Agenda 1. Vision & Strategy 2. ARC?s ESG Journey 3. Approach and Foundations of Sustainability 4. Governance Practices 5. Environmental Practices 6. Social Practices 7. Dawson Phase III Case Study 8. Summary
ARC?s Vision We are: A leading energy producer Results-focused through risk-managed value creation Committed to superior long-term financial results We: Apply unique expertise and discipline Recognize leadership development as…
Consistent and Sustainable Strategy Leadership in ESG Is Integral to ARC?s Business RISKMANAGED VALUE CREATION Financial Flexibility HSE and Operational Excellence Top Talent and Strong Leadership Culture High-Quality,…
Risk-Managed Value Creation Building Our Business in a Responsible Manner 0 30,000 60,000 90,000 120,000 150,000 boe/day Production Profile Non-Montney Crude Oil & Liquids (bbl/day) Montney Crude Oil & Liquids (bbl/day)…
0% 25% 50% 75% 100% 2009 2010 2011 2012 2013 2014 2015 2016 Q1 2017 Production Split Base Montney Transitioning to the Montney ? Strategic portfolio management enables purposeful operational efficiency and environmental…
1996 2005 2000 1999 2002 ? Introduced initiatives to reduce flared gas streams (vapor recovery units and emissions-free dehy systems) ? Began reporting GHG emissions to Canada?s Climate Change Voluntary Challenge and Registry…
2007 2009 2012 2008 2011 ARC?s ESG Journey Our Second Decade 2016 ? Began voluntarily reporting emissions to CDP ? Included in Jantzi Social Index ? Published first Sustainability Report ? Built bio-remediation facility in…
Why ESG Is Important to ARC ARC?s Leadership Culture Is Reflected in Its ESG Practices ? Our operators and contractors live in the communities in which we operate ? We look to develop resources in the most efficient manner while…
Foundations of Sustainability At ARC, We Are Innovators, Technical Experts and Responsible Members of the Community Maintaining Our Social License to Operate Corporate Governance & Ethical Business Practices Environment & Climate…
Measuring Our ESG Performance How we currently measure our ESG performance: ? Establish baselines and set internal targets ? Continuous improvements to our data collection processes ? Voluntary reporting to the Carbon Disclosure…
Governance Structure ? Board of Directors provides oversight on a variety of issues, including financial, operational, social, health and safety and environmental ? The Board of Directors has six committees, four of which address ESG…
Good Governance in Action ? Timely, factual and accurate disclosure in accordance with all applicable legal and regulatory requirements ? Examples of good governance include: ? Best practices for proxy circular disclosure ? Provide…
Evaluating Risks to the Business ? Deliberate, proactive approach to risk management across all facets of the business ? General categories include Strategy, Culture, Business Environment, Operations, Reserves, Systems ? Regular…
Environmental Practices ARC Is Committed to the Responsible Development of Our Resources Environment & Climate Practices Energy Efficiency Use of Technology to Reduce Emissions Engage in R&D of Emerging Lowemissions Technology…
Minimizing Our Footprint ? Highly-efficient, Multi-layer Development in the Montney Is Reducing ARC?s Overall Footprint ? ARC?s future development plans include 16-well to 24-well pad designs at Dawson, Sunrise and Tower ? Operational…
Drilling & Completions Activities Implementing New Technologies to Minimize Air and Land Disturbances ? Industry-leading cutting waste management program ? Dual-lined C-rings limits frequency of releases ? Double-lined casings to…
Water Management ? Integrating water needs and compatibility studies into long-term development plans ? Montney Water Group supports water usage from other E&Ps? underutilized water sources ? Flowback pipeline infrastructure reduces…
Site Assessment & Reclamation Returning Land to Our Stakeholders in a Responsible Manner 5 8 8 21 28 0 500 1,000 1,500 2,000 2,500 2011 2012 2013 2014 2015 Number of Wells Reclamation Statistics Number of Non-producing…
Health and Safety ARC Is Committed to an Injury-free Workplace for Employees and Contractors ARC is committed to providing a safe work environment to employees and contractors 0 0 EMPLOYEES CONTRACTORS LOST-TIME INCIDENTS in 2016…
Stakeholder Engagement ? Committed to developing and fostering meaningful relationships with our stakeholders ? Engages with stakeholders throughout the planning, development, operations and reclamation stages ? Promotes innovative…
2016 Economic Contribution Supporting the Creation of Strong Communities through Economic Activity in Western Canada
Committed Employees ? ARC offers field operators full-time employment and is committed to providing them a safe working environment ? Employees are offered mentoring and cross-functional role changes ? Students and new graduates are…
Dawson Phase III Case Study Investment Decision & Sanctioning Plant Design Government Applications & Regulatory Approvals Landowner and Community Engagement Plant & Infrastructure Construction Drilling & Completions…
Dawson Phase III Case Study Numerous ESG Considerations Integrated Into Development of Dawson Phase III Zero Continuous Flaring Fuel Gas Pipeline Infrastructure Waste Heat Recovery Flowback Pipeline Infrastructure ? Wells pads…
Summary ? The key to ARC?s commitment is a leadership culture ? Our results demonstrate that ARC is viewed as a responsible member of the community ARC Has Been Committed to ESG Practices Since Inception
($ millions, except per share amounts) 2017 2016 2015 FINANCIAL Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Sales of crude oil, natural gas, condensate, NGLs and other income 309.2 331.8 265.6 234.9 231.2 285.9 279.5 321.7 Per share, basic 0.88 0.94 0.76…
Total capital expenditures, including undeveloped land purchases 260.4 161.9 122.5 112.6 59.1 154.1 164.8 98.5 Acquisitions 0.2 14.6 31.6 111.6 15.1 0.3 ? 14.1 Dispositions ? (702.1) (0.3) (3.0) ? (42.2) (20.7) (14.9) Total capital…
DIRECTORS Harold N. Kvisle (1) Chairman Myron M. Stadnyk President and Chief Executive Officer David R. Collyer (2) (3) John P. Dielwart (2) (4) Fred J. Dyment (1) (3) Timothy J. Hearn (1) (5) James C. Houck (4) (6) Kathleen…
OFFICERS Myron M. Stadnyk President and Chief Executive Officer Terry M. Anderson Senior Vice President and Chief Operating Officer P. Van R. Dafoe Senior Vice President and Chief Financial Officer Bevin M. Wirzba Senior Vice…
Loading...
