1Q23 Earnings and Operations Update
Advancing Premium Gulf Coast CO2 Sequestration Portfolio
Denbury CO2 pipelines
Secured sequestration site
Stationary CO2 emissions
LA
TX
Source: 2021 EPA Greenhouse Gas Reporting Program data
no
MS
ALⓇ
Submitted Initial Class VI Permits on Orion
(3 permits - Nov. 2022) and Leo (6 permits -
Apr. 2023)
-
Plan to submit additional Class VI permits on at
least two additional sites in 2023
Drilled First Stratigraphic Test Well in Orion
site
-
Additional 2-3 stratigraphic test wells planned
across portfolio for 2023 (MS, LA, TX)
Plans to acquire additional sites in strategic
locations near high emission areas
Note: DEN elected in June 2023
not to proceed with the Gulf Coast
Midstream potential CO2 storage
location in SE Texas.
Denbury Inc.
(1) (2)
Aries, Gemini
(3)
Pegasus
(4)
Orion
(5)
Draco
(6)
Leo
(7)
Dorado
Potential storage
capacity
300
500
300
250
275
115
(million metric tons)
Distance to DEN
5,10
95
90
25
0
60
pipeline (miles)
Acreage
29,000
84,000
75,000
31,000
16,000
30,000
32View entire presentation