Denbury Resources Completes Acquisition
The deal is for three oil fields in Mississippi and Alabama.
Denbury Resources
(DNR)
, an independent oil and natural gas company, said Tuesday that it completed the acquisition of three oil fields in Mississippi and southwest Alabama.
The purchase price was about $248 million. The company said the deal was funded through $150 million of senior subordinated notes as well as financing under an existing credit facility
Denbury's stock closed Tuesday at $29.77, up 55 cents.
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