Denbury Resources Inc.

Denbury Resources Inc. has commenced private offers of its outstanding 6.375% senior notes due 2021, 5.5% senior notes due 2022, and 4.625% senior notes due 2023 to exchange their old notes for up to approximately $182 million of new 9.25% senior notes due 2022 and up to approximately $147 million of new 5% convertible senior notes 2023.