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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 Shaleguyon Dec 11, 2021 11:21am
283 Views
Post# 34221631

Makes Field Operators Know what they are doing

Makes Field Operators Know what they are doingMHP. You are right about Kakwa operations being an order of magnitude more complicated than dry gas. But I personally know most of the guys. They are some of the best I ever worked with. The action gap if you want to call it is at the CEO and VP ops level. They are the ones setting the budget and executing it. Back in 1986 through 1992 we chopped 50 percent of staff with very few operators let go. BTW under David Holt's leadership they got Opex way down with those guys. In mergers you never let the operators go. I think that's what you meant. On a positive note, Arx kept the construction super who built the last two gas plant. They were built for a million dollars per million which is work class. I almost said his name. He is the super for the Cutbank refurbishment project to make the idle Cutbank plant into a 250 mmcfod super pad. Hopefully this is part of an execution strategy to ramp up Kawka. If so they should splash this over the presentation
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