Operator · Cardium Shale, Montney Shale & Viking Play
Arc Resources Ltd.
37 articles mentioning Arc Resources Ltd. · Page 1 of 2
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 — now with a 2026 plan that explicitly...
ARC Resources, 7Gen Seal $8.1B Merger Deal
ARC Resources Ltd. has sealed its $8.1 billion acquisition of Seven Generations Energy. ARC is now Canada’s largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company. Portfolio As the largest pure-play Montney producer,...
Shareholders of Arc, 7Gen Approve Pending Merger Deal
Shareholdres of both ARC Resources Ltd. and Seven Generations Energy Ltd. have voted in approval of the merger deal between the two companies. The Business Combination is expected to be completed on or about April 6,...
Arc Resources 2021 Plan; Fourth Quarter, Full Year 2020 Results
ARC Resources Ltd. reported its fourth quarter and year-end 2020 financial and operational results as well as its year-end 2020 reserves results. 2021 Outlook ARC’s capital budget for 2021 will range from $375 million to $425...
After Unveiling $8.1B Merger Plan, ARC Resources, 7Gen ID 2021 Capex
Upon announcing a $8.1 million merger deal on February 11, ARC Resources Ltd. and Seven Generations Energy Ltd. have detailed their pro forma 2021 capital plan. 2021 Plan Details Capex: $1.0-1.1 billion This is flat from...
ARC Resources Third Quarter 2020 Results, 2021 Guidance
ARC Resources reported its Q3 2020 results. 2021 Budget Overview The Board has approved a capital budget for 2021 that will range from $375 million to $425 million and focus on maximizing the generation of surplus...
Montney Operator Ups 2019 Drilling & Completion Program
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...
Arc Resources Reports Q2 2019 Results, Ops Update
ARC Resources Ltd. reported its Q2 2019 results. Ops Review ARC's position in the Montney resource play is made up of approximately 1,100 net sections of land (approximately 707,000 net acres), with production from these assets...
Arc Resources Cuts 2019 Budget by $75MM; IDs Preliminary 2020 Capex
ARC Resources Ltd. has reduced its 2019 capital expenditure program, from $775 million to $700 million - a reduction of -10%. CEO Myron Stadnyk cited the reason as lower commodity prices: "At this time, we feel...
Arc Resources Talks Q1 2019 Results
ARC Resources Ltd. reported its first quarter 2019 financial and operational results. "ARC advanced several key projects in the first quarter of 2019, including obtaining regulatory approval for multiple phases of development at Attachie West, an...
Condensate Price Drives Montney Producer to Increase Production Guidance for 2018
Arc Resources released its Q3 results where it discussed highlights from the quarter and outlined its budget for 2018. Highlights include: Total average daily production for Q3 was 129,526 boe/d, a 14.2% increase from Q2 production...
Montney E&P Ups Capex to $830 Million for 2017
ARC Resources reported its Q2 2017 results. Highlights include: Increased Capital Budget for 2017: The company has increased its budget to $830 million (up +11% from $750 million). The majority of the budget is earmarked for...
Eight (8) Canada E&Ps; to Drill 500 Wells in 2017
So far in 2016, 8 major drillers in the Montney Shale have announced expanded drilling programs for 2017.
Montney E&P Bumps Up Spending Nearly 50% for 2017
The company has planned a 2017 budget of...
Arc Resources Slims Down 2016 Budget; Talks 4Q Results
ARC achieved fourth quarter 2015 production of 119,243 boe per day, which was within the fourth quarter guidance range of 118,000 to 122,000 boe per day.
26 Canadian E&P's: 2016 Capex Plans
These 26 companies will remove $8 Billion from the E&P service sector in Canada.
ARC Resources IDs 2016 Drilling Plans; Cash Flow
Assuming 2016 capital program of ~$600 mm, ARC expects full-year 2016 production in the range of 122,000 to 126,000 boepd.
ARC Resources Again Lowers Capex, Moderates Guidance for 2015
Reduction to ARC's 2015 capital program to ~$550 mm.
ARC Resources Funding Capex for 2015
The net proceeds will be used to temporarily reduce bank indebtedness, increase working capital and to fund ongoing capital expenditure programs.
ARC Resources Raises Capital, Lowers 2015 Budget
$750 million capital program in 2015, reduced from the previously announced $875 million.