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.
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.
In 2006, BR acquired by ConocoPhillips
in a deal worth about US$35.6 billion. |
