EXHIBIT 99.1

                             DENBURY RESOURCES INC.
                             P R E S S R E L E A S E

             David Bonderman Resigns from Denbury Board of Directors

News Release
Released at 7:30 A.M. CST

       DALLAS - September 22, 2003 - Denbury  Resources Inc. (NYSE symbol:  DNR)
announced that David Bonderman, a principal of the Texas Pacific Group, resigned
his position as director of the Company on September  15,  2003.  Mr.  Bonderman
stated that his  resignation  was related to the  reduction in the Texas Pacific
Group's shareholdings in Denbury during the last year, noting that there were no
disagreements with the Company or management.

       Ron Greene,  Chairman of the Board,  stated,  "We wish to publicly  thank
David Bonderman for his contribution to the Company during the last seven years.
The Texas Pacific  Group led by David  Bonderman  has been  instrumental  in the
Company's  success.  David's broad  business  experience and acumen have brought
significant guidance and direction to Denbury's board. He is a very busy man and
we appreciate the time he has devoted to Denbury over the last seven years."

       At this time, the Denbury Board of Directors  plans for its eight current
members,  three of whom are representatives of the Texas Pacific Group, to serve
until the next annual meeting in May 2004.  Prior to next year's annual meeting,
the Board will consider whether or not to add an additional  director as part of
the normal nominating process.

       Denbury Resources Inc. (www.denbury.com) is a growing independent oil and
gas  company.  The  Company is the  largest  oil and  natural  gas  operator  in
Mississippi,  holds key operating  acreage  onshore  Louisiana and has a growing
presence in the offshore Gulf of Mexico areas.  The Company  increases the value
of acquired  properties in its core areas through a combination of  exploitation
drilling and proven engineering extraction practices.

                        For further information contact:

Gareth Roberts, President and CEO, 972-673-2000
Phil Rykhoek, Chief Financial Officer, 972-673-2000
www.denbury.com