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US Oil Company Denbury Explores Options Including Sale

  • Energy company has been working with adviser on possible deal
  • Denbury uses carbon dioxide to take oil from exploited fields
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Denbury Inc., an independent oil company based in Plano, Texas, has been exploring options including a sale, according to people with knowledge of the matter.

The company, which has a market capitalization of about $4 billion, has been working with an adviser to evaluate strategic options, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Deliberations may not lead to a transaction, the people said. A representative for Denbury declined to comment.