In This Section
Investing
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.
LAST 2 YEARS OF LOCAL INVESTMENTS
For the fiscal year 2020 and 2021 combined, Denbury made the following capital investments¹ in Louisiana, Mississippi, Montana, North Dakota, Texas, and Wyoming.
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 |
