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Denbury’s strong desire and commitment to invest in our communities has many positive economic, environmental and social impacts. Our activities reinvigorate labor markets, businesses and the local environment. Our projects are generational, and our long-term investments will generate millions of dollars in tax revenue and other economic activity for our states and communities.

Denbury is unique among domestic oil and gas companies, through our historical focus on developing significant stranded reserves of oil from depleted reservoirs through CO₂ EOR. During the CO₂ EOR process, we reinvest in our areas of operation by revitalizing legacy fields, making future growth and long-term community development possible.

Direct and indirect impacts include new job creation and growth in labor income and gross regional product, resulting in added value to the area through state and local tax revenue, royalty income and product sales. Our projects generally span between 10-20 years of significant investment.

Our operations have a positive economic impact on many groups inside and outside our local communities. Denbury’s royalty interest owners share in the benefits of our projects and their interests are closely aligned with ours. Local employees also benefit by receiving competitive salaries and benefits, which in turn support their families and allows them to invest in their communities. Millions of dollars in tax revenue are generated annually by our activities in our states and communities.


For the fiscal year 2020 and 2021 combined, Denbury made the following capital investments¹ in Louisiana, Mississippi, Montana, North Dakota, Texas, and Wyoming.

Includes all development and maintenance capital and excludes capitalized interest, end-of-life P&A, capitalized exploration (not recorded by state), acquisitions and sales.

For the fiscal year ending December 31, 2021, it is estimated that our oilfield activities had the following direct economic impact in Louisiana, Mississippi, Montana, North Dakota, Texas, and Wyoming.²

State Annual Taxes³ Annual Royalty Payments Annual Payroll & Benefits Oilfield Employees
Louisiana ~$3.4M ~$42.8M ~$3.9M 29
Mississippi ~$16.2M ~$86.8M ~$20.7M 159
Montana ~$30.6M ~$33.2M ~$12.6M 95
North Dakota ~$7.3M ~$19.7M ~$1.3M 10
Texas ~$17.7M ~$90.6M ~$9.8M 69
Wyoming ~$7.2M ~$7.5M ~$5.1M 40
Total ~$82.4M ~$280.6M ~$53.4M 402
The information above relates to all oilfield employees employed by Denbury during 2021. It does not include data for employees located in Denbury’s corporate headquarters.
Annual Taxes include maintenance, severance, locomotive, conservation, ad valorem production, restoration fee, and ad valorem property taxes.
For more information about how we invest in  our communities,  see our 2022 Corporate Responsibility Report.

For more information about how we invest in our communities, see our 2022 Corporate Responsibility Report.

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