ARC Resources Ltd. (ARC) is a Canadian energy company with operations focused in the Montney

resource play Unconventional (oil & gas) reservoirs, or unconventional resources (resource plays) are accumulations where oil & gas phases are tightly bound to the rock fabric by strong capillary forces, requiring specialised measures for evaluation and extr ...

in Alberta and northeast British Columbia. The company has been operating since 1996. ARC pays a quarterly dividend to shareholders and its common shares trade on the Toronto Stock Exchange under the symbol ARX.

History

ARC was founded in 1996 as a

royalty trust A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in petroleum, oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certai ...

with the acquisition of 21 properties from Mobil Oil Canada. The acquisition was funded by an initial IPO of $180 million on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the ...

. The company operated as a

from inception in 1996 until December 31, 2010. As a result of the Canadian Government's change in the tax treatment of trusts ARC converted from a trust to a corporation on January 1, 2011.

Acquisitions and Disposals

* In 1999, ARC acquires Starcor Energy Royalty Fund and Orion Energy Trust. * In 2001, ARC reaches $1 billion market capitalization. ARC completes the acquisition of Startech Energy Inc. for $340 million deal. * In 2003, ARC purchases Star Oil & Gas Ltd. for $710 million, including the Dawson gas field. * In 2005, ARC announces a $462 million strategic acquisition of properties in the Pembina and Redwater fields from

Imperial Oil Imperial Oil Limited (French: ''Compagnie Pétrolière Impériale Ltée'') is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. It is majority owned by American oil company ExxonMobil with around 69.6 percent o ...

and

ExxonMobil ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 3 ...

. * In 2010, ARC completes the acquisition of Storm Exploration Inc., adding the Parkland field. * In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation. * In 2021, ARC closed its strategic combination with Seven Generations Energy Ltd. in an all stock deal valued at $8.1 billion inclusive of debt. The resulting company continued to operate as ARC Resources Ltd.

Areas of Operation

With operations spanning western Canada, ARC's activities include the exploration, development and production of conventional oil and natural gas reserves. As at Q2 2021, ARC’s commodity mix was approximately 60% natural gas and 40% liquids. ARC has operations in two core areas across Western Canada: * Northeast British Columbia, including the Attachie, Greater Dawson, Parkland/Tower, and Sunrise fields *Northern Alberta, including the Ante Creek and Kakwa field

External links

Official web site

SEDAR company profile

References

Oil companies of Canada Companies based in Calgary Energy companies established in 1996 Non-renewable resource companies established in 1996 1996 establishments in Alberta Companies listed on the Toronto Stock Exchange Canadian companies established in 1996 2021 mergers and acquisitions {{Calgary-stub