Denbury Resources Inc., Plano, Tex., has agreed to buy Thompson field in Fort Bend County, Tex., from a private seller for $360 million cash and a production payment. Closing is expected in early June.

Enhanced oil recovery has been successfully applied to increase production at an Illinois oil field well past its peak by more than 300%, the US Department of Energy said on Apr. 25.

Denbury Resources Inc., Plano, Tex., estimated its production in the quarter ended Mar. 31 to have been 71,532 b/d of oil equivalent, 93% oil and an 8% increase from the quarter ended Dec. 31, 2011.

The PetroSinai joint venture has established production of 60 b/d of clean oil on a progressive cavity pump after workover of the Lagia-6 well drilled in 2000 in Lagia field on the Sinai Peninsula in Egypt.

Surmont Energy Ltd., private Calgary independent, said it has earned an 80% working interest in 12,000 acres of leases 70 km southwest of Fort McMurray, Alta., that contain a best estimate of 1.49 billion bbl of discovered and undiscovered bitumen in place.

MEG Energy Corp. will begin formal stakeholder consultation leading to regulatory applications to develop oil sands leases in the Surmont area of Alberta.

Koch Oil Sands Operating ULC has received conditional approval to build and operate the Gemini thermal oil sands project near Beaverdam in the Cold Lake area of Alberta.

BPZ Energy Inc., Houston, reported a 10.7 decline in proved crude oil reserves at the end of 2011 and early response to a gas cap reinjection program at Corvina field offshore Peru.

Enhanced Oil Resources Inc., Houston, has permitted five horizontal 20-acre infill wells in its 4,800-acre Milnesand San Andres Unit in Roosevelt County, NM, where 40-acre development is estimated to have recovered 14% of original oil in place.

The US Bureau of Land Management is seeking public comments on a proposed waterflood program in the Jurassic Nugget formation and new oil and gas wells on public land in Fremont County, Wyo., 20 miles south of Sweetwater Station, BLM’s Lander, Wyo., field office said on Feb. 3.