1Q23 Earnings and Operations Update

Future Potential - Optimized Network to Maximize CO2 Flows Multi-directional flow DEN capable to move >150 Mmtpa w/ strategically located emissions / sequestration sites Denbury CO2 pipelines Potential future Denbury CO2 pipeline Natural CO2 source Potential future CO2 source Denbury - EOR production Potential future Denbury sequestration site Stationary CO2 emissions Denbury Inc. TX LA Donaldsonville Houston MS AL Source: 2021 EPA Greenhouse Gas Reporting Program data 27

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