Denbury gets $900M from sale of oil, gas assets

04/6/2010 | Reuters

Denbury struck a deal to auction some of its oil and gas properties to Quantum Resources Management for $900 million. The assets, most of which are in New Mexico and Texas, have an estimated output of about 13,000 barrels of oil equivalent per day with proved reserves of 54 million barrels of oil equivalent as of the end of 2009.

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