Exhibit 99.1

                             DENBURY RESOURCES INC.
                             P R E S S R E L E A S E

                     Donald D. Wolf Joins Board of Directors
                     TPG Directors Price and Wheeler Resign


     DALLAS  -  June  3,  2004 -  Denbury  Resources  Inc.  (NYSE  symbol:  DNR)
("Denbury" or the "Company")  today  announced the  appointment of Mr. Donald D.
Wolf of Denver, Colorado, to its Board of Directors to fill one of the vacancies
created by the May 31, 2004  resignations  of Mr. William S. Price,  III and Ms.
Carrie A. Wheeler, both principals of the Texas Pacific Group.

     Mr. Wolf is the Chairman and Chief Executive Officer of Westport  Resources
Corporation ("Westport") of Denver, Colorado. Under his leadership, Westport, an
independent oil and gas exploration and production  company,  grew in enterprise
value from $100  million in 1996 to $3.4 billion  when  Kerr-McGee  and Westport
announced  their  intention to merge in April 2004.  From 1994 to 1996, Mr. Wolf
was President and Chief Operating  Officer of UMC Corporation,  and from 1981 to
1993,  he was CEO and  President of General  Atlantic  Resources.  Mr. Wolf also
serves on the boards of MarkWest Hydrocarbons, Inc. and Aspect Resources LLC.

     Ron Greene,  Chairman of the Board, stated, "We wish to publicly thank Bill
Price, Carrie Wheeler and the other members of the Texas Pacific Group for their
contribution  to the  Company  during the last eight  years.  The Texas  Pacific
Group, led by Mr. Bonderman and Mr. Price, has been instrumental in our success.
Their broad business experience and acumen have brought significant guidance and
direction to Denbury's  board at a crucial  time in the  Company's  evolution to
becoming a significant player in the independent sector.

         I look forward to the contribution that Don Wolf's long history of
hands-on experience in the industry will bring to the stewardship of Denbury as
the company moves into its next stage of growth as a focused and disciplined
growth Company."

     Denbury Resources Inc.  (www.denbury.com)  is a growing independent oil and
gas  company.  The  Company is the  largest  oil and  natural  gas  operator  in
Mississippi,  owns the largest  reserves of CO2 used for  tertiary  oil recovery
east of the Mississippi  River,  and holds key operating  acreage in the onshore
Louisiana and offshore Gulf of Mexico areas. The Company  increases the value of
acquired  properties  in its core areas through a  combination  of  exploitation
drilling and proven engineering extraction practices.

                        For further information contact:

Gareth Roberts, President and CEO, 972-673-2000
Phil Rykhoek, Sr. VP and Chief Financial Officer, 972-673-2000
www.denbury.com