Burlington Resources
| Company type | Public |
|---|---|
| Industry | Hydrocarbon exploration |
| Founded | 1988 |
| Defunct | 2006 |
| Fate | Acquired by ConocoPhillips |
| Headquarters | United States |
| Products | Oil and gas exploration and production |
Burlington Resources Inc. was a company specializing in hydrocarbon exploration that was purchased by ConocoPhillips in 2006.
History
Established in 1988 to oversee the resource holdings of Burlington Northern Railroad, Burlington Resources transitioned into a publicly traded entity.
In 1989, the company separated Plum Creek Timber as an independent entity.
Growth was achieved through strategic acquisitions, such as Louisiana Land & Exploration in 1997, which provided assets in the Gulf of Mexico; Poco Petroleums in 1999, expanding its portfolio within the Western Canadian Sedimentary Basin; and ARCO's operations in Ecuador during the same year.
The acquisition of Canadian Hunter Exploration in 2001 further enhanced Burlington’s footprint in Canada.
Operations commenced in Algeria by 2003, and a year later, the company obtained authorization to develop a gas field located in China.
In 2006, Burlington Resources became part of ConocoPhillips through acquisition.
References
- Articles with short description
- Defunct oil companies of the United States
- Petroleum in Texas
- Defunct companies based in Texas
- Energy companies established in 1988
- Non-renewable resource companies established in 1988
- American companies established in 1988
- Non-renewable resource companies disestablished in 2006
- 1988 establishments in Texas
- 2006 disestablishments in Texas