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DNR > SEC Filings for DNR > Form 8-K on 20-Jun-2013All Recent SEC Filings

Show all filings for DENBURY RESOURCES INC



Regulation FD Disclosure

Item 7.01 - Regulation FD Disclosure

On June 13, 2013, a release of well fluids was discovered and reported within the Denbury Onshore-operated Delhi oil field, located in north Louisiana. As this release was located near a natural gas pipeline right of way, precautionary steps were taken to secure the scene. Testing confirmed the release to be carbon dioxide gas, saltwater, natural gas, and small amounts of oil.

With the gas identified as primarily carbon dioxide, a gas used by Denbury Onshore for oil well production, the company immediately took remedial action to stop the release and contain and recover all liquids in the affected area. Additionally, the company is actively working with government and local officials and agencies to determine the best course of remediation and to ensure the absolute safety and welfare of the community, its residents and the environment.

While still under investigation, Denbury Onshore suspects the cause may be one or more oil wells in the area that had been previously plugged and abandoned. Denbury Onshore is taking actions to confirm the cause and remediate the issue.

To date, the impact on oil production from the affected area of the field, which has recently been averaging about 1,500 barrels per day net to Denbury Onshore's interest, has been minimal. Continuing to produce from the active wells in this area of the field serves to reduce operating pressure. Additionally, Denbury Onshore has halted the injection of carbon dioxide into the affected area of the field. The potential future impact on the affected area's oil production is unknown at this time.

It is important to note that there are no injuries associated with the release, the area is secure and poses no threat to the public, and all liquids are being contained and recovered.

The information contained in this Item 7.01 is being furnished and shall not be deemed "filed" for any purpose, and shall not be deemed incorporated by reference in any document whether or not filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in any such document.

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