1Q23 Earnings and Operations Update
Soso Field (MS) – Revitalizing Mature Assets
⚫ 2022 Highlights - Phase 1
- Net production up 135% in 2022
-
Recompleted 9 vertical oil producers and 4
CO2 injectors into the Rodessa interval to
develop a new horizon for CO2 flooding by
utilizing existing CO2 infrastructure
Net capital spend for Phase 1 ~$13 MM
• Future Development
- Phase 2 expansion started early 2023 with an
additional 6 wells to be recompleted in the
Rodessa formation
- Additional potential future phases
Soso
Denbury CO2 pipelines
Natural CO2 source
Denbury - EOR oil field
MS
Soso Field Avg. Net Production
BOE/d
1,051
1,038
827
Denbury Inc.
497
446
1Q22
2Q22
3Q22
4Q22
1Q23
Rodessa
formation:
New target
flood interval
Bailey
formation:
previous
flooded
interval
9
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