Burlington Resources

Burlington Resources

Infobox_Company
company_name = Burlington Resources
company_
company_type = Subsidiary
company_slogan =
foundation = 1988
location = Houston, Texas
key_people = Bobby S. Shackouls, President & CEO
revenue = profit$1.5 billion USD (2005)
industry = Oil Production
num_employees = 2200 2005
products = Petrochemical products
homepage = [http://www.br-inc.com/ BR-Inc]

Burlington Resources, is an American oil and gas company. Their headquarters are in Houston, Texas.

Based in Houston, Texas, "BR" has major offices located in Calgary, London, Farmington, Midland and Fort Worth. After the merger with ConocoPhillips, stockholders received 0.7214 shares of ConocoPhillips common stock plus $46.50 in cash for each share of Burlington Resources; before the merger, shares of Burlington Resources had last traded at $91.91.

History

*1988: Burlington Resources is formed as a stand-alone resource company to manage Burlington Northern Railroad Company's resource assets (formerly including companies such as "Milestone Petroleum", "El Paso Company" and "Meridian Oil Inc", as well as land holdings and mineral rights granted in 1864 by Abraham Lincoln). BR stock is offered to the public.
*1994: Non strategic properties were divested, eliminating half of BR's wells.
*1997: BR merges with "Louisiana Land & Exploration", gaining interest in properties in the Gulf Of Mexico.
*1998: International expansion in Algeria.
*1999: BR acquired "Poco Petroleums", gaining properties in the Canadian western sedimentary basin.
*2001: BR acquired "Canadian Hunter Exploration", expanding its base in Canada.
*2002: BR acquired production properties in Ecuador and has a gas sales deal with China.
*2006: BR acquired by ConocoPhillips in a deal worth about US$35.6 billion.

ee also

* Gasoline
* Petroleum
* OPEC
* List of oil-producing states

External links

* [http://www.br-inc.com/ Burlington Resources Incorporated]

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