Encore Acquisition News

Fresh off of its proposed major merger with Encore Acquisition , Denbury Resources is further expanding its enhanced oil recovery empire.

By JACK Z. SMITH Denbury Resources has agreed to buy a 95 percent working interest in the venerable Conroe oil field north of Houston, where it plans to continue its signature practice of using large injections of carbon dioxide to enhance petroleum recovery.

Denbury Resources Inc. /quotes/comstock/13*!dnr /quotes/nls/dnr said Thursday it'll pay $431 million in cash and stock to buy a 95% working interest in the Conroe Field near Houston from private firm Wapiti Energy.

Denbury plans to spend up to $1 billion to develop the field. The deal includes $256.4 million in cash and 11.62 million shares of Denbury stock, which will carry a fixed value of about $174 million.

Denbury Resources held an analyst meeting last week at which it expanded on the strategy behind its recent announcement to purchase Encore Acquisition Co.

An investor in Encore Acquisition filed a lawsuit in Delaware Chancery Court on behalf of current investors Encore Acquisition Company , who purchased the shares before October 30, 2009, over alleged breaches of fiduciary duty in connection with an alleged unfair takeover.

November 16, 2009 at 11:11 am by Michelle Leder Denbury stretches limits of Powerpoint Earlier this month, Denbury Resources announced that itplanned to buy Encore Acquisition in a $4.5 billion deal or $3.25 billion deal .

Carbon dioxide puts the fizz in soft drinks. Denbury Resources, a Plano-based oil producer, relies on carbon dioxide to add fizz to its bottom line.

Glass slipper? Check. Charming prince? Check. But... ST. PAUL, Minn.-- --Sun Country Airlines has partnered with Honor Flight Tri-State . The airline will fly WWII Veterans to Washington D.C. to g... WASHINGTON-- --Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Encore Acquisition Co.

Among the companies whose shares are expected to see active trade in Monday's session are the European banks as well as CIT, CNA, Dean Foods, Encore Acquisition, Ford, Humana, Loews, Nice, Terra and U.S. Bancorp.

Encore Acquisition Co. , which operates oil and natural gas projects from Montana to Texas, was sued by a shareholder asking a judge to block a planned $4.5 billion cash-and-stock-swap takeover by Denbury Resources Inc.

Denbury to buy oil developer Encore for $2.64B >> Posted By STONERS 9 hours, 21 minutes ago in News Oil and gas developer Denbury Resources Inc.

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In May of 2008, Encore Acquisition hung up the "for sale" sign --the oil & gas company has finally found its exit.

Denbury Resources agreed to acquire Encore Acquisition Corp for $4.5 billion in an exchange of cash and stock.

Denbury Resources has agreed to purchase Encore Acquisition in a deal estimated to be worth $4.5 billion.

Encore Acquisition Company filed Quarterly Report for the period ended 2009-09-30. Encore is an organized rapidly growing independent energy companyengaged in the acquisition development and exploitation of North American oil and natural gas reserves.

Denbury Resources Inc. announced today that as a result of the definitive merger agreement to acquire Encore Acquisition Company in a $4.5 billion transaction, the details of which were announced separately, it is postponing its previously scheduled earnings release and conference call regarding third quarter 2009 results from Tuesday, November 3rd ...

Denbury Resources Inc. and Encore Acquisition Company today jointly announced that they have entered into a definitive merger agreement pursuant to which Denbury will acquire Encore in a transaction valued at approximately $4.5 billion, including the assumption of debt and the value of the minority interest in Encore Energy Partners LP .

Encore Energy Partners LP filed Quarterly Report for the period ended 2009-09-30. ENCORE ENERGY PARTNERS LP owns develops acquires exploits and operates oil and natural gas properties in the United States.