EXHIBIT 15





Denbury Resources Inc.:

We have made a review, in accordance with standards  established by the American
Institute  of  Certified  Public   Accountants,   of  the  unaudited   condensed
consolidated  interim  financial  information  of Denbury  Resources  Inc.  (the
"Company"),  for the periods  ended March 31, 2001 and 2000, as indicated in our
report dated May 2, 2001;  because we did not perform an audit,  we expressed no
opinion on that information.

We are aware  that our  report  referred  to  above,  which is  included  in the
Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2001, is
incorporated  by reference in Registration  Statements No.  333-57382 of Denbury
Resources Inc. on Form S-3 and Registration Nos. 333-1006, 333-27995,  333-55999
and 333-70485 of Denbury Resources Inc. on Form S-8.

We also are aware that the aforementioned report,  pursuant to Rule 436(c) under
the  Securities  Act of  1933,  is not  considered  a part  of the  Registration
Statement  prepared  or  certified  by an  accountant  or a report  prepared  or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.


/s/ Deloitte & Touche LLP

DELOITTE & TOUCHE LLP

Dallas, Texas
May 14, 2001