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Denbury Closes Texas Thompson Field Deal

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June 6, 2012

Denbury Resources Inc., Plano, Texas, (NYSE: DNR) plans to acquire Thompson Field in Fort Bend County, Texas, from a private seller for $360 million in cash and a production payment.

Denbury paid $213 million in cash and the remainder from borrowings under its revolving credit facility.

The acquisition includes a nearly 100% working interest (84.7% net revenue interest) in the field, which approximately 18 miles west of Hastings Field that Denbury is currently flooding with carbon dioxide, and the current terminus of the Green pipeline which transports CO2 from Denbury's ...

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