Exploration & Production | Quarterly / Earnings Reports
ARC's Multi-Well Pad Drilling Lifts Cardium, Montney Results
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ARC Resources Ltd. has reported its third quarter 2013 operating and financial results.
Third quarter production averaged 94,515 boe per day and funds from operations were $220.4 million ($0.71 per share).
Highlights: ARC's third quarter average production of 94,515 boe per day was up six per cent from the third quarter of 2012 and year-to-date average production of 94,471 boe per day was two per cent higher than 2012. Strong performance at Pembina and higher production at Ante Creek and Parkland/Tower contributed to increased production in 2013. ARC expects fourth quarter 2013 production to increase as new pad wells are brought on production at Ante Creek. ARC expects 2013 full year production to average between 94,000 and 97,000 boe per day. During the third quarter…- ✓ Full news archive — U.S., Canada & international coverage
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