1Q23 Earnings and Operations Update
DEN Competitive Advantage - CO2 Storage
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20+ years of CO2 injection and monitoring through EOR
underpins technical leadership
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Multiple large-scale EOR developments and CO2 pipeline projects
Extensive subsurface modeling and monitoring skillsets used in EOR is
highly adaptable to CCUS
Currently operate >750 CO2 injection wells
7 sequestration sites with ~1.75 B metric tons in U.S. Gulf
Coast CO2 storage potential
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Strategically positioned to expand network capacity
Recently-added sequestration site in Wyoming under Greencore Pipeline
• Submitted Class VI permits on 2 Sites (AL, MS) and anticipate
multiple additional submittals in early 2023
Ongoing engagement with EPA
Drilled initial stratigraphic test well (AL); anticipate drilling 2-4 more in
2023 (LA, MS, TX)
Denbury Inc.
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