Quality Assets – The Backbone of ARC's Success Quality assets are the backbone of ARC’s success. Prior to acquisition, properties must meet specific characteristics to ensure a strong fit within the Trust’s asset portfolio. Once acquired, ARC’s technical teams begin work on assimilation of a property – applying technical expertise to improve production, increase reserves through low risk development activities and reduce costs. The result is a group of strong focus areas characterized by stable production, a portfolio of long-life reserves balanced between oil and gas with low operating costs and high netbacks. Recent Acquisitions and Dispositions
Quality Assets – The Backbone of ARC's Success
Quality assets are the backbone of ARC’s success. Prior to acquisition, properties must meet specific characteristics to ensure a strong fit within the Trust’s asset portfolio. Once acquired, ARC’s technical teams begin work on assimilation of a property – applying technical expertise to improve production, increase reserves through low risk development activities and reduce costs. The result is a group of strong focus areas characterized by stable production, a portfolio of long-life reserves balanced between oil and gas with low operating costs and high netbacks.
Recent Acquisitions and Dispositions
Virtual Field Tour 2007Learn more about ARC Resources with this online video experience.
Capital Spending and Internal Development – Key to Recent Success
Production volumes averaged 66,976 boe per day in the first quarter of 2008 up four per cent from the same period in 2007. The Dawson area produced 7,250 boe per day throughout the first quarter as a result of wells drilled in 2007 that were brought on stream in December 2007 once the new West Doe third party processing facility was brought on-line. Strong operational performance has resulted in increased volumes in southeast Saskatchewan and the Pouce Coupe area. Looking ahead to the second quarter, the Trust is anticipating a decrease in volumes resulting from scheduled turnarounds, including a planned turnaround at Redwater which is expected to shut in production of 4,100 boe per day for at least 15 days in June 2008. A turnaround of this magnitude has not been completed for several years at Redwater and there is uncertainty as to the amount of time that will be required to complete all the necessary work. At this time, the Trust is maintaining its annual production guidance of 63,000 boe per day and will plan to reforecast full year volumes in conjunction with the second quarter release.
Production
Crude Oil (bbl/d)
29,064
204.3
3,856
66,976
51
49
Property Summary
(Boe @ 6:1)The following table summarizes the Trust's production by core area at Q1 end 2008.
Core Areas (1)
Total(boe/d)
Oil(bbls/d)
Natural Gas(mmcf/d)
NGL (bbls/d)
Central Alberta
7,770
1,460
30.3
1,263
Northern Alberta and B.C.
23,474
5,906
96.4
1,500
Pembina & Redwater
13,998
9,460
21.6
938
Southeast Alberta and Southwest Sask.
10,041
985
54.2
16
Southeast Saskatchewan
11,693
11,253
1.8
139
Total
(1) Provincial references: A.B. is Alberta, B.C. is British Columbia, Sask. is Saskatchewan.
Property Section of the Most Recent Presentation
Title Last Modified File Size Property Update 05-22-2007 586k
Title
Last Modified
File Size
Property Update
05-22-2007
586k