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.