Denbury Acquires Encore

摘要

Denbury Resources has announced plans to acquire Encore Acquisition, thereby creating one of the largest, oil-focused, independent exploration and production firms in North America with over 500 million boe in reserves recoverable through enhanced oil recovery (EOR). Dallas-based Denbury said the cash and stock deal was worth a total of $4.5 billion cash after factoring in the assumption of debt and acquisition of a minority stake in Encore Energy Partners.