Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Drilling Program - Wells | Drilling Activity | Capital Expenditure - 2019
Montney Operator Ups 2019 Drilling & Completion Program
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ARC Resources reported its 2Q 2019 Development program
During the period, ARC adjusted its planned 2019 capital expenditure program from $775 million to $700 million. The adjusted capital expenditure program is consistent with ARC's principles to maintain a strong balance sheet, deliver a sustainable dividend to shareholders, and demonstrate capital discipline amidst a volatile commodity price backdrop.
Revised Capital & Drilling ProgramThe 2019 capital program advances construction of the Dawson Phase IV gas processing and liquids-handling facility, the Company's next major development project, which is anticipated to be brought on-stream in the second quarter of 2020. ARC plans to maintain production through existing facility infrastructure at or near capacity in 2019, with annual…
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