TSX:ARX - Post Discussion
Post by
andy604 on Sep 26, 2024 12:07am
BOE Report
In a remarkable display, ARC Resources had 11 of the top 15 oil/condensate wells in Alberta for the month of August. These wells all come from the condensate rich Karr/Kakwa area originally acquired through the company’s merger with Seven Generations. These wells had condensate rates ranging from 1,134 – 1,650 bbl/d, plus associated gas. - One of the most active Montney operators in Canada, ARC has brought 110 Montney wells on production this year, 51 of those in Alberta. The most recent well brought on production to make this top well list was June 7th, 2024. Considering ARC has brought another 20 Alberta Montney wells on production since that date, it’s possible that ARC may have a strong showing on these monthly reports for several months to come. See the location of all Alberta wells brought on production by ARC in 2024 in Figure 2 below.
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