The world’s two biggest economies continued to show signs of recovery this week, helping lift resource prices.
Articles Tagged "Denbury Resources"
Oil – Bloomberg reported that Denbury Resources Inc. (NYSE:DNR) has agreed to purchase acreage in Montana and North Dakota from ConocoPhillips for $1.05B as part of its expansion plans in the Rocky Mountain.
Oil – ExxonMobil Corp. (NYSE:XOM) announced that along with its subsidiary, XTO Energy, it signed an agreement to acquire all the Bakken shale assets belonging to Denbury Resources Inc. (NYSE:DNR). The move will significantly increase Exxon's output in North Dakota and Montana, which are expected to produce more than 15,000 barrels of oil equivalent per day during the last half of 2012.