Capital Budget

2015 - Setting the Stage for Continued Profitable Growth Beyond 2015

  • The 2015 capital budget has been set at $875 million, and is focused on high rate of return oil, liquids-rich gas and low cost natural gas development;
  • ARC has provided a 2015 production target of 120,000 to 125,000 boe per day, representing approximately 10 per cent year-over-year production growth;
  • $635 million (70 per cent of the budget) will be invested in high netback oil and liquids-rich gas development to grow high value liquids production, expand oil handling facilities at Tower and initiate engineering and design for a new facility at Dawson;
  • $220 million will be invested in low cost, high rate of return Montney natural gas assets; exploiting ARC’s significant natural gas resource base, growing natural gas production and investing in strategic infrastructure at Sunrise;
  • ARC plans to drill 151 gross operated wells across our portfolio;
  • Crude oil and liquids production is expected to grow seven per cent to approximately 47,000 bbls per day in 2015;
  • Natural gas production is expected to grow 10 per cent to approximately 450 mmcf per day in 2015;
  • ARC will maintain a focus on cost management, targeting 2015 operating costs in the range of $8.80 to $9.30 per boe, two per cent lower than 2014 estimated costs due to growth in lower cost production and focus on cost management.
  • ARC plans to maintain the current monthly dividend of $0.10 per share given the current outlook for crude oil and natural gas prices

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