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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]
Meridian changed its name to Burlington Resources Oil and Gas Company, LP, in 1996, prior to being acquired by ConocoPhillips in 2006. [ 2 ] [ 3 ] The Trust pays a relatively high dividend, yielding an annual rate of 12.4% in early 2008; in addition, it pays out monthly, a relative rarity for U.S. stocks.
The El Paso Company, as it became known in the 1970s, ceased to exist as an independent corporation in 1983. The company was purchased by Burlington Northern Inc. and became a 100-percent-owned subsidiary. Burlington was a $9 billion conglomerate active in mineral development, timber and forest products, and rail carrier systems.
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year ...
The proposal comes three weeks before President-elect Donald Trump, who has vowed to step up domestic oil and gas production, succeeds President Joe Biden, a Democrat who has sought to conserve ...
The acquisition increased the company's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico. [21] [22] In 2017, the company formed a joint venture with The Carlyle Group to develop oil and gas assets in Ellis County, Oklahoma. [23]
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