1Q23 Earnings and Operations Update
Strategic Gulf Coast Dedicated CO2 Storage Acquisition
Dorado Sequestration Site in SE Texas
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- 30,000-acre site in Matagorda County acquired in 2Q23
Potential CO2 storage capacity of >115 million metric tons
Approx. 60 miles from DEN CO2 pipeline infrastructure
Plans to submit Class VI permits by end of 2023
Extensive Emissions in Houston Area; Potential to
Expand Towards Corpus Christi
Denbury CO2 pipelines
Potential future Denbury CO2 pipeline
New secured sequestration site
Denbury EOR oil fields
Stationary CO2 emissions
TX
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Houston
Green Pipeline
65 Mmtpa located 10 - 15 miles from Green Pipeline
(power generation, petrochemical, refineries)
Previously announced transportation agreement with
HIF Global for a planned eFuels project in SE Texas
with up to 2 Mmtpa of CO2
Dorado
Flexibility to move CO2
multiple directions out
of Houston area with
high concentration of
emissions
Denbury Inc.
Source: 2021 EPA Greenhouse Gas Reporting Program data
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