ARC Resources

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ARC Resources Ltd.
Public
Traded as TSXARX
S&P/TSX 60 component
Industry Oil and gas
Founded 1996
Headquarters Calgary, Alberta, Canada
Key people
Myron Stadnyk, President & CEO
Van Dafoe, Senior Vice President & CFO
Revenue Increase $1.4382 billion CAD (2011) [1]
Number of employees
600 (2013)
Website www.arcresources.com

ARC Resources Ltd. is a conventional oil and natural gas company headquartered in Calgary, Canada.[2] ARC is currently engaged in the exploration and production of oil and natural gas across the Western Canadian Sedimentary Basin in the provinces of British Columbia, Alberta, Saskatchewan and Manitoba [3] Formed in 1996, ARC has grown production from 9,500 boe/day to over 105,000 boe/day in 2014.[4] ARC is a member of the S&P/TSX 60 Index, and its common shares are traded on the Toronto Stock Exchange under the symbol ARX.

History[edit]

ARC was founded in 1996 as a royalty trust with the acquisition of 21 properties from Mobil Oil Canada. The acquisition was funded by an initial IPO of $180 million on the Toronto Stock Exchange.[5] 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.

Operations[edit]

With operations spanning western Canada, ARC’s activities include the exploration, development and production of conventional oil and natural gas reserves. ARC targets high quality assets, typically characterized by their long-life and opportunity rich nature.[clarification needed] Currently, ARC’s production split is approximately 40 percent oil and liquids and 60 percent natural gas.[6]

ARC has operations in five core areas across Western Canada

  • NE British Columbia [7]
  • Northern Alberta [8]
  • Pembina [9]
  • South Central Alberta [10]
  • SE Saskatchewan and Manitoba [11]

External links[edit]

References[edit]

  1. ^ 2011 Audited Annual Financial Statements
  2. ^ ARC Resources website
  3. ^ http://www.arcresources.com/operations/operations-review/
  4. ^ [1]
  5. ^ http://www.arcresources.com/about-us/history/
  6. ^ http://www.arcresources.com/operations/
  7. ^ http://www.arcresources.com/operations/ne-british-columbia/
  8. ^ http://www.arcresources.com/operations/northern-alberta/
  9. ^ http://www.arcresources.com/operations/pembina/
  10. ^ http://www.arcresources.com/operations/south-central-alberta/
  11. ^ http://www.arcresources.com/operations/se-saskatchewan-manitoba/

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