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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 canneon Jan 07, 2023 12:54pm
103 Views
Post# 35208816

RE:Question is their 2023 Plan Real

RE:Question is their 2023 Plan RealThere is a news release dated Nov 4 2021 stating ARX has signed a long term gas supply agreement with a "LNG Canada participant" to supply 150mmcf/day from Sunshine whenever that facility becomes operational. I don't understand why they specify Sunshine but it may be that it is mostly dry gas. This contract would require a good deal of extra production and it has to come from somewhere. I believe they have another supply contract with a LNG exporter in the US requiring even more production in the not too distant future. Given that ARC will still be able to sell into the established market, ARC may benefit selling into an international market compared to the domestic one. ARC has been proactive in selling itself as a responsible producer of gas converting some facilities to electricity and spending money on water management.
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