-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SRs101O14RGYu6T/q5Ku51efQ4BcsbHzeehfszE3aUhqRLx8Tp8CWs/bRj19WqaY XH3qsZJ+zJAkNuqkSVNWEw== 0000899078-06-000738.txt : 20061215 0000899078-06-000738.hdr.sgml : 20061215 20061215165959 ACCESSION NUMBER: 0000899078-06-000738 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061211 ITEM INFORMATION: Other Events FILED AS OF DATE: 20061215 DATE AS OF CHANGE: 20061215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENBURY RESOURCES INC CENTRAL INDEX KEY: 0000945764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752815171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12935 FILM NUMBER: 061281167 BUSINESS ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9726732000 MAIL ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: NEWSCOPE RESOURCES LTD DATE OF NAME CHANGE: 19950627 8-K 1 form8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): December 11, 2006

 

DENBURY RESOURCES INC.

(Exact name of Registrant as specified in its charter)

 

Delaware

(State or other jurisdiction

of incorporation or organization)

 

 

 

 

1-12935

 

20-0467835

(Commission File Number)

 

 

(I.R.S. Employer

Identification No.)

 

 

 

5100 Tennyson Parkway

Suite 1200, Plano, Texas

 

 

75024

(Address of principal executive offices)

 

(Zip code)

 

Registrant’s telephone number, including area code:

 

(972) 673-2000

 

 

_____________________N/A______________________

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Section 8 – Other Events

 

Item 8.01.

Other Events.

 

This week the Company has entered into natural gas derivative swaps for 2007 designed to mitigate a portion of the price volatility risk associated with its forecasted 2007 natural gas production. Denbury has swapped in a forward sale, on an initial no-cash-cost basis, a total of 75 MMcf/day of natural gas for the calendar year at prices ranging from $7.95 to $7.99 per MMBtu. This represents approximately 90% of the Company’s currently forecasted natural gas production for 2007. The value of these derivative contracts will be marked -to-market at the end of each fiscal quarter as the Company does not use hedge accounting to record its derivative contracts

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Denbury Resources Inc.

(Registrant)

 

 

Date: December 15, 2006

By:

/s/ Phil Rykhoek

 

 

Phil Rykhoek, Senior Vice President &

 

Chief Financial Officer

 

 

 

 

 

 

 

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