Exploration & Production | Quarterly / Earnings Reports
Arc Resources Moves Montney Liquids Operations to Pad Drilling
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ARC Resources Ltd. reported second quarter and first half production was 93,436 boe per day and 94,449 boe per day, respectively.
Strong well performance at Pembina and higher production at Ante Creek, Parkland and Tower contributed to strong production in the first half of 2013.
Highlights: ARC spent $171.4 million in the second quarter of 2013 drilled 30 gross (29 net) wells on operated lands (20 oil wells and ten liquids-rich gas wells), 90 gross operated wells drilled in the first half of 2013 (73 oil wells, 12 liquids-rich gas wells and five natural gas wells).ARC's focus on oil and liquids development, which started in 2011, has resulted in crude oil and liquids production reaching 36,644 bbls per day (39 per cent of total production) in the second quarter of 2013 and 37,003…
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