Exploration & Production
ARC Resources Reports 3Q Montney 2012 Results
Print
|
ARC Resources Ltd. is pleased to report its third quarter operating and financial results. Third quarter production was 89,511 boe per day and funds from operations were $164.9 million ($0.55 per share).
OPERATIONAL REVIEW
During the third quarter of 2012, ARC spent $133.1 million to execute its capital program. ARC drilled 29 gross (28 net) wells on operated lands. Third quarter drilling activity was focused on oil and liquids development with 100 per cent of wells drilled being oil and liquids-rich targets. Drilling activities focused on Pembina in Alberta, Goodlands in Manitoba, Tower in British Columbia, and on various oil properties throughout southeast Saskatchewan. To date in 2012, ARC has spent $417.8 million of capital and drilled 106 gross operated wells comprised of 93 oil…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…