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Denbury Resources Inc
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June 2023 Investor Presentation
| Chris Kendall | Page 3 of 11 |
April 28, 2024
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"June 2023 Investor Presentation"
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Strategic Focus Leading in Carbon Capture, Utilization and Storage, including Enhanced Oil Recovery 20+ years Experience Managing CO 2 Safely transporting, injecting and monitoring large-scale volumes of CO 2 1300+ miles of CO 2 Pipelines Largest owned and operated CO 2 pipeline network in the United States Scope 3 (1) Net Zero by 2030 Through increasing use of captured industrial-sourced CO 2 Financial Strength and Flexibility Disciplined capital allocation, ability to organically fund growth DENBURY – A Unique Carbon Solutions Company Market capitalization: $4.5 Bn YE22 Oil & gas proved reserves: 202 MMBOE 2023E Sales volumes: 46 – 49 MBOE/d 2022 Total CO 2 sourced: 14 million metric tons; ~30% industrial 2022 Scope 1, 2 emissions: Net negative 2.5 million metric tons Rocky Mountain Region AT A GLANCE (1) Scope 3 refers to Scope 3 Category 11 (Use of Sold Products) MT ND WY TX LA MS Gulf Coast Region AL Denbury CO 2 pipelines CO 2 pipelines owned by others Natural CO 2 source Industrial CO 2 source Denbury – EOR oil fields Denbury – non-EOR oil fields Secured CO 2 sequestration sites