Denbury completed the acquisition of the Free State CO2 pipeline from Genesis Energy for $22m.

Denbury, a company engaged in hydrocarbon exploration, completed the acquisition of the Free State CO2 pipeline from Genesis Energy, a diversified midstream master limited partnership, for $22m. "We are very pleased to have reached this agreement with Genesis to restructure and simplify these final pieces of our legacy debt obligations. These transactions further reduce our debt and interest expense while ensuring maximum flexibility to both operate our pipeline infrastructure and to accommodate future opportunities. We believe that Denbury’s extensive CO2 pipeline infrastructure is an important strategic asset that is well positioned for the emerging carbon capture, utilization, and storage business, which we believe will drive significant and sustainable future value creation for Denbury," Chris Kendall, Denbury President and CEO.