OGJ Top 10 Independents-No. 3: Denbury Resources sustains growth through CO2 flood, workovers

Plano, Tex.-based Denbury Resources Inc. attributes much of its sustained earnings growth to a niche carbon dioxide flood enhanced oil recovery project it operates at Little Creek field in southwestern Mississippi. The company owns both the source of the CO2 at Jackson Dome, Miss., and an accompanying 183-mile pipeline. Denbury is the largest producer of oil and natural gas in Mississippi, said Denbury CEO Gareth Roberts.Currently, the independent produces 90 MMcfd of CO2, 35 MMcfd of which it sells to commercial customers and the rest it injects into Little Creek field and into another field in Mississippi."These areas contain 80-100 million bbl of additional reserves from CO2 alone," Ro...

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