EXHIBIT 15

                      LETTER FROM INDEPENDENT ACCOUNTANTS



Denbury Resources Inc.:

We have made a review, in accordance with standards  established by the American
Institute of Certified Public  Accountants,  of the unaudited  interim financial
information  of Denbury  Resources Inc. for the periods ended March 31, 2000 and
1999,  as indicated in our report dated May 2, 2000,  because we did not perform
an audit, we expressed no opinion on that information.

We are aware that our  report  referred  to above,  which was  included  in your
Quarterly  Report on Form 10-Q for the  quarter  ended  March 31,  2000 is being
incorporated by reference in this Registration Statement.

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 a report  prepared  or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.


DELOITTE & TOUCHE LLP
Dallas, Texas

June 13, 2000


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