ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its 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. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.

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ARC Resources Ltd > nat gas prices up again on continuing hot weather...

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Comment by Grandcentralon Jun 28, 2021 3:31pm

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Post# 33460829

RE:nat gas prices up again on continuing hot weather...

This compliments downwithdotcom1's article. The timeline in front of us is vast. Demand isn't going anywhere, and the prices reflect the "energy wake up call" that's going on.
https://oilprice.com/Energy/Natural-Gas/Qatar-Peak-Natural-Gas-Demand-To-Occur-Around-2040.html

downwithdotcom1 wrote:

this is what is important to me-good read see below..dwdc

"U.S. natural gas prices jumped last week and early on Monday amid a tight natural gas market and expectations of high demand for electricity in hotter than usual weather in many parts of the United States.

As of 8:19 a.m. EDT on Monday, the U.S. benchmark natural gas price at the Henry Hub was trading at above $3.50 per million British thermal units (MMBtu)—at $3.549, up by 1.52 percent. This was the highest price for the prompt futures in 29 months.

On Thursday last week, the Energy Information Administration (EIA) reported net injections into storage of 55 billion cubic feet (Bcf) for the week ending June 18, lower than analysts had expected. The median estimate was 62 Bcf injection into storage of natural gas stocks. The lower-than-expected stockpiles of natural gas signaled a tighter market just as the Pacific Northwest is scorching in a heatwave and high temperatures are expected to continue into July in many parts of the U.S.

While power demand is surging in the heat waves, working natural gas stocks totaled 2,482 Bcf in the United States as of June 18, which is 17 percent lower than the year-ago level and 6 percent lower than the five-year average for this week, the EIA said on Thursday."