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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

Comment by Shaleguyon Jan 02, 2022 5:45pm
230 Views
Post# 34277773

RE:RE:RE:Question for 2022

RE:RE:RE:Question for 2022Hi trapped. I worked in Ab and BC in the patch for thirty five years. I retired six years ago after 35 Years. You are right about Ab as it was a company negotiation with each band. At Kakwa there were four And then you had to submit joint letters to the AER, or the ERCB as it was historically known as. In after about 2010, BC had a well levy for each well drilled that was distributed to Fans. Treaty 8 and the SCC decision is way different. One of the big complaints first Nations and environmentalists had against companies was cumulative impact. We'd say we're going to drill 20 wells and build a small gas plant when really there 2,000 wells and many facilities.. The treaty eight decision allows for FNs to have input (approval?)over cumulative impact. So all roads, pipelines, and plants will have to approved. Industry won't get away with paying out on 50 million dollar project but the total capital over the life of the development, which at Attached. Is 600 million plus all future capital. So rather than a few contracts we could be looking at hundreds of million dollars or cut of royalties in extreme. They have the hammer and all new work. To make a bank analogy, if I owe the babk a million dollars I've got a problem. If a company has uncovered debt of a billion the bank has a problem. Right now industry has a problem, and the worst part it's out of their control. FYI oil companies hate not having control.
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