ARC Resources

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ARC Resources Ltd.
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)


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.[2] 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.

Areas of Operation[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.[3]

ARC has operations in five core areas across Western Canada

  • NE British Columbia [4]
  • Northern Alberta [5]
  • Pembina [6]
  • South Central Alberta [7]
  • SE Saskatchewan and Manitoba [8]

External links[edit]