EXHIBIT 21

LIST OF SUBSIDIARIES

	JURISDICTION OF
NAME OF SUBSIDIARY	INCORPORATION	STATUS
Denbury Gathering & Marketing, Inc.	Delaware	Wholly owned subsidiary of Denbury Resources Inc. — parent company of Genesis Energy, Inc.
Genesis Energy, Inc.	Delaware	Wholly owned subsidiary of Denbury Gathering & Marketing, Inc. - holds 2.0% general partner interest of Genesis Energy LP, .01% general partner interest of Genesis Crude Oil LP, and 7.396% limited partner interest of Genesis Energy LP
Denbury Operating Company	Delaware	Wholly owned subsidiary of Denbury Resources Inc. — operating holding company of limited liability companies
Denbury Onshore, L.L.C.	Delaware	Wholly owned subsidiary of Denbury Operating Company — onshore oil and gas properties
Denbury Marine, L.L.C.	Louisiana	Wholly owned subsidiary of Denbury Operating Company — marine company
Tuscaloosa Royalty Fund L.L.C.	Delaware	Wholly owned subsidiary of Denbury Operating Company
Denbury New Frontiers, L.L.C.	Delaware	Wholly owned subsidiary of Denbury Operating Company