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ARC Resources Lowers 2015 Capex
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ARC Resources Ltd. (ARC) has announced today that its Board of Directors has approved an $875 million capital program for 2015 directed at high value oil and liquids-rich gas development and low cost Montney natural gas assets.
ARC expects annual average production growth of approximately 10 per cent in 2015.
Myron Stadnyk, ARC's President and Chief Executive Officer, said: "We are fortunate to be rich in profitable opportunities, which create a healthy tension between capital discipline and the appropriate pace of growth while being responsive to the business environment. Our 2014 capital program established the foundation for certain long-term development projects and in 2015 we will build on that momentum by continuing to advance long-term projects and introduce new pilot projects with…
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