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Denbury Owner Relations Form

Denbury Owner Relations Form

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WE'RE I CAN MAING GREAT PROGRESS THERE'S A LONG WAY TO GO BUT WE LOVE WHERE WE ARE AND WE LOVE WHERE WE'RE HEADED. >> TALK ABOUT WHAT THE INFLATION REDUCTION ACT HAS DONE BECAUSE THEY'VE PUT SOME PRETTY GOOD PRICING IN THAT COULD MAYBE GET OTHERS TO WORK WITH YOU TO GET THINGS DONE. >> THEY REALLY DID, JIM, AND IT'S BEEN JUST A FANTASTIC COUPLE OF YEARS IN TERMS OF THE WHOLE PANORAMA FOR CARBON CAPTURE. WE STARTED WITH THE ORIGINAL OF 45Q TAX CREDIT WHICH IS PROVIDED A $50 PER TON TAX CREDIT FOR CARBON CAPTURED AND SEQUESTERED UNDERGROUND. THAT WAS GREAT BECAUSE THAT GOT US A GREAT START WITH A BUNCH OF LOW COST TO CAPTURE INDUSTRIES LIKE AMMONIA, METHANOL, ETHANOL AND SO ON. SO THAT'S WHERE WE STARTED AND THAT'S WHERE WE BEGAN GOING DOWN THIS PATH. WHAT'S REALLY COOL IS THAT ONCE WE SAW THE I.R.A. AND WE SAW THAT $50 TAX CREDIT INCREASED TO $85 A TON, WHAT THAT DID, ESPECIALLY WHEN YOU COMBINE IT WITH CONTINUED WORK TO JUST REDUCE THE COST OF CAPTURE, IS IT BRINGS A WHOLE

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