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home / news releases / DEN - Denbury Increases CCUS Capex To Approximately $150 Million In 2023

DEN - Denbury Increases CCUS Capex To Approximately $150 Million In 2023

Denbury Inc.

Summary

  • Denbury is increasing its CCUS business capex to around $150 million in 2023.
  • It may only generate $46 million in positive cash flow in 2023 at current strip due to its CCUS investments.
  • With $70s oil, Denbury can operate at modestly positive cash flow over the next few years while continuing to increase its CCUS investments.
  • These investments are expected to pay off later in the decade, with the business potentially becoming self-funding in 2026 to 2027.

For further details see:

Denbury Increases CCUS Capex To Approximately $150 Million In 2023
Stock Information
Company Name: Denbury Inc.
Stock Symbol: DEN
Market: NYSE
Website: denbury.com
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