ARC Resources
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| Public | |
| Traded as | TSX: ARX S&P/TSX 60 component |
| Industry | Oil and gas |
| Founded | 1996 |
| Headquarters | Calgary, Alberta, Canada |
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Key people
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Myron Stadnyk, President & CEO Van Dafoe, Senior Vice President & CFO |
| Revenue |  $1.4382 billion CAD (2011) [1] |
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Number of employees
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600 (2013) |
| Website | www.arcresources.com |
History
ARC was founded in 1996 as a royalty trust 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.[2] The company operated as a royalty trust 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.
Areas of Operation
With operations spanning western Canada, ARC’s activities include the exploration, development and production of conventional oil and natural gas reserves. ARC targets high quality assets, typically characterized by their long-life and opportunity rich nature.[clarification needed] Currently, ARC’s production split is approximately 40 percent oil and liquids and 60 percent natural gas.[3]
ARC has operations in five core areas across Western Canada
- NE British Columbia [4]
- Northern Alberta [5]
- Pembina [6]
- South Central Alberta [7]
- SE Saskatchewan and Manitoba [8]
External links
References
- ↑ 2011 Audited Annual Financial Statements
- ↑ http://www.arcresources.com/about-us/history/
- ↑ http://www.arcresources.com/operations/
- ↑ http://www.arcresources.com/operations/ne-british-columbia/
- ↑ http://www.arcresources.com/operations/northern-alberta/
- ↑ http://www.arcresources.com/operations/pembina/
- ↑ http://www.arcresources.com/operations/south-central-alberta/
- ↑ http://www.arcresources.com/operations/se-saskatchewan-manitoba/
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