Denbury Resources has announced the sale of producing oil and gas assets in the Permian, Mid-Continent, and Gulf Coast to Quantum Resources Management, LLC for US$900 million. The divested assets were initially acquired through Denbury's acquisition of Encore Acquisition Company which closed in March 2010 (please see previous M&A Service deal insight). The assets are approximately 65% natural gas weighted, producing 13,000 boe/d and representing 54 mmboe of proved reserves. Due to ...
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Deal insight | Apr 2010
Denbury Resources to sell oil and gas properties to Quantum Resources Management, LLC for US$900 million
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