EXHIBIT 23.1

                            DEGOLYER AND MACNAUGHTON
                       4925 GREENVILLE AVENUE, SUITE 400
                               ONE ENERGY SQUARE
                              DALLAS, TEXAS  75206


                               November 14, 2002



Denbury Resources Inc.
5100 Tennyson Parkway, Suite 3000
Plano, Texas 75024

Ladies and Gentlemen:

         We consent to the use of the name DeGolyer and MacNaughton and to
references to DeGolyer and MacNaughton and to references to our "Appraisal
Report as of December 31, 2001 on Certain Properties owned by Denbury Resources
Inc. SEC Case," (our Report) or information contained therein, which were
prepared for Denbury Resources Inc., under the heading "Experts" of the
Registration Statement on Form S-3 declared effective by the Securities and
Exchange Commission on March 21, 2001 and in the Prospectus Supplement thereto
on or about November 14, 2002. We further consent to the use of the name
DeGolyer and MacNaughton and to references to DeGolyer and MacNaughton and to
our Report or information contained therein under the headings "Financial
Highlights," "Selected Operating Data," and "Notes to Consolidated Financial
Statements - Note 9. Supplemental Reserve Information (unaudited)" of Denbury
Resources Inc.'s Form 10-K for the fiscal year ended December 31, 2001, which
is incorporated by reference in the Form S-3.


                                             Very truly yours,


                                             /s/ DEGOLYER AND MACNAUGHTON

                                             DEGOLYER AND MACNAUGHTON