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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

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.


TSX:ARX - Post by User

Post by Farmer12on Oct 18, 2021 12:30pm
242 Views
Post# 34018569

Natural gas liquids

Natural gas liquidsNatural gas liquids, neglected part of the Arc production mix, should also make a significant contribution to the bottom line in Q3 and Q4. Production of NGL in Q2 was 50,020 BOEpd, with an average realized price of $22.19. If my math is correct this adds up to around $100 million per quarter, out of about $975 million total revenue. The rise in price of crude, NG and heating oil should also pull up the prices of propane, ethane, butane, etc. It is beyond my wattage to calculate the exact increase in the contribution of these NGLs to the revenue total but it should be significant. 50,000 plus barrels per day is a very large number. A lot of companies don't even have that much TOTAL production of all types.
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