Exxon to Buy Denbury for $4.9 Billion in CO2 Pipeline Push
July 17, 2023

By , and 

July 13, 2023 at 8:00 AM EDT

Updated on July 13, 2023 at 11:27 AM EDT


Exxon Mobil Corporation agreed to buy Denbury Inc. for US$4.9 billion, its biggest acquisition in six years, in a deal that will provide the oil giant the largest network of carbon dioxide pipelines in the U.S.


The all-stock transaction values Plano, Texas-based Denbury at $89.45 a share, the companies said Thursday in a statement. 

Denbury’s key asset is 1,300 miles (about two thousand kilometres) of pipelines dedicated to transporting CO2, critical infrastructure if the U.S. is going to be successful in capturing carbon emissions from facilities like refineries and chemical plants.


The acquisition is the largest single carbon-management investment since the Inflation Reduction Act passed in August. The law included landmark climate provisions, providing substantial tax incentives for companies to capture CO2 emissions and store them underground rather than pollute the atmosphere.


Buying Denbury will “allow us to move much more quickly than if we were to go out and try to build and replicate that infrastructure ourselves,” said Dan Ammann, president of Exxon’s Low Carbon Solutions business in a Bloomberg Television interview. It will “accelerate the growth of this business and do that on a very profitable basis.”


Denbury’s Rocky Mountain assets are connected to Exxon’s Shute Creek gas facility near LaBarge, Wyo., which has captured more carbon than any other asset in the U.S.


© 2023 Bloomberg L.P.

VVC Grants Options

April 20, 2026
TORONTO, April 20, 2026 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Option Grant The Directors granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 14,750,000 common shares, representing 2.58% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring April 20, 2036. Twenty five percent (25%) of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 32.2% were to Directors, 37.3% to Officers, 18.6% to Employees and 11.9% to Consultants of the Company.  About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VVC – Strategic Exit of Gloria Copper Project in Mexico

November 18, 2025
TORONTO, Nov. 18, 2025 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) announces that, after a project review, it has strategically restructured its mining projects in Mexico. This project review encompassed multiple considerations, including ongoing maintenance costs, permitting authorizations, political climate, safety, upside potential and financeability of each project and probability of achieving the projects potential. After this review, the Company has decided to: Exit the Gloria Copper Project located near Samalayuca, State of Chihuahua, Mexico. This long-standing project of the Company is expensive to maintain and is in an area that has become more politically volatile with uncertain safety. The geological potential of the project is not in question, but the ability to achieve that potential is unclear. Focus all mining exploration activity on the Cumeral Gold Project. Cumeral is the Company’s highly prospective gold project in north central Sonora Mexico. This project, while not as advanced as the Gloria Copper Project, has a huge upside potential. It is in an area where there is strong local support for the project and a higher likelihood of permitting and implementation success. The Cumeral Gold Project is a 1,665-hectare property in northern Sonora near Imuris which exhibits quartz-vein–hosted gold in a detachment-fault/orogenic setting with a documented NNW–SSE mineralized trend of ~4 km. Historical work reported that ~36% of 407 grab/chip samples assayed 0.1–10 g/t Au; soil surveys outlined additional anomalies (47 samples >0.020 ppm Au); and air-track drilling intersected broad, near-surface intervals of 0.21–0.44 g/t Au over 6–26 m in key target areas. The Company will continue activities on the Cumeral Gold Project. Rationale and Next Steps The Company’s decision reflects consideration of cost discipline, safety and risk management. The exit from the Gloria Copper Project will reduce future cash outlays for care, maintenance, and permitting at amid uncertainty over permit viability and broader political conditions in Chihuahua State. Capital and management resources will be reallocated to the Cumeral Gold Project exploration, and to development of the Company’s helium/natural gas project in the Central Kansas Uplift (CKU) Project where existing infrastructure and near-term activities offer a clearer path to execution. « There are opportunity costs in every project, » said Jim Culver, CEO. « Exiting the Gloria Copper Project will allow the Company to concentrate resources on projects with an obvious direct and timely route to advancing development while maintaining discipline on risk and spending. » About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 
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