 | |
| Industry | Petroleum industry |
|---|---|
| Founded | 1988 |
| Defunct | March 31, 2006 |
| Fate | Acquired by ConocoPhillips |
| Headquarters | Houston, Texas |
Key people | Bobby S. Shackouls, President & CEO |
| Revenue |  $7.587 billion (2005) |
| $2.710 billion (2005) | |
| Total assets | $19.225 billion (2005) |
| Total equity | $8.935 billion (2005) |
Number of employees | 2,416 (2005) |
| Footnotes /references [1] | |
Burlington Resources Inc. was a company engaged in hydrocarbon exploration. In 2006, the company was acquired by ConocoPhillips.
In 1988, the company was formed to own the resource assets of Burlington Northern Railroad. The company became a public company.
In 1989, the company spun off Plum Creek Timber. [2]
In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the Gulf of Mexico. [3]
In 1999, the company acquired Poco Petroleums, gaining properties in the Western Canadian Sedimentary Basin. [4] The company also acquired ARCO's operations in Ecuador. [5]
In 2001, the company acquired Canadian Hunter Exploration, expanding its base in Canada. [6]
In 2003, the company started production in Algeria. [7]
In 2004, the company received approval to develop a gas field in China. [8]
In 2006, the company was acquired by ConocoPhillips. [9]
The ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
Ovintiv Inc., formerly Encana Corporation, is a hydrocarbon exploration and production company organized in Delaware and headquartered in Denver, United States. It was founded and headquartered in Calgary, Alberta, and was the largest energy company and largest natural gas producer in Canada. The company was rebranded as Ovintiv and relocated to Denver in 2019–20.
Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston. The company is ranked 167th on the Fortune 500 and 669th on the Forbes Global 2000.
BP Canada Energy Group ULC, is a Canadian oil and gas company headquartered in Calgary, Alberta, and a subsidiary of BP plc.
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
Murphy Oil Corporation is a company engaged in hydrocarbon exploration headquartered in Houston, Texas.
Conoco Inc. was an American oil and gas company that operated from 1875 until 2002, when it merged with the Phillips Petroleum Company 66 to form ConocoPhillips. Founded by Isaac Elder Blake in 1875 as the "Continental Oil and Transportation Company". Currently the name Conoco is a brand of gasoline and service station in the United States which belongs to Phillips 66 following the spin-off of ConocoPhillips' downstream assets in May 2012.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 595th on the Fortune 500.
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
The exploration of the Arctic for petroleum is considered to be quite technically challenging. However, recent technological developments, as well as relatively high oil prices, have allowed for exploration. As a result, the region has received significant interest from the petroleum industry.
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally containing approximately 25 billion barrels (4.0×109 m3) of oil. The amount of recoverable oil in the field is more than double that of the next largest field in the United States by acreage (the East Texas oil field), while the largest by reserves is the Permian Basin (North America). The field was operated by BP; partners were ExxonMobil and ConocoPhillips until August 2019; when BP sold all its Alaska assets to Hilcorp.
Plains Exploration & Production was a petroleum and natural gas exploration company based in Houston, Texas. In May 2013, it was acquired by Freeport-McMoRan.
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company, which is headquartered in Calgary, Alberta, has the largest undeveloped base in the Western Canadian Sedimentary Basin. It is the largest independent producer of natural gas in Western Canada and the largest producer of heavy crude oil in Canada.
Denbury Inc. is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Plano, Texas.
The Seaway Crude Pipeline System (SCPS), commonly known as the Seaway Pipeline, is an oil pipeline system which transports crude oil between Cushing, Oklahoma and Freeport, Texas, and through the Texas City, Texas Terminal and Distribution System on the Gulf Coast of the United States. The Seaway is an important crude oil transfer link between two petroleum regions within the United States.
The United States Oil & Gas Association, formerly the Mid-Continent Oil & Gas Association, is a trade association which promotes the well-being of the oil and natural gas industries in the United States. Primarily, the organization focuses on the production of these resources. Other organizations exist to deal with concerns of transportation, refining and processing, and other discrete functions of the fossil fuel industry.
Gulf Canada was a Canadian integrated petroleum company that existed between 1944 and 2001. Gulf Oil Corporation began operating in Canada in 1942, and two years later formed a Canadian subsidiary called the Canadian Gulf Oil Company. In 1956 Canadian Gulf Oil merged with the British American Oil Company and until 1969 operated under the British American name. In 1969 British American amalgamated with its subsidiaries into a new company called Gulf Oil Canada Limited.
Bangladesh is the nineteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated & organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.