Acquisitions & Divestitures

Denbury Resources Inc., Dallas, (NYSE: DNR), as the owner of Encore Energy Partners GP LLC, the general partner of MLP Encore Energy Partners LP (NYSE: ENP), reports that it has terminated the previously announced consideration of a sale or other asset transaction between the company and Encore regarding Elk Basin Field.

The process had been initiated in light of the substantial future capital requirements to flood that field as a possible CO2 tertiary project. No agreement could be reached on the value of the potential tertiary reserves. Denbury will now ...