Burlington Resources Inc. was a company engaged in

hydrocarbon exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods ...

. In 2006, the company was acquired by

ConocoPhillips ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in t ...

History

In 1988, the company was formed to own the resource assets of

Burlington Northern Railroad The Burlington Northern Railroad was a United States–based railroad company formed from a merger of four major U.S. railroads. Burlington Northern operated between 1970 and 1995. Its historical lineage begins in the earliest days of railroad ...

. The company became a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

. In 1989, the company spun off Plum Creek Timber. In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the

Gulf of Mexico The Gulf of Mexico () is an oceanic basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent. It is bounded on the northeast, north, and northwest by the Gulf Coast of the United States; on the southw ...

. In 1999, the company acquired Poco Petroleums, gaining properties in the

Western Canadian Sedimentary Basin The Western Canada Sedimentary Basin (WCSB) underlies of Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia and the southwest corner of the Northwest Territories. This vast sedimentary b ...

. The company also acquired ARCO's operations in

Ecuador Ecuador, officially the Republic of Ecuador, is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Province which contain ...

. In 2001, the company acquired Canadian Hunter Exploration, expanding its base in Canada. In 2003, the company started production in

Algeria Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. It is bordered to Algeria–Tunisia border, the northeast by Tunisia; to Algeria–Libya border, the east by Libya; to Alger ...

. In 2004, the company received approval to develop a gas field in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. In 2006, the company was acquired by

References

{{Reflist, 1 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