Denbury (DNRWW) 8-K Results of Operations and Financial Condition

Exhibit 99.2

DEGOLYER AND MACNAUGHTON
500 |Spring Valley Road
Suite800East
Dallas, Texas75244

February 3, 2011

Denbury Resources Inc.
5320 Legacy Drive
Plano, Texas 75024

Ladies and Gentlemen:

     We hereby consent to the use of the name DeGolyer and MacNaughton, to references to DeGolyer and MacNaughton, and to the reference to our “Appraisal Report as of December 31, 2010 on Certain Properties owned by Denbury Resources Inc. SEC Case”, and to the inclusion of information from this report in the Current Report on Form 8-K of Denbury Resources Inc. to be filed with the Securities and Exchange Commission on or about February 3, 2011.

Very truly yours,

DeGolyer and MacNaughton

Texas Registered Engineering Firm F-716