Capital Budget

2014 - Setting the Stage for Significant Production Growth in 2015

  • The 2014 capital budget has been set at a record $915 million directed at high value oil and liquids-rich gas plays and investment in low cost Montney gas assets;
  • ARC plans to spend $710 million (77 per cent of the budget) on oil and liquids rich gas drilling and development to grow high value liquids production and capitalize on the strength of crude oil prices;
  • ARC plans to drill 196 gross operated wells across our portfolio;
  • ARC has provided a 2014 production target of 110,000 to 114,000 boe per day, representing approximately 17 per cent year-over-year production growth;
  • Crude oil and liquids production is expected to grow 14 per cent to average between 41,000 to 43,500 bbls per day in 2014;
  • Natural gas production is expected to grow 20 per cent to average between 415 to 425 mmcf per day in 2014;
  • The focus of the 2014 capital program is to maximize value by directing capital to the highest rate of return projects including a mix of crude oil, liquids rich gas and natural gas opportunities;
  • ARC’s 2014 capital program will include a significant focus on pad drilling which is expected to decrease per well drill, complete and tie-in costs relative to single well drilling costs;
  • Pad drilling will result in a “step profile” production growth at many of ARC’s properties, as each pad is drilled, completed, tested, tied in and brought on stream at one time;
  • ARC expects 2015 production to be in excess of 120,000 boe per day.

Additional details on ARC's Capital Budget can be found in the news releases below:

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ARC Resources Ltd.

1200, 308 - 4th Avenue S.W. Calgary, Alberta, Canada T2P 0H7

Tel: 403-503-8600 Toll Free: 1-888-272-4900