BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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94

Denbury Resources (DNR)

Higher energy prices are making the cash register ring at Denbury Resources. Earnings doubled last year to $166.5 million as revenues climbed 46% to $560.4 million. Big numbers are nothing unusual for oil and gas producers these days, but Denbury stands out for its innovative production techniques. By pumping carbon dioxide into older fields in Mississippi and the Barnett Shale area of Texas, Dallas-based Denbury added reserves equal to 300% of 2005's production. Such tertiary recovery efforts will cost Denbury about $250 million in 2006, but with the price for a barrel of oil at $60 or more, no problem. Investors seem to agree. Denbury's stock, though down from its April peak of $36.60, sells for about $30 a share -- twice what it was worth only a year ago.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

3,739.2

Sales*
($ Millions)

623.6

Sales Growth
(3-yr. avg. annual)

24.3 %

Profits*
($ Millions)

180.2

Profit Growth
(3-yr. avg. annual)

52.7 %

Return on Inv. Capital (3-yr.)

9.8 %

Share Price
12-Mo. Hi/Lo

37/14

Share Price
As of 4/28/06

33

Return on Equity

22.8 %

P/E Ratio

22

No. of Employees

460

Industry Oil & Gas Exploration & Production
CURRENT
MARKET INFO

DNR >

COMPANY WEB SITE >
Location Plano, Tex.
Phone 972 673-2000
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Denbury Resources engages in the acquisition, development, operation, and exploration of oil and natural gas properties in the Gulf Coast region of the U.S., primarily in Louisiana, Mississippi, and Texas. It also owns a carbon dioxide tertiary flood in the western Mississippi, which it uses for injection in its tertiary oil recovery operations. As of Dec. 31, 2005 it had 507 oil producing wells and 355 natural gas producing wells. As of the above date, the company had 106,173 thousand barrels of proved oil reserves and 278,367 million cubic feet of proved natural gas reserves. Denbury Resources was incorporated in 1951 and has its headquarters in Plano, Tex.


Data provided by Capital IQ
 
Gareth Roberts

Gareth Roberts, 53

Chief Executive Officer, President and Director


Total Compensation*

$ 578,520

Total Options Value*

$ 10,017,046

* Fiscal Year 2005

DEGREES HELD
St Edmund Hall, Oxford University - Master's Degree, St Edmund Hall, Oxford University - Honorus Degree


Executive Bio

Gareth Roberts has been president and CEO of Denbury Resources since 1992. Roberts founded Denbury Management, the former operating subsidiary of Denbury Resources, in April, 1990. Roberts has more than 30 years of experience in the exploration and development of oil and natural gas properties with Texaco, Murphy Oil, and Coho Resources. His expertise is in the Gulf Coast, where he specializes in the acquisition and development of old fields with low productivity. Roberts has been a director and chairman of the board of the Genesis Energy, general partner of Genesis Energy LP since May, 2002, and is a member of the compensation committee. Roberts also serves as chairman of the board of Genesis Energy. Roberts holds honors and master's degrees from St. Edmund Hall, Oxford University, where he has been elected to an honorary fellowship.


Management Team

Key Executives

Gareth Roberts; Ray Dubuisson; James H. Sinclair; Ronald T. Evans; Ron Gramling; Mark A. Worthey; Mark C. Allen; Phil Rykhoek

Board Directors

Randy Stein; Greg L. McMichael; Ronald G. Greene; Gareth Roberts; Wieland F. Wettstein; Donald D. Wolf; David I. Heather


Executive Data provided by Capital IQ