarter, 94% oil, and oil production averaged 69,895 b/d, 17% above the first quarter and 4% higher than the year-ago quarter. During the quarter Denbury added 350 bcf of estimated proved carbon dioxide reserves in Jackson Dome field in Mississippi, representing 6% of the field's estimated yearend 2012 proved CO2 reserves or about 1 year of output at the field's current rate. Denbury started ter...
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