BURLINGTON RESOUR, (BR) Stock Research Free Stock Rating

Company Profile

Burlington Resources, Inc., a holding company, engages in the exploration for, development, production, and marketing of crude oil, natural gas liquids, and natural gas in North America, Canada, and other countries. Its North American operations primarily include production, development, and exploration of natural gas. The company’s projects and properties in North America comprise the San Juan Basin in northwest New Mexico and southwest Colorado; the Madden Field located in the Wind River Basin, covering approximately 70,000 acres in Wyoming’s Fremont and Natrona counties; the Williston Basin; the Anadarko Basin located principally in western Oklahoma, which encompasses approximately 30,000 square miles; Permian Basin; the Fort Worth Basin in north-central Texas; and the Onshore Gulf Coast, including various drilling trends in south Louisiana, as well as 660,000 acres of fee lands where Burlington Resources owns the mineral rights and surface lands. The company, in Canada, engages in exploration and development activities in Alberta, British Columbia, and Saskatchewan. Burlington’s International activities include exploration projects, field development projects, and production operations. Its focus areas are northwest Europe, North Africa, China, and South America. As of December 31, 2003, the company had proven reserves of 8,074 billion cubic feet of natural gas, 330.9 millions of barrels of natural gas liquids, and 282.1 millions of barrels of crude oil. Burlington Resources was formed in 1988 and is headquartered in Houston, Texas.

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