Subsequent Event

6 Months Ended

Jun. 30, 2017

Subsequent Events [Abstract]

Subsequent Event

Note 9. Subsequent Events

Employee Equity Award Grants

On July 11, 2017, the Compensation Committee of our Board of Directors granted customary long-term equity incentive awards covering 4,656,823 shares of restricted stock to our employees under our 2004 Omnibus Stock and Incentive Plan. The closing price of Denbury’s common stock on July 11, 2017 was $1.52 per share. The awards generally vest one-third per year over a three-year period.

Assets Held for Sale

During July 2017, we signed an exclusive listing agreement to begin actively marketing for sale certain non-productive surface acreage ideally suited for commercial development in the Houston area, which we currently anticipate selling during the next 12 months, although no such sale is assured. This acreage was acquired through a combination of certain producing oilfield acquisitions and separate land purchases, and as of June 30, 2017, the carrying value of the land was $33.1 million, which is included in “Other property and equipment” on our Unaudited Condensed Consolidated Balance Sheets.