EXHIBIT 21

LIST OF SUBSIDIARIES

	JURISDICTION OF
NAME OF SUBSIDIARY	ORGANIZATION
Denbury Gathering & Marketing, Inc.	Delaware
Denbury Operating Company	Delaware
Denbury Onshore, L.L.C.	Delaware
Denbury Marine, L.L.C.	Louisiana
Tuscaloosa Royalty Fund L.L.C.	Delaware
Denbury New Frontiers, L.L.C.	Delaware
Denbury Green Pipeline — Texas, LLC	Delaware