Plano-based Denbury Inc. returned to the stock market Monday after shedding $2.1 billion in debt in a court-supervised chapter reorganization.The impartial oil and fuel firm resumed buying and selling on the New York Stock Trade underneath the ticker image DEN. It additionally shortened its company identify, dropping the phrase “resources” from its nameplate.Buying and selling markets turned unfavorable Monday, driving down Denbury’s share price from $20.65 on the open to $18.10 on the shut.Denbury’s prearranged settlement with its collectors allowed it to get rid of $2.1 billion of bond debt. Current lenders put up $615 million in financing to assist Denbury’s operations throughout the roughly two months it was underneath court docket supervision.“Today is an important day for Denbury and all of our stakeholders,” stated CEO Chris Kendall in an announcement Friday when the corporate’s reorganization was finalized. “Having quickly and efficiently completed our restructuring process, Denbury is now a stronger company with the financial flexibility to continue building on our unique … strategy for many years to come.”Kendall stated the restructuring makes Denbury extra aggressive by letting it deal with its “emerging carbon capture, use, and storage business.” The corporate’s specialty is injecting carbon dioxide throughout the drilling course of to extra effectively extract oil from the Gulf Coast and Rocky Mountain areas.Denbury was the 67th largest public firm in Dallas-Fort Value final yr, with $1.three billion in income. It has 718 staff.