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Denbury Resources boosts buyback program by $250M

Denbury Resources increases stock repurchase program by $250 million

Associated Press

PLANO, Texas (AP) -- Denbury Resources Inc. is increasing its stock buyback program by $250 million.

The independent oil and natural gas company said Friday that this boosts the total amount authorized under the program since it started in October 2011 to $1.16 billion. Denbury has spent $740 million as of 2013's end for about 48 million shares.

The company also announced that it has started operations at its Riley Ridge gas processing plant.