Burlington Resources

Burlington Resources Inc. was a company engaged in hydrocarbon exploration. In 2006, the company was acquired by ConocoPhillips.

Burlington Resources Inc.
IndustryPetroleum industry
FateAcquired by ConocoPhillips
Founded1988 (1988)
DefunctMarch 31, 2006 (2006-03-31)
HeadquartersHouston, Texas
Key people
Bobby S. Shackouls, President & CEO
Revenue $7.587 billion (2005)
$2.710 billion (2005)
Total assets $19.225 billion (2005)
Total equity $8.935 billion (2005)
Number of employees
2,416 (2005)
Footnotes / references
[1]

History

In 1988, the company was formed to own the resource assets of Burlington Northern Railroad. The company became a public company.

In 1989, the company spun off Plum Creek Timber.[2]

In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the Gulf of Mexico.[3]

In 1999, the company acquired Poco Petroleums, gaining properties in the Western Canadian Sedimentary Basin.[4] The company also acquired ARCO's operations in Ecuador.[5]

In 2001, the company acquired Canadian Hunter Exploration, expanding its base in Canada.[6]

In 2003, the company started production in Algeria.[7]

In 2004, the company received approval to develop a gas field in China.[8]

In 2006, the company was acquired by ConocoPhillips.[9]

References

See also

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