1Q23 Earnings and Operations Update slide image

1Q23 Earnings and Operations Update

U.S. Gulf Coast - A World-class CCUS Opportunity • The Gulf Coast has one of the highest concentrations of stationary CO 2 emissions • Advantaged for greenfield projects - · Access to low-cost natural gas feedstock, waterways and deepwater ports, supportive regulatory policy • Expandable CO2 pipeline infrastructure already in place • - DEN has the only dedicated CO2 pipeline network in the Gulf Coast at >900 miles High-quality geology for secure long-term storage of CO2 - Large reservoirs and high injectivity - Approximately 5 trillion tonnes potential storage capacity in the U.S. Gulf Coast Denbury CO2 pipelines Stationary CO2 emissions Saline aquifer CO2 storage capacity low to high ↑ ~240 Mmtpa emissions within 30 miles of DEN Gulf Coast system Source: 2021 EPA Greenhouse Gas Reporting Program data, National Energy Technology Laboratory: 1NATCARB Medium (P50) saline aquifer CO2 storage capacity, Great Plains Institute, Transport Infrastructure for Carbon Capture and Storage Denbury Inc. 19
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