Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2011

Table Text Block Supplement [Abstract]

Riley Ridge Purchase Price Allocation

In thousands
Consideration:
	Cash payment		$	199,554
	Deferred payment(1)			15,000
		Total consideration		214,554
Less: Fair value of assets and liabilities acquired:(2)
	Oil and natural gas properties
		Proved		48,731
		Unevaluated		12,542
	CO2 and other non-hydrocarbon gases properties			9,741
	Pipelines and plants			91,594
	Other assets(3)			48,660
	Asset retirement obligations			(389)
				210,879
Goodwill			$	3,675
(1)		The deferred payment is included in "Accounts payable and accrued liabilities" on the accompanying balance sheet and will be paid at the time the property’s gas plant is operational and meets specific performance conditions as described above.
(2)		Fair value of the assets acquired and liabilities assumed is preliminary, pending final closing adjustments.
(3)		Other assets includes helium extraction rights of $36.7 million. Helium reserves at Riley Ridge are owned primarily by the Federal government. The fair value assigned to helium extraction rights was calculated using the income approach and represents the future net revenues associated with the Company’s right to extract and sell the helium on behalf of the helium resource owners. Upon commencement of helium production, helium extraction rights will be amortized on a units-of-production basis.

Proforma revenue and net income (loss)

		Pro Forma Results
In thousands, except per share amounts		Three Months Ended September 30, 2010		Nine Months Ended September 30, 2010
Pro forma total revenues		$	466,703	$	1,579,184
Pro forma net income attributable to Denbury stockholders			29,104		276,527
Pro forma net income per common share:
	Basic	$	0.07	$	0.70
	Diluted		0.07		0.69