Exxon Buys Carbon Capture Business Denbury for $4.9 Billion
Exxon Mobil Corporation announced it is buying Denbury Inc., a developer of carbon capture, utilization, and storage solutions and enhanced oil recovery, for $4.9 billion in an all-stock transaction. Denbury currently focuses on the Gulf Coast and Rocky Mountain region. Presumably, Exxon plans to expand Denbury's technology to other regions, including the Marcellus/Utica.
To view this content, log into your member account. (Not a member? Join Today!)