FDL makes over 70,000 bpd with 300 employees. Denbury makes less than 60,000 with 900 employees and counting. Does Denbury need three people to do one person’s job?
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You should check these companies CLR, Hess, MRO, EOG, cxo, fang, etc. we need to not only look at Bopd,but also revenue. Denbury has way too many people!!! Don’t use excuses of being In CO2 business. With current situations, the only way that Denbury can survive is to reduce to less than 400 people.
Sorry typo there G&A at all time low*
847 not 900. FDL makes 21,751 bopd
DNR makes almost triple that and 97% of its production is oil.60% of that is from CO2 floods.
With so much of FDL production being gas I don't think this is even a fair comparison.
Do they source their own CO2 for their projects? Our G&A is at an all time high and its not because we are hiring people its because we were firing people.
I don’t know genius, but it might have something to do with our recycling facilities and the greater operating needs of a co2 flood. Also, iss that 70,000 bopd or boepd for FDL? There’s a big difference.