Denbury sees 2023 oil and natural gas production 46K-49K BOE/day

Denbury anticipates oil and natural gas sales volumes for 2023 between 46,000 and 49,000 barrels of oil equivalent per day, with 97% of the volumes expected to be oil. The midpoint of the 2023 production range is up approximately 1.5% from 2022, primarily due to the anticipated commencement of production from the CCA EOR development in the second half of 2023. Lease operating expense is estimated to range between $29 and $31 per BOE during 2023, slightly higher than in 2022 primarily due to higher expected CO2 costs.