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Montney Pad Drilling Paying Dividends for Arc Resources
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ARC Resources Ltd. has reported its second quarter 2014 operating and financial results.
Second quarter production averaged a record 110,165 boe per day and funds from operations were a record $295.8 million ($0.93 per share).
Financial and Operational Highlights: ARC achieved record second quarter production of 110,165 boe per day, 18 per cent higher than the second quarter of 2013 and four per cent higher than the first quarter of 2014. First half production of 107,944 boe per day was 14 per cent higher than the first half of 2013. Higher second quarter and first half production was primarily attributed to production from new wells at Parkland/Tower and Sunrise, as well as continued strong production at Ante Creek. ARC expects production to increase over the course of 2014 as…- ✓ Full news archive — U.S., Canada & international coverage
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