Pilgrim Petroleum Corporation, an oil and gas exploration and development (E&P) company, engages in the acquisition, development, and operation of oil and gas properties in the United States. The company primarily holds interests in the Barnett Shale formations located in the Fort Worth Basin, as well as in the properties located in the Bend Arch-Fort Worth Basin Province. It also provides well services to small and medium E&P companies. The company was formerly known as BNP Petroleum Corp. and changed its name to Pilgrim Petroleum Corporation in July 2005. Pilgrim Petroleum Corporation was incorporated in 1998 and is based in Addison, Texas.