It was established in 1995 by Universidad San Francisco de Quito in collaboration with Boston University, and is jointly managed by them as a center of education, research and conservation.
A higher diversity of reptiles, amphibians, insects, birds and bats has been found there than anywhere else in South America, and possibly the world.
Its location near the Tiputini River provides a remote locale for ecological research on the Eastern Ecuadorian Amazon habitats of the Yasuní Biosphere Reserve.
Though consisting mainly of primary non-flooded forest, a rather narrow belt of flooded vegetation is also present towards the river, the stream tributaries and the surroundings of a small oxbow lake.
Because of its remote location and agreements with local indigenous groups, no hunting of large mammals has occurred in the area and it is possible to habituate and study primates that are difficult to observe elsewhere.
The discovery of further oil deposits in the region has put the station at risk from nearby development of petroleum extraction and transport infrastructure, though the impacts may be mitigated somewhat by voluntary concessions by the management company.
Four cabins are for the head researchers and employees that work there full-time and include 2 beds and a full bath.
The other 5 cabins are for additional researchers and student groups that visit and include bunk beds and a full bath.
These local people have not yet shown any malcontent toward the workers at the TBS and in fact a few stop by the station to ask for food or other supplies.
Today some Huaorani can be found in villages along the side of the roads established by oil companies, but others still live in the deep jungle.