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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

Energy Oil & Gas E&P
ARC Resources Ltd. is a Canada-based energy company. The Company's activities are focused on the exploration, development, and production of unconventional natural gas, condensate, Natural gas liquids (NGLs), and crude oil in western Canada. The Company's assets are located in the Montney region in Alberta and northeast British Columbia. The Company’s operations in Alberta are located near Grande Prairie and the region includes Kawka and Ante Creek. Kawka is a premium condensate-rich and high-deliverability natural gas play with top-tier development opportunities. The Company’s operations in northeast British Columbia feature low-emissions assets and are strategically connected to third-party egress and hydroelectricity. The Company’s operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland 3-9.


TSX:ARX - Post by User

ARC Resources Ltd
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Post by TimeBuilderon Aug 28, 2022 2:10pm
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Post# 34925401

Nat Gas pricing comments >>>

Nat Gas pricing comments >>>

Natural Gas Prices Rise

09:38 AM EDT, 08/26/2022 (MT Newswires) -- Benchmark natural gas moved higher early on Friday even as long-term forecasts cooled and a day-prior report showed inventories rose more than expected last week.

Gas for September delivery was last seen up US$0.14 to US$9.52 per million British thermal units.

The rise comes even after the Energy Information Administration on Thursday reported inventories stored for winter use rose by 60-billion cubic feet last week, ahead of expectations for a rise of aroud 58 bcf. The rise left inventories 12% under the five-year average.

The price of the fuel pushed above the US$9.00 mark this week in sympathy with record European prices, as Russia continues to withhold gas supplies to the continent, even as the Freeport LNG export plant said repairs following a June fire will keep it closed longer than expected, continuing to free two-billion cubic feet of gas per day for the domestic market.

Long-term forecasts from the National Weather Service see temperatures running at or below seasonal averages for the next six to 10 days, easing demand for electricity to power air conditioners.


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