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Burlington Resources, ) is an American oil and gas company. Their headquarters are in Houston, Texas.
Burlington Resources has operations in North America (Canada, USA, San Juan basin), Algeria, China, Northwest Europe (North Sea and East Irish Sea) and Latin America (Colombia, Ecuador, Peru and Argentina).
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.
Burlington Resources
History
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| | Company Name | Burlington Resources | | Company Logo | Image:BurlingtonResources-logo.GIF | | Company Type | Public company | | Foundation | 1988 | | Location | Houston, Texas | | Key People | Bobby S. Shackouls, President & CEO | | Revenue | profit$1.5 billion United States dollar | | Industry | List of petroleum companies | | Num Employees | 2200 2005 | | Products | Petrochemical products | | Homepage | http://www.br-inc.com/ BR-Inc |
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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.
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.
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