EXHIBIT 15


Denbury Resources Inc.:

We have made a review, in accordance with standards  established by the American
Institute  of  Certified  Public   Accountants,   of  the  unaudited   condensed
consolidated  interim  financial  information  of Denbury  Resources  Inc.  (the
"Company"),  for the  three  month  periods  ended  March  31,  2002 and 2001 as
indicated in our report dated May 10, 2002; because we did not perform an audit,
we expressed no opinion on that information.

We are aware  that our  report  referred  to  above,  which is  included  in the
Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2002, is
incorporated by reference in Registration  Statement Nos.  333-1006,  333-27995,
333-55999,  333-70485,  333-39172,  333-39218  and  333-63198  on Forms S-8, and
Registration Statement No. 333-57382 on Form S-3 of Denbury Resources Inc.

We also are aware that the aforementioned report,  pursuant to Rule 436(c) under
the  Securities  Act of  1933,  is not  considered  a part  of the  Registration
Statement prepared or certified by an accountant or report prepared or certified
by an accountant within the meaning of Sections 7 and 11 of that Act.


/s/Deloitte & Touche LLP

Dallas, Texas
May 13, 2002