ARC Resources Ltd T.ARX

Operational Update

[Shaleguy]

From my friends still at Arx and GP. GP is booming again but men and materials are in short supply ie. CNQ has contracted ten rigs from Ensign but Ensign can only man two rigs. Treaty 8 has shut since the June, all new work and work in progress in the general Blueberry area. As a positive move, Arx is shifting capital to Kakwa. The conversion of Cutbank will be complete in March. They are also building a large super pad nearby. Good on them. Sooooo maybe they'll deploy more rigs

[MyHoneyPot]

Shaleguy, i think i understand how super pads work, (Field Compression, Field Dehydration, Consolidation) but i thought you mentioned that the coversion of the Cut Bank gas plant was that it was going to be a big superpad? Now you tell us they are building a superpad near by, what does this mean? My understanding is that at Paramount Kakwa well pads come on so strong initially, that they usually

[Shaleguy]

So they are converting Cutbank to a super pad and building another one nearby. I would imagine they are opening up and expanding from Karr north to Cutbank. I think it means more drilling. You almost got the process right. Integral with compression is the separation of water, gas and condensate and then shipping it to the plant. The reason is maximize pipeline capacity of the products. If you don&

[MyHoneyPot]

Cutbank, Wapiti is very rich resource area, mybe not quite a good as nest2 but very liquids rich. These are very liquids rich areas, and if they pursue this they will be expanding the Kakwa resouce area quite a bit.  Lots of really good production right there.  IMHO

[Shaleguy]

Jeez where did you get this from? good stuff One of the last things they announced was that they expanded the area across the Curbank adding at least a hundred wellls. Hate to be a broken record and offend people but you are bang on. Wouldn't be nice to have a shred of info on Attachie? After reviewing it a bit, the area does have great potential but it would be nice to have a project timeline