1Q23 Earnings and Operations Update
•
Projecting Substantial Growth in CCUS Volumes and EBITDA
•
Initial volumes anticipated in 2025;
50-70 Mmtpa projected 2030 avg.
(~50/50 brownfield/greenfield split)
Cumulative CCUS capital
investments estimated $1.6 - $2 B
from 2023 to 2030;
-
Avg. $200 - 250 MM per year
Highest investment period expected
2024 - 2025
Anticipated 30 - 35% spend on
pipelines, 65-70% on
sequestration sites
Ability to organically fund CCUS
capital expenditures through 2030
with oil @ $60 WTI
CCUS self-funding beginning
2026/2027
Projected Transport & Storage Volumes
CO2 (Mmtpa)
80
60
60
40
20
20
Volume ranges
EBITDA ranges
Estimated Annual EBITDA
(1)
$MM
1000
800
600
400
200
(1) See "Statement Regarding Non-GAAP Financial Measures" on Slide 2
Denbury Inc.
0
2026
2028
2030
0
35View entire presentation