DALLAS, December 13 /CNW/ - Denbury Resources Inc. (NYSE: DNR) ("Denbury"
or the "Company") announced today the appointment of Michael B. Decker, of
Dallas, Texas, and Michael L. Beatty of Denver, Colorado, to its Board of
Directors ("Board") and the resignation of current director Donald Wolf, of
Mr. Decker, an investment professional, is a principal with Wingate
Partners, a private equity investment company. Prior to joining Wingate
Partners, Mr. Decker held the post of Chief Operating Officer of the Trammell
Crow Company, where he led the restructuring of the largest real estate firm
in the United States. He previously was President of Huffco Group, Inc., an
energy exploration company. Mr. Decker serves as a board member for S&N
Communications, has served as a consultant for the Boston Consulting Group and
has worked as an Investment Officer for the World Bank. Mr. Decker holds an
MBA from the Harvard Business School, an MA from Oxford University, and an AB
from Princeton University.
For the past ten years, Mr. Beatty, of Denver, Colorado, has been
Chairman and Chief Executive Officer of the law firm of Beatty & Wozniak, P.C.
Over the course of his eight-year tenure at The Coastal Corporation from 1985
to 1993, he held the positions of Executive Vice President, Director and
General Counsel. He also served as Chief of Staff to the governor of Colorado
from 1993 to 1995 and is a Harvard Law School graduate.
Ron Greene, Chairman of the Board, said, "We are very excited about the
contributions that Michael Decker's and Michael Beatty's varied experiences
will bring to Denbury as we continue our success in growing as a focused and
disciplined Company. I want to thank Don Wolf for his valuable service to
Denbury and for providing us with important strategic insights growing out of
his extensive and successful career in the oil and gas exploration and
Denbury Resources Inc. (www.denbury.com) is a growing independent oil and
gas company. The Company is the largest oil and natural gas operator in
Mississippi, owns the largest reserves of CO2 used for tertiary oil recovery
east of the Mississippi River, and holds operating acreage onshore Alabama,
Louisiana, in the Barnett Shale play near Fort Worth, Texas, and properties in
Southeast Texas. The Company's goal is to increase the value of acquired
properties through a combination of exploitation, drilling and proven
engineering extraction practices, with its most significant emphasis relating
to tertiary recovery operations.
For further information:
For further information: Denbury Resources Inc. Gareth Roberts,
972-673-2000 President and CEO or Phil Rykhoek, Sr., 972-673-2000 VP and Chief
Financial Officer www.denbury.com