The Board has approved a preliminary capital budget of $1.8 billion. The budget was designed with profitable growth and capital discipline in mind, and includes an updated framework that allows capital returns to increase as net debt approaches ARC’s long-term target.
ARC delivered first quarter 2022 production of 344,447 boe(1)(2) per day (62 per cent natural gas and 38 per cent crude oil and liquids).
ARC Resources Ltd. Q3 2021 results includes 2022 budget. Includes detailed drilling report.
ARC Resources has earned its place as a leading Canadian oil and gas company. Our operations are focused in the Montney region in Alberta and northeast British Columbia. Our high-quality assets are responsibly developed and have significant growth potential, positioning us well today and into the future.
ARC’s capital budget guidance for 2021 will range from $375 million to $425 million & daily production of between 158,000 boe per day and 165,000 boe per day in 2021
