ARC Resources Ltd. is based in Calgary, Canada and is one of Canada's leading conventional oil and gas companies. Formed in 1996, ARC has grown from 9,566 boe/day to an expected production average of 91,000 to 94,000 boe/day in 2012. As of September 30, 2012 ARC's entreprise value was approximately $8 billion. ARC is a member of the S&P/TSX 60 Index. Previously as ARC Energy Trust, the company operated as a royalty trust from inception in 1996 until December 31, 2010. As a result of the Canadian Government's change in the tax treatment of trusts ARC converted from a trust to a corporation on January 1, 2011.