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 deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Vis ...

. 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 ...

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 Mergers and acquisitions, merger of four major U.S. railroads. Burlington Northern operated between 1970 and 1996. Its historical lineage begins in the e ...

. The company became a

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

. In 1989, the company spun off

Plum Creek Timber Plum Creek Timber Company, Inc. was a timberland owner and manager, as well as a forest products, mineral extraction, and property development company, until it merged with Weyerhaeuser Company. It was headquartered in Suite 3100 at 601 Union ...

. In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the

Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of ...

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

Western Canadian Sedimentary Basin The Western Canadian 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 ...

. The company also acquired

ARCO ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States an ...

's operations in

Ecuador Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Eku ...

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

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

. 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. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. 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