Denbury Inc. — 1,300-mile CO2 pipeline network (largest in US) + EOR oilfields in TX, LA, MS
ExxonMobil's largest move into CCUS. Denbury's 1,300-mile CO2 pipeline network in TX/LA/MS becomes cornerstone of ExxonMobil low-carbon solutions business. All-stock deal at $89.45/share. Closed November 2, 2023.
$4.90B
Deal Value
Carbon Capture & DAC
Technology
LA, MS, TX
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Denbury Inc. shareholders
- Buyer / Financier
- ExxonMobil
- Deal Value
- $4.9B all-stock ($89.45/share)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- ExxonMobil
Related Deals
Baytown low-carbon hydrogen + ammonia complex — ~1 BCFD low-carbon hydrogen + 1 MMtpa ammonia
ExxonMobil → Air Liquide (~$850M capex on industrial gas)
~$850M (Air Liquide capex)
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NextEra Energy Partners → Kinder Morgan
$1.815B
Triple Oak Power — 8 GW onshore wind development platform focused on central and western US markets
EnCap Investments → Energy Capital Partners
$500M-$750M
Global Infrastructure Partners (GIP) — world's largest independent infrastructure fund with 19+ GW operational renewables, 173 GW in construction/development
Global Infrastructure Partners → BlackRock
$12.5B
Recurrent Energy — 20% stake in Canadian Solar's renewable energy subsidiary (11 GWp solar + 3 GWh storage globally)
Recurrent Energy → BlackRock
$500M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.