ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

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.

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ARC Resources Ltd

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Post by downwithdotcom1on Feb 09, 2023 5:34pm

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Post# 35278344

average nat gas $8.31 per MCF..say no more..

FROM the release, see below..dwdc

ARC delivered record average production of 359,730 boe(1)(2) per day (61 per cent natural gas and 39 per cent crude oil and liquids). Production per share(3) increased 16 per cent year-over-year and was in-line with Company guidance despite weather related downtime in December.
ARC generated free funds flow of $603 million(4) ($0.96 per share)(5), funds from operations of $986 million(6) ($1.56 per share)(7) and cash flow from operating activities of $878 million in the fourth quarter. ARC invested $383 million into capital expenditures(4), in-line with Company guidance.
ARC's market diversification strategy resulted in an average realized natural gas price of $8.31 per Mcf(7); $2.73 per Mcf, or 49 per cent, greater than the average AECO 7A Monthly Index price.