Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Event

Note 11. Subsequent Events

Delhi Insurance Receivable

In late July 2020, we entered into agreements with certain of our insurance carriers, pursuant to which we expect to receive approximately $16 million as a reimbursement of previously-incurred costs and damages associated with the June 2013 release of well fluids within the Denbury-operated Delhi Field located in northern Louisiana. We expect to receive such insurance proceeds by the end of August 2020.

Houston Area Land Sale

On July 24, 2020, we completed the sale of a portion of certain non-producing surface acreage in the Houston area. The gross proceeds from the sale of this portion of the acreage under contract were approximately $14 million.

NYSE Delisting

On July 31, 2020, the New York Stock Exchange (the “NYSE”) notified us of its determination to commence proceedings to delist our common stock from the NYSE, and as of July 31, 2020 to indefinitely suspend trading of our common stock on the NYSE. Suspension of trading in our common stock and delisting proceedings were undertaken by the NYSE in accordance with Section 802.01D of the NYSE Listed Company Manual due to our filing of the Chapter 11 Restructuring on July 30, 2020.