UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 17, 2003
BURLINGTON RESOURCES INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-9971 911413284
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(State or other Jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5051 Westheimer, Houston, Texas 77056-2124
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(Address of principal executive offices) (Zip Code)
713-624-9500
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Registrant's telephone number, including area code
Item 5. Other Events.
On November 7, 2003, the Government of Canada passed Bill C-48 which
reduces the Canadian federal income tax rate for companies in the natural
resource sector from 28 percent to 21 percent over five years beginning in 2003.
The Company had previously provided deferred income taxes in Canada at the 28
percent federal rate. The estimated impact of the lower income tax rates will be
a reduction in the deferred income tax expense and an equivalent reduction in
the deferred income tax liability of approximately $195 million to $225 million.
This non-cash reduction in deferred income tax expense and related deferred
income tax liability will be recognized in the reported financial results of the
Company in the fourth quarter of 2003. The estimated impact of the rate
reduction may change based on fourth quarter results and changes in the foreign
currency exchange rate.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BURLINGTON RESOURCES INC.
Date: November 17, 2003 By: /s/ Frederick J. Plaeger, II
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Name: Frederick J. Plaeger, II
Title: Vice President and General
Counsel