PLANO, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Denbury Inc. (NYSE: DEN) ("Denbury" or the "Company") today announced that it has restructured its long-standing CO 2 pipeline arrangements with Genesis Energy, L.P. ("Genesis"), covering: Under the terms of the agreements executed on October 30, 2020, (a) Denbury reacquired the NEJD Pipeline system from Genesis in exchange for $70 million, to be paid in four equal payments during 2021, representing full settlement of all remaining obligations under the NEJD secured financing lease; and (b) Denbury reacquired the Free State Pipeline from Genesis in exchange for a one-time payment of $22.5 million on October 30, 2020. Denbury plans to fund these payments with excess cash flow and borrowings under its bank credit facility.