First Quarter 2017 Operations Review
(Three Months ended March 31st)
|Crude Oil (bbl/d)||24,030||34,852|
|Natural gas (MMcf/d)||496.2||489.7|
|Natural Gas Liquids (bbl/d)||3,893||4,319|
|Total Production (boe/d)||115,129||124,224|
The following table summarizes the companies production by core area for three months ended March 31, 2017:
|Core Area||Total (boe/d)||Oil (bbl/d)||Condensate (bbl/d)||Gas (MMcf/d)||NGL (bbl/d)|
|All other (2)||7,837||4,152||774||15.7||286|
(1) Throughout 2016 ARC acquired certain assets in this core area producing approximately 3,100 boe per day.
(2) During the fourth quarter of 2016, ARC disposed of its remaining non-core assets in Saskatchewan, which had been producing approximately 7,500 boe per day prior to disposal. An additional 1,300 boe per day of non-core assets were disposed throughout 2016.