Burlington Resources Takes Precautionary Action at the Madden Field.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--June 20, 2003 Burlington Resources Burlington Resources, is an American oil and gas company. Their headquarters are in Houston, Texas. Based in Houston, Texas, BR has major offices located in Calgary, London, Farmington, Midland and Fort Worth. Inc. (NYSE NYSE See: New York Stock Exchange :BR)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :B) today reported that it was taking proactive measures In antiterrorism, measures taken in the preventive stage of antiterrorism designed to harden targets and detect actions before they occur. to shut-in natural gas production flow into the Madden Field's Lost Cabin Gas Plant in central Wyoming. No failures or release of product prompted this action. The company decided to shut-in all gas production into the Madden facility after localized pipe deformations were found during inspection of the field's high pressure gathering system. Engineering studies are under way to determine the cause. The field's producing wells and the treatment facility were shut-in as a precautionary safety measure. Production capacity into the plant inlet is approximately 310 million cubic feet per day (MMcfd), with approximately 210 MMcfd of treated sales gas capacity. Burlington holds a 42 percent interest in the production. These actions are not expected to affect the long-term value of this legacy asset. Additional information will be provided when the extent and duration of this precautionary shutdown can be determined. Headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , Burlington Resources is one of the world's largest independent oil and gas companies. The company has production in the U.S., Canada, the United Kingdom, Africa and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , with exploration and development programs under way in these areas as well as in China. Additional information is available on the Burlington Resources Web site at www.br-inc.com. FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected is included in the company's periodic reports filed with the Securities and Exchange Commission. |
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