DEN - Denbury's Q4 production nicked by December storms

Denbury ( NYSE: DEN ) disclosed in an investor presentation Thursday its Q4 production was cut by 1.1K-1.3K boe/day due to downtime associated with December storms in its Rocky Mountain and Gulf Coast regions; the company said most of the impacted production has been restored.

Occidental Petroleum said this week that December's Winter Storm Elliott knocked 10K boe/day from its Q4 production.

Denbury expects $1.6B-$2B in capex on carbon capture and storage during 2023-30, which may limit the company's overall overall free cash flow generation for a few years until the CCUS business becomes self funding, Elephant Analytics writes in an analysis posted recently on Seeking Alpha .

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