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Small Oil Producer Stands to Win Big From Biden’s Climate Bill

1
Benoît Morenne
·6 min read
Small Oil Producer Stands to Win Big From Biden’s Climate Bill

Middling oil producer Denbury emerged from bankruptcy in September 2020 with a collection of aging wells, pipelines to move around carbon dioxide and uncertain prospects. Today, the Dallas-based company is one of the big winners of the Biden administration’s signature climate bill. Denbury took on significant amounts of debt over the past decade acquiring oil properties and building out the pipelines, which ferry CO2 to depleted oil fields and coax out more crude.

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