1Q23 Earnings and Operations Update
Oil & Gas Operations - Gulf Coast Region
1Q23 Highlights
Oyster Bayou - strong production response from Frio A2 phase 2 development
Soso completed Phase 2 Rodessa development, expected response 3Q23
Webster - drilled and commenced production on 4 horizontal wells
Asset retirement - proactively plugged & abandoned 34 wells in 1Q23
TX
LA
• Conroe
1Q23
Statistics
Sales volume (BOE/d)
26,524
Webster
-
CO2 utilized (million metric tons)
- % industrial
2.0
14%
Hastings
Capital expenditures ($MM)
23
YE22 proved reserves (MMBOE)
113
(1) Excludes capitalized internal costs and inventory.
Denbury Inc.
Oyster Bayou
Tinsley
Jackson Dome
Delhi
Heidelberg
Soso
MS
AL
NEJD Pipeline
Green Pipeline
Denbury CO2 pipelines
Natural CO2 source
Industrial CO2 source
Denbury EOR oil fields
Denbury non-EOR oil fields
-
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