Pennzoil acquired 8 percent of Burlington Resources, a new energy company with large natural gas reserves.

Burlington Resources earned $228.5 million on sales of $2.37 billion last year, according to the prospectus.

Burlington Resources will also assume about $500 million of Louisiana Land's debt.

"This brings in the development dollars we need," he said of the deal with Burlington Resources.

As of 1990, it was a subsidiary of Burlington Resources.

The fund has recently started to move back into the downtrodden energy sector, taking a large position in Burlington Resources, a leading natural gas producer.

Another favorite: Burlington Resources, of Seattle, which has large natural gas holdings.

Burlington Resources was created last May and 13 percent of its common stock was sold to the public in July.

Burlington Resources, was an American oil and gas company.

They attribute that to its acquisition, completed in March, of Burlington Resources.