For 2016, the company reduced its lease operating expenses by 19%.
Also in 2016, Denbury reduced its debt principal balance by $530 million.
For 2018, the company forecasts an additional $50 million in cost savings.
Denbury recently acquired an interest in the Salt Creek Field in Wyoming, a move that is already adding nearly 2,000 BOE/day (barrel oil equivalent).
Holy Cow! We are going up, up, and up!