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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 Dec 05, 2021 8:11pm
258 Views
Post# 34200689

NGL pricing

NGL pricingSome NGL prices,
Ethane cents/lb U.S. December 31,2020  7.1 cents, in September 30,2021 11.7 cents.Arc produces about 50,000 BOE per day x 92 days or about 4.6 million barrels per quarter of total NGLs. In October 2020 the average price for propane was $1.78 U.S. per gallon, in November 2020 $1.84 per gallon U.S. In October 2021 the average price was $2.66 U.S., in November 2021 $2.72 U.S. These NGLs should make a very positive contribution to FCF for several quarters. I don't know how many gallons of propane and ehane are contained in a BOE of NGL. Maybe someone could clarify that.
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