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Denbury Resources to change company name after emerging from bankruptcy

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Denbury Resources to change company name after emerging from bankruptcy

Denbury Resources Inc. on Sept. 15 said it will change its corporate name to Denbury Inc. when it emerges from bankruptcy.

Denbury said it is also planning to list its new common stock in the reorganized company to trade on the New York Stock Exchange under the ticker symbol DEN, according to an SEC filing.

Denbury Resources announced it was filing for Chapter 11 bankruptcy protection after it struck a restructuring agreement for a prepackaged plan designed to remove the company's $2.1 billion of debt. Most recently, the company received the U.S. Bankruptcy Court for the Southern District of Texas' confirmation of its pre-packaged restructuring plan.

Texas-based Denbury Resources is an oil and gas producer that holds interests in various oil and natural gas properties in the Gulf Coast and Rocky Mountain regions.