ARC Resources
ARC Resources is a Canadian oil and gas producer based in Calgary, Alberta, the second largest Canadian oil and gas trust as of 2010.[1]
 | |
| Company type | Public |
|---|---|
| TSX: ARX 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 | $974.5 million CAD (2016) |
Number of employees | 600 (2013) |
| Website | www |
History
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.
Acquisitions and Disposals
In 2000, ARC bought Startech energy in a $340 million CAD deal.[3]
In 2003, it bought Star Oil&Gas for $710 million. including the Dawson field.[4]
In 2005, it bought two oil fields in the Pembina area from Imperial Oil and ExxonMobil Canada.[5]
In 2010, ARC bought Storm Exploration Inc., the owner of the Parkland field.[1]
In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation.[6]
Areas of Operation
With operations spanning western Canada, ARC's activities include the exploration, development and production of conventional oil and natural gas reserves. As of the fourth quarter of 2016, 58% of ARC's sales revenue was from crude oil and liquids, with the remaining 42% from natural gas.[7]
ARC has operations in three core areas across Western Canada:
- NE British Columbia, including the Dawson, Parkland/Tower, and Sunrise fields [8]
- Northern Alberta, including the Ante Creek field[8]
- Pembina, in central Alberta[9]
As of the third quarter of 2017, 33% of production was from the Dawson field, 22% was from Parkland/Tower, 16% was from Sunrise, 12% was from Ante Creek, 8% was from Pembina, with the remaining 9% from other fields.[10]
External links
References
- ^ a b McIntosh, Jeff (2010-06-10). "ARC Energy buys Storm Exploration for $680-million". The Globe and Mail. Retrieved 2017-12-28.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ http://www.arcresources.com/about-us/history/
- ^ Newswires, Dow Jones (2000-12-01). "ARC Agrees to Acquire Startech Energy In Stock Deal Valued at $221.4 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-12-28.
- ^ "Canada's ARC Energy Trust to pay $710 million for Star Oil & Gas". Oil&Gas Journal. 2003-04-15. Retrieved 2017-12-28.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Arc Energy buys prize oil fields". The Toronto Star. 2005-12-05.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Calgary firm makes $700M purchase in Sask. oil patch". CBC News. 2016-11-18. Retrieved 2017-12-29.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "ARC Resources 2016 Annual Report". www.arcresources.com. Retrieved 2017-12-28.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ a b "ARC Resources Ltd. › Operations › Montney". www.arcresources.com. Retrieved 2017-12-28.
- ^ "ARC Resources Ltd. › Operations › Pembina". www.arcresources.com. Retrieved 2017-12-28.
- ^ "ARC Resources Ltd. › Operations › Operations Review". www.arcresources.com. Retrieved 2017-12-29.
 | This article about a Canadian corporation or company is a stub. You can help Wikipedia by expanding it. |
 | This article about a natural gas or petroleum-related company is a stub. You can help Wikipedia by expanding it. |
 | This Alberta-related article is a stub. You can help Wikipedia by expanding it. |
- S&P/TSX 60
- Oil companies of Canada
- Companies based in Calgary
- Energy companies established in 1996
- Non-renewable resource companies established in 1996
- 1996 establishments in Alberta
- Companies listed on the Toronto Stock Exchange
- S&P/TSX 60 Index
- Canadian companies established in 1996
- Canadian company stubs
- Petroleum company stubs
- Alberta stubs
- Calgary stubs