NYSE:DNR $ 4.16 +0.21 +5.32% Volume: 15,662,711 August 28, 2015

Quarterly Dividend

$0.0625/Share
6/30/2015
5/21/2015
5/26/2015
faqs

Frequently Asked Questions

Relating to Interest Ownership

Does Denbury offer Direct Deposit?

Denbury now offers both online account access and a direct deposit payment option. Both services are being provided for your convenience at no extra cost to you. The online system will allow you to register for direct deposit, view and print your monthly payment detail, as well as sign up to have your check detail automatically emailed to you after your payments are processed. If you have not received a letter containing your login and password information, please contact Owner Relations at 1.800.348.9030.

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How do I sell my interest?

All changes of ownership must be filed of record in the County/Parish/State where the property is located. We cannot provide forms for conveying real property interests.  Please contact an attorney for assistance in document selection and preparation.

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How do I change my mailing address?

Address changes must be submitted in writing.  Please fax or email us the following information, your Name, Owner Number, Old Address, New Address, the last four digits of the SSN and your Signature.  Please note we MUST have your signature. You may also fill out our Change of Address form.

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When will I get my check?

Royalty Checks are mailed on the 26th of the month. If the 26th of the month falls on a weekend or a holiday, payment will be mailed the following business day.
*PLEASE ALLOW 15 BUSINESS DAYS FOR DELIVERY OF YOUR CHECK*

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How do I transfer my interest?

Interest is transferred with the appropriate Conveyance for your interest type. Denbury requires transfer documents to be recorded in the county/parish/state in which the property is located.  Please contact an attorney for assistance in document selection and preparation.

Please mail a copy of the recorded document to PO Box 251289, Plano, TX 75025-1289, Attn: Owner Relations.   

 Note: Originals will not be returned. 

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What happens if the interest owner dies?

Transfers due to death vary by state. Please contact us directly and we will be happy to assist you.

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Change in Marital Status

Owners must notify Denbury of any marital status change in writing and provide a copy of their marriage license, divorce decree or any legal document showing that the name has been legally changed. 

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Royalty Payment Schedule

Royalty Checks are mailed on the 26th of the month.  If the 26th of the month falls on a weekend or a holiday,  payment will be mailed the following business day.
*PLEASE ALLOW 15 BUSINESS DAYS FOR DELIVERY OF YOUR CHECK*

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Minimum Payment Policy

Effective April 1, 2015: Payments will be made monthly to all owners with a cumulative balance of $50 or more. Balances less than $50 will be released once a year (typically in March), unless the state statutes require a semiannual distribution.

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Why does my monthly payment vary?

Check amounts may vary from month to month depending on production volumes, price of product, marketing arrangements, changes in tax laws, or any adjustments that may occur.

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Why does my payment differ from others in my family?

Many factors can impact your payment:  non-resident tax laws or rounding of decimal.   For more information, please contact Denbury Owner Relations 1.800.348.9030.

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What is a Division Order?

A Division Order is the document that lets you know production has started and Denbury is preparing to make distribution of revenue derived from the sale of oil, gas and other hydrocarbons.  Denbury uses a Division Order to verify that your name and address is correct as shown for mailing payments.  We also use this document to verify your decimal is accurate to ensure revenue distribution is correct.

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What happens if the interest owner dies?

Transfers due to death vary by state. Please contact us directly and we will be happy to assist you.

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Lost or Stolen Check

If your check is not received within 15 business days of the normal payment date, please contact Denbury Owner Relations to reissue the check.  Funds are normally reissued with your next check. Please understand that if you ask for a replacement check the original check will be immediately voided. This means that if the original check arrives on the next day you should NOT CASH it as this check will not be honored by Denbury.

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Check Detail Explanation

Please see the check detail example for more information on understanding your check.

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What is a W-9 form and where can I find one?

AW-9 form is a request for taxpayer identification number and certification.  It must include your name, address, federal tax classification, tax identification number, signature and date.  Please click here to view and print the form. Please note this document must have your signature to be valid.  Once completed please either mail by post, email a scanned copy or fax it to us.  

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What does "Royalty Interest" mean?

Royalty Interest (RI) owners own the minerals and have signed an oil and gas lease which entitles the owner to a percentage of revenue from the sale of oil and gas produced from the acreage described in the oil and gas lease.  This percentage of revenue is referred to as the “royalty interest”.  This interest is not subject to any of the costs related to the development, drilling, operations or maintenance of the well.

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What does "Working Interest" mean?

A Working Interest (WI) is a percentage of ownership in an oil and gas lease and grants its owner the right to explore drill and produce oil and gas from a tract of property. Working Interest owners are obligated to pay their proportionate percentage of the cost of leasing, drilling, producing and operating a well or unit.

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What does "Mineral Interest" mean?

A Mineral Interest (MI) is also known as an unleased mineral interest and is a cost-bearing interest because the unleased mineral interest owners are not sharing a portion of their production in exchange for the Operators covering all of the production costs associated with extracting the resources from the ground.  The unleased mineral interest owners are entitled to 100% of their production minus their proportionate share of the cost of drilling, completing and equipping the well in addition to operating costs after the well is completed.

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What is a "Net Profit" Interest?

A Net Profits Interest (NPI) or Net Proceeds Interest (NP) is similar to an overriding royalty.  However, rather than being paid a percentage of the working interest owner’s share of production, the net proceeds interest owner receives a stated share of the working interest owner’s share of the net profits from the property.  Thus, a net proceeds interest is a fractional ownership in the revenue derived from the sale of oil and gas, net of expenses.

 *Although our check detail is coded as a royalty interest (RI), you can determine that it is actually an NPI by looking at the title of the property in which the person owns an interest.  NP or NPI is noted in the title of the property.

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What is an Overriding Royalty Interest?

An Overriding Royalty Interest (OR) is an interest which is not connected to an ownership of minerals under the ground.  It is the right to receive revenue from the production of oil and gas from a well. The overriding royalty is carved out of the Lessee’s (operator’s) working interest and entitles its owner to a fraction of production.  It is limited in duration to the terms of a specific existing oil and gas lease, but is not subject to any of the expenses of development, operation or maintenance.  An overriding royalty interest expires once the lease has expired and production has stopped, whereas minerals and royalty owners maintain their ownership after production stops.

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Can I receive a copy of an endorsement (signature) on my check?

Yes, upon your request we will obtain a copy and send it to you either by fax or mail.

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How do I add my spouse to my account?

Provide a copy of the conveyance document properly recorded in the country/parish where your mineral interest is located.

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What documentation is required to transfer my interest into a trust?

Provide a copy of the trust agreement or memorandum of trust in addition to a conveyance document from the current owner of record in to the trust. These documents must be recorded in the county/parish and state where the minerals reside and mailed to:

Denbury Resources Inc.
Attn: Owner Relations
PO Box 251289
Plano TX 75025-1289
Note: Originals will not be returned

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What if there is a change in the trustee?

Provide a copy of the applicable portion of the trust document that identifies the successor trustee, the duties and power of the trustee, and the circumstances leading to the replacement of the trustee. inform us if there is a change of address. mail these documents to:

Denbury Resources. Inc.
Attn: Owner Relations
PO box 251289
Plano TX 75025-1289
Note: Originals will not be returned

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What are the deductions in the column other deductions?

This column includes but is not limited to costs associated with gathering, transporting, dehydrating, and processing oil and gas.

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Why are there negative amounts on my check detail? Do I subtract that amount?

Occasionally adjustments must be made on revenue previously paid to you. When this occurs, the original payment is reversed and the new amount is paid. These negative amounts must be subtracted when calculating your total. These adjustments become necessary for various reasons such as: we were originally provided incorrect production figures (volumes) or pricing from the transporter or gatherer of production and a correction is required; production may be allocated incorrectly and must be corrected; or a tax rate may have changed. We make every effort to properly account for the volume and price in accordance with your lease agreement and state statutes. When a correction is necessary, it could result in a negative or positive affect on your check.

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Why have I not received any money on a new well that is producing?

Payment is made as soon as complete title information is received but no later than the terms of the lease or state statutes allow.

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What is the value of the interest?

Denbury Resources Inc. cannot provide an appraisal as the value is a matter of opinion. You may contact a royalty broker or local banker in the county/parish where your lease is located.

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Where can I find out about unclaimed (escheated) funds?

All states have laws that require the reporting of unclaimed funds belonging to owners who cannot be located. Please contact the applicable state(s) to reclaim funds that have been escheated and belong to you. A website you may find helpful is www.naupa.org National Association of Unclaimed Property Administration.

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When will I receive my 1099?

1099 forms are required by law to be mailed out by January 31st. if you have not received your form 1099 within two weeks after that date you may contact owner relations to receive a duplicate.

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Why doesn't my 1099 tie to the checks I received?

The amount required by the IRS to be reported on the 1099 misc. form is the gross amount of your checks (before taxes or other deductions). Your 1099 gross amount should agree with the ytd (year to date) totals on your last check for the year.

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Why did I receive multiple 1099s?

If you have more than one owner number, you will receive a form 1099 for each owner number.

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How do I report certain income/expenses on my tax return?

Denbury Resources Inc. cannot provide tax advice. Please contact your tax advisor regarding questions concerning your tax return.

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Why didn't I receive a 1099?

Please ensure we have your current address and social security number. Forms to correct either of these are available on this website. 1099s are issued to royalty owners who have received a gross amount of $10.00 or greater during the tax year, and to working interest owners who received $600.00 or greater during the tax year. Entities identified as corporations are generally not issued a 1099.

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How can I have discrepancies on my 1099 corrected?

Changes will be made upon our receipt of the required documentation in owner relations. The deadline for submitting changes is March 15th of the current year. Please notify us as soon as possible after receiving your 1099 to ensure your information is corrected prior to submitting the information to the IRS.

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How do I obtain a copy of my 1099?

A duplicate can be provided should you misplace your form. Please contact owner relations at 1-800-348-9030 or ownerrelations@denbury.com to verify the address. Please be prepared to provide your owner number(s).

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Frequently Asked Questions

Relating to Direct Deposit

How do I cancel my Direct Deposit?

Login to your account online and select Cancel Direct Deposit. It may take up to 30 days to process cancellations.  After your cancellation is processed, you will begin receiving paper checks via USPS Mail.

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What if I do not enroll in direct deposit?

You will continue to receive a paper check via USPS Mail.

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Can I login to my account and view my check detail if I do not enroll in direct deposit?

Yes, you may login to your account online at any time and select “Check Detail” to view your statement(s).

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What if I do not have a check from my bank to send in with my direct deposit form?

You may request a letter from your bank.  Must be on bank letterhead listing the account name, account number and routing number.

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How long do I have to submit my forms after registering online for direct deposit?

Required forms must be received within 30 days after online registration.

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Where do I get a login name and password to enroll for direct deposit?

An enrollment letter containing your login name and password will be sent to the address on file.

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How long will it take to set up my direct deposit once I enroll online and submit the required forms?

The enrollment process may take up to 90 days.

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How do I change my existing direct deposit enrollment to a different bank and/or bank account?

Log in to your account online and select “Direct Deposit Request Form.” Complete form, print and return to Denbury with a copy of a voided check.

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How can I tell which bank account I currently have set up for direct deposit?

Log in to your account online and select “Owner Profile”. Your current bank information will be displayed under Current Interests near the bottom of the page.

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How do I select the option to have my check detail automatically emailed to me?

Log in to your account online and select ‘Owner Profile”.  Under Auto Send Options Tab select “Check Detail Data”. Select your preferred option.

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How do I change my password?

Log in to your account online and select “Owner Profile” then select “Change Password”.

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How do I update the email address linked to my account?

Log in to your account online and select “Owner Profile” then select “Update Email”.

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Can I have my payment split between two or more bank accounts?

No, not at this time.

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If my interest is held jointly, do all parties have to sign the direct deposit registration form?

Yes, if ownership is held jointly all parties are required to sign.

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Where do I find my 9 digit routing number (ABA) and bank account number?

The routing number and bank account number is found on the bottom line of the check.

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Can I change my mailing address online?

No, Address changes must be submitted in writing. Address Change forms may be found at www.denbury.com/owner-relations/forms.

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Can I access my 1099 online?

Not at this time, a 1099 will be mailed to the address on file via USPS mail.

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Who should I contact if I have questions regarding the website or for online assistance?

Contact PDS Energy Services at (800) 318-7850 or email: ddrf@denbury.com  

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Who should I contact if I have questions regarding my Check Detail?

Contact Denbury Owner Relations at 800-348-9030 or by email at ownerrelations@denbury.com

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4.16 +0.21 +5.32% Volume: 15,662,711 08/28/15
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