Denbury Names McPherson as Operating Chief

Date : 06/22/2012 @ 9:27AM
Source : Dow Jones News
Stock : Conocophillips (COP)
Quote : 44.45  0.75 (1.72%) @ 12:39PM

Denbury Names McPherson as Operating Chief

Denbury (NYSE:DNR)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Denbury Charts.
   By Chelsea Stevenson 
 

Denbury Resources Inc. (DNR) named Craig McPherson, its former senior vice president of production and operations, as chief operating officer and Charlie Gibson, its former vice president of the western region, as the new senior vice president of planning, technology and business development.

Mr. McPherson has more than 30 years of experience in the oil and natural gas industry. He worked with ConocoPhillips (COP) in managerial and technical roles and joined Denbury in 2011. Mr. Gibson joined the company almost a decade earlier and since then he has served a variety of positions.

"Both [McPherson and Gibson] have demonstrated tremendous leadership and their promotions provide the structure to execute the continued expansion of our carbon dioxide enhanced oil recovery strategy," Chief Executive Phil Rykhoek said.

In May, the independent oil and gas company beat analysts' expectations and swung to a profit, as its revenue and production increased, while its derivative expenses fell. Earlier this month, Denbury closed a Gulf Coast acquisition in Texas in an effort to increase its oil production estimates.

Shares closed at $13.70 on Thursday and are inactive premarket. The stock is down 25% in the past three months.

Write to Chelsea Stevenson at chelsea.stevenson@dowjones.com

Latest COP Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.