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 and nine month periods  ended  September 30, 2002 and
2001 as  indicated  in our report  dated  November  5, 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  September  30,
2002, is  incorporated  by reference in  Registration  Statement Nos.  333-1006,
333-27995,  333-55999,  333-70485, 333-39172, 333-39218, 333-63198 and 333-90398
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
November 11, 2002