Denbury buys Encore Acquisition for $4.5B

Plano, Texas-based oil and gas company Denbury Resources Inc. (NYSE:DNR) agreed to acquire Encore Acquisition Co. (NYSE:EAC) for about $4.5 billion. The deal value includes a collar mechanism, about $1.2 billion in debt and the value of Encore's minority stake in Encore Energy Partners LP (NYSE:ENP). Fort Worth's Encore Acquisition develops onshore North American oil and natural gas reserves.