Stockholders' Equity

9 Months Ended

Sep. 30, 2012

Stockholders Equity Note [Abstract]

Stockholders Equity

Note 4. Stockholders' Equity

Stock Repurchase Program

In October 2011, we commenced a common stock repurchase program for up to $500 million of Denbury common stock, as approved by the Company's Board of Directors. The program has no pre-established ending date, and may be suspended or discontinued at any time. We are not obligated to repurchase any dollar amount or specific number of shares of our common stock under the program.

During the third quarter of 2012, we repurchased 2,493,435 shares of Denbury common stock for $41.1 million, or $16.48 per share, and in October 2012, we repurchased an additional 2,133,910 shares for $34.9 million, or $16.35 per share. Since commencement of the share repurchase program in October 2011, we have purchased a total of 18,739,955 shares of Denbury common stock for $271.2 million and thus are authorized to spend an additional $228.8million under this repurchase program.We account for treasury stock using the cost method and include treasury stock as a component of stockholders' equity.