Denbury Board Approves Increase In Share Repurchase Program - Quick Facts

(RTTNews) - Denbury Resources Inc. (DNR) announced that its Board has approved an increase of $250 million to the company's authorized share repurchase program, leaving $422 million of authorized repurchases remaining as of December 31, 2013.

Denbury announced the successful startup of the Riley Ridge gas processing plant prior to year-end 2013. The startup occurred slightly ahead of the company's most recently estimated start date in the first quarter of 2014. As the plant was placed in service in 2013, Denbury expects to record certain associated tax benefits in the fourth quarter of 2013.

Denbury also announced it has converted all of its 2014 oil derivative contracts to fixed price swaps from collars.