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Burlington Resources Oil & Gas Co LP history
Burlington Resources Oil & Gas Co LP company history timeline
O'Leary had joined Burlington Northern in 1982, and was charged with building up the non-railroad business of the company.
Burlington Northern sold a 13 percent stake in Burlington Resources in an initial public offering in July 1988, then distributed the remaining 87 percent to Burlington Northern stockholders five months later, on the last day of 1988.
In 1989, Burlington Resources spent $442 million on oil and gas capital expenditures; the following year, it spent $399 million to acquire all the producing properties of Unicon Producing Co., which amounted to more than 500 billion cubic feet of natural gas.
In 1992, Hurricane Andrew caused the permanent loss of 600 million cubic feet of daily gas production from the Gulf of Mexico, but Burlington Resources was not the only natural gas concern adversely affected by the storm.
In 1994, the company purchased an 87 percent interest in Diamond Shamrock Offshores Partners L.P., an offshore oil operation in the Gulf of Mexico, for $287 million from Maxus Energy Corp.
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Burlington Resources Oil & Gas Co LP competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Boardwalk Pipeline Partners | 2005 | $1.3B | 1,280 | 105 |
| Cgg | - | - | - | 14 |
| Swift Energy Company | - | $2.7M | 125 | - |
| Colonial Pipeline | 1962 | $500.0M | 700 | 35 |
| Enable Midstream | 2013 | $2.5B | 1,600 | - |
| Gulfport Energy | 1998 | $1.8B | 256 | 4 |
| Hunt Oil | 1980 | $3.5B | 2,571 | 8 |
| Kerr-McGee | - | $465.6M | - | - |
| Columbia Gas Transmission LLC | 1969 | $96.0M | 160 | - |
| Northern States Power Company | 2000 | $100.0M | 125 | - |
Burlington Resources Oil & Gas Co LP history FAQs
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Burlington Resources Oil & Gas Co LP may also be known as or be related to Burlington Resources Oil & Gas Co LP, Burlington Resources Oil & Gas Company LP and Burlington Resources Oil & Gas Company Lp.