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ARC Resources Plans Near Billion-Dollar Budget for 2014
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ARC Resources Ltd. has reported its fourth quarter 2013 operating and financial results.
Fourth quarter production averaged 100,883 boe per day and funds from operations were $237.8 million.
Financial and Operational Highlights ARC achieved record fourth quarter and full year average production of 100,883 boe per day and 96,087 boe per day, respectively. Fourth quarter production was up five per cent from the fourth quarter of 2012 and full year 2013 average production was three per cent higher than 2012. Higher production at Ante Creek and Parkland/Tower along with strong performance at Pembina contributed to the increase in 2013. ARC's fourth quarter oil and liquids production reached a record 40,990 barrels per day, nine per cent higher than the fourth quarter of 2012. ARC's fourth…- ✓ Full news archive — U.S., Canada & international coverage
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