Burlington Resources Company News

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Biden Admin Issues 30+ Drilling Permits
The Biden administration has issued at least 31 new drilling permits authorizing operations on federal land and coastal waters.
7:00 PM EST | January 26, 2021
Repsol Finds Gas in Peru's Block 57
Repsol has made a new gas discovery in Peru in the exploratory well Kinteroni X1 of block 57, situated in the Cuzco area.
7:00 PM EST | January 13, 2008
Burlington Signs E&P Contracts for Blocks 123, 124
Peru's hydrocarbons promotions agency Perupetro has signed two E&P contracts with the Peruvian subsidiary of US oil company Burlington Resources for blocks 123 and 124 in Loreto department's Marañón basin, Perupetro said in a statement.
8:00 PM EST | October 01, 2006
ConocoPhillips Reports Q2 Net Income of $5.2 Billion
ConocoPhillips said that it earned second-quarter net income of $5,186 million, or $3.09 per share, compared to $3,138 million, or $2.21 per share, for the same quarter in 2005.
8:00 PM EST | July 25, 2006
Gasco Secures Wyoming Partner, Permits Hilliard Test
Gasco Energy, Inc. on Tuesday provided an interim operations update on its Riverbend Project in Utah's Uinta Basin and on its Wyoming Projects in the Green River Basin.
8:00 PM EST | July 10, 2006
A Tug-of-War in the Oil Patch
Major oil companies, facing declining output from mature fields, have been finding it difficult to increase oil and natural-gas production for some time. That task could become even trickier.
8:00 PM EST | May 03, 2006
Ecuador, Oil Companies Begin Contract Renegotiation Process
Ecuador's government began renegotiating existing oil contracts this week and aims to complete the process within 45 days, Ecuador's energy ministry spokesperson Fernando Proano said.
8:00 PM EST | April 20, 2006
Ahlstrom Joins Noble's Management Team
Noble Corp. announced that Lee M. Ahlstrom, 38, will join Noble as Vice President of Investor Relations and Planning of Noble Drilling Services Inc. effective May 1, 2006.
8:00 PM EST | April 16, 2006
ConocoPhillips Finalizes Burlington Merger
ConocoPhillips announced that it has completed its acquisition of Burlington Resources following approval by Burlington's shareholders on Thursday.
7:00 PM EST | March 30, 2006
Armitage, Shackouls, and Wade Join ConocoPhillips' Board
ConocoPhillips' board has elected Richard L. Armitage, Bobby S. Shackouls, and William E. Wade, Jr. as new outside directors. The total number of ConocoPhillips directors now stands at 18, of which 17 are outside directors.
7:00 PM EST | March 30, 2006
Burlington Stockholders Okay ConocoPhillips Merger
Burlington Resources reports that its stockholders have approved the proposed merger with ConocoPhillips. The merger is expected to close on Friday.
7:00 PM EST | March 29, 2006
Analysts: Upstream M&A Booming, But North American Share Declines
Upstream merger and acquisition activity is booming, with 2005 spending on corporate acquisitions more than tripling to $120 billion as the corporate deal count rose 40% year-over-year.
7:00 PM EST | March 28, 2006
Initial Engineering and Design Contract Awarded for El Merk
Sonatrach and Anadarko announced that Brown & Root--Condor has won an initial engineering and detailed design contract for the proposed El Merk development in Algeria.
7:00 PM EST | March 15, 2006
HSR Waiting Period Expires in ConocoPhillips' Acquisition of Burlington
ConocoPhillips and Burlington Resources report the expiration of the waiting period under the Hart-Scott-Rodino Act applicable to ConocoPhillips' proposed acquisition of Burlington.
7:00 PM EST | February 21, 2006
Burlington Resources Says 4Q05 Earnings at $927 Million
Burlington Resources says estimated fourth-quarter earnings were $927 million, or $2.45 per diluted share, including after-tax charges of $0.09 per diluted share for impairment of natural gas properties in China, $0.09 per share for various compen
7:00 PM EST | January 25, 2006
Pace of E&P Acquisitions, Upstream Investment Expected to Pick Up
With so much money on the table and no other logical outcome, the pace of mergers and acquisitions among O&G firms will pick up again this year, and capital investment in the upstream sector will grow by at least 25%, according to a report by Herold.
7:00 PM EST | January 05, 2006
ConocoPhillips to Acquire Burlington Resources in $35.6 Billion Deal
ConocoPhillips and Burlington Resources Inc.have signed a definitive agreement under which ConocoPhillips will acquire Burlington Resources in a transaction valued at $35.6 billion.
7:00 PM EST | December 12, 2005
Analysts Predict Accelerated E&P Consolidation Will Continue
The rumor that ConocoPhillips has its eye on Burlington Resources shows that the acceleration of merger and acquisition activity this year is likely to continue, according to analysts at Raymond James & Associates.
7:00 PM EST | December 11, 2005
Burlington Resources Ups Stake in Bossier Trend Acreage
Burlington Resources has reached agreement to acquire substantially all the assets of a privately held company that is a co-owner with Burlington in the prolific Savell Field in the Bossier trend of East Texas.
7:00 PM EST | November 14, 2005
Burlington Says 3Q05 Production on Lower End of Guidance Range
Burlington Resources updated guidance on expected third-quarter production volumes.
8:00 PM EST | October 09, 2005
Burlington Resources Says 140 Mmcfed Gulf of Mexico Production Shut-in
Burlington Resources reports that approximately 140 million net cubic feet per day of natural gas equivalent production (MMcfed) is currently shut-in as a result of Hurricane Rita, down from a maximum storm-related curtailment of 180 MMcfed.
8:00 PM EST | September 25, 2005
Burlington Resources Confirms Minimal Damage Due to Hurricane Katrina
Burlington Resources reports that its facilities in South Louisiana had sustained little apparent damage due to Hurricane Katrina's passage through the area.
8:00 PM EST | September 05, 2005
Burlington Resources Increases Quarterly Dividend on Common Stock
The board of directors of Burlington Resources declared a quarterly dividend of 10 cents per share on the company's common stock, which represents a 1.5 cent or approximately 18 percent increase in the dividend.
8:00 PM EST | July 26, 2005
Burlington Resources Declares Dividend
Burlington Resources declared a quarterly dividend of 8.5 cents per share.
8:00 PM EST | April 26, 2005
The Peak Group Wins Key Irish Sea Well Contract
The Peak Group has secured a major contract with Burlington Resources Irish Sea Limited for the planning and management of three gas wells in the East Irish Sea.
7:00 PM EST | February 13, 2005
Burlington Resources Announces 2004 Results
Burlington Resources announced estimated fourth-quarter 2004 earnings of $400 million, or $1.02 per diluted share.
7:00 PM EST | January 26, 2005
Burlington Resources Declares Dividend on Common Stock
Burlington Resources declared a quarterly dividend of 8.5 cents per share on the company's common stock.
7:00 PM EST | January 25, 2005
Burlington Resources Provides Interim Update
Burlington Resources announced several interim financial and operational updates. These updates may differ from actual results for the fourth quarter and full year of 2004, which will be reported on Jan. 26, 2005.
7:00 PM EST | January 12, 2005
Global, Burlington to Invest US$70mn in Peru Blocks 95, 104
Peru's hydrocarbons investment agency Perupetro expects the Global Energy Development and Burlington Resources to invest a combined US $70mn to explore two blocks in the northern Maranon basin,
7:00 PM EST | December 19, 2004
Burlington Resources Announces 2005 Capital Budget
Burlington Resources announced plans for capital investments of approximately $2.0 billion during 2005, compared to estimated expenditures of $1.8 billion during 2004, which included approximately $85 million in capital for acquisitions.
7:00 PM EST | December 07, 2004
Burlington Reports 46 Percent Increase in 3Q04 Earnings
Burlington Resources reported estimated earnings of $389 million, or $0.98 per diluted share, during the third quarter of 2004, a new quarterly earnings record for the company.
8:00 PM EST | October 20, 2004
Burlington Resources Declares Dividend
Burlington Resources declared a quarterly dividend of 8.5 cents per share on the company's common stock.
8:00 PM EST | October 19, 2004
Burlington Resources Relinquishes Alaskan Leases
Burlington Resources has abandoned 32 leases it acquired in Alaska's first area-wide North Slope Foothills lease sale in 2001.
8:00 PM EST | August 22, 2004
Burlington Increases Quarterly Dividend on Common Stock
Burlington Resources declared a quarterly dividend of 8.5 cents per share on the company's common stock, which represents a one-cent or approximately 13 percent increase in the dividend.
8:00 PM EST | July 20, 2004
Burlington Reports Record Production & Earnings Increase
Burlington Resources reported estimated earnings during the first quarter of 2004 of $354 million, or $1.78 per diluted share, a 32 percent increase over the $269 million, or $1.33 per diluted share, earned during the first quarter of 2003.
8:00 PM EST | April 21, 2004
Burlington Resources Confirms 2-for-1 Split of Common Stock
Burlington Resources said that its stockholders approved an amendment to the company's Certificate of Incorporation to increase the number of authorized shares of the company's common stock to 650 million shares from the current level of 325 million shares.
8:00 PM EST | April 20, 2004
Burlington Resources Declares Quarterly Dividend on Common S
The board of directors of Burlington Resources declared a quarterly dividend of 15 cents per share on the company's common stock on a current-share basis, or 7.5 cents per share on a post-split basis.
8:00 PM EST | April 20, 2004
Burlington Says Startup of Rivers Field Delayed
Natural gas production from the Rivers field in the Irish Sea is not expected to start for another few weeks.
7:00 PM EST | March 03, 2004
Burlington Gets Okay to Develop China's Bajiaochang Gas Fld
Burlington has received official approval from China's State Development and Reform Commission to develop the Bajiaochang Gas Field in Sichuan Province.
7:00 PM EST | February 26, 2004
ATP Resolves Litigation with Burlington and Legacy
ATP Oil & Gas reports that both litigation matters addressed in its SEC filings have been resolved.
7:00 PM EST | December 28, 2003
Burlington Projects Flat Capital Investments of $1.5 Billion
Burlington Resources announced plans for capital investments of approximately $1.5 billion during 2004, compared to roughly $1.5 billion in currently projected 2003 capital investments.
7:00 PM EST | December 17, 2003
Burlington Pulls Out of Block 64 in Peru
Burlington Resources is awaiting formal approval from Peru's energy and mines ministry to withdraw from block 64 because of indigenous opposition to exploration.
7:00 PM EST | December 07, 2003
UK DTI Offers Burlington Resources Two Irish Sea Blocks
Energy Minister Stephen Timms offered a licence to Burlington Resources who had requested the Blocks to be made available "Out of Round".
7:00 PM EST | November 04, 2003
CNOOC Begins Production at Panyu Fld in the South China Sea
CNOOC and its partners have started commercial production from oilfield PY 4-2/5-1 in the Eastern South China Sea.
8:00 PM EST | October 07, 2003
Baker Energy Wins Algerian Contract from Burlington
Baker Energy has been awarded a multi-year, multi-million dollar contract by Burlington Resources to provide operations and maintenance support personnel for Burlington's oil and gas production facilities in Block 405a of the Sahara Desert in Algeria.
8:00 PM EST | July 09, 2003
Burlington Begins Production from MLN Field in Algeria
Burlington Resources has commenced oil production from the Menzel Lejmat North Field in Algeria, along with initial commissioning of the field's oil processing and storage facilities.
8:00 PM EST | July 06, 2003
Burlington Resumes Partial Production for Madden Field
Burlington Resources says that partial production has resumed at the Madden Field from two of the six Madden Deep wells, and the Train II unit at the Lost Cabin Processing Plant has restarted.
8:00 PM EST | July 06, 2003
Burlington Resources Shuts Down Production at Madden Field
Burlington Resources has taken precautionary measures to shut-in natural gas production flow into the Madden Field's Lost Cabin Gas Plant in central Wyoming.
8:00 PM EST | June 19, 2003
Marathon Sells Stake in CLAM Petroleum
Marathon Oil has agreed to sell Burlington Resources it's interest in CLAM Petroleum B. V. (CLAM) for approximately $100 million, which includes approximately $15 million for working capital.
8:00 PM EST | May 13, 2003
Chevron Canada Makes Gas Discovery at Mackenzie Delta
Chevron Canada reports that the North Langley K-30 well in the Mackenzie Delta has encountered commercial quantities of natural gas.
8:00 PM EST | April 23, 2003