Denbury Resources, an independent oil and natural gas company, signed an agreement to sell 60% of its Barnett shale assets to privately-held Talon Oil & Gas LLC for $270 million. The deal is expected to close by the end of June with proceeds being used to repay Denbury's outstanding bank debt. The sale represents roughly 18% of Denbury's proved reserves with the interest in the assets representing approximately 45.7 million cubic feet equivalent, with 77% being natural gas.
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