Fourth Quarter and Year-end 2016 Operations Review
(Three Months ended December 31st)
|Crude Oil (bbl/d)||29,885||33,899|
|Natural gas (MMcf/d)||478.4||469.1|
|Natural Gas Liquids (bbl/d)||4,220||3,523|
|Total Production (boe/d)||117,661||119,243|
The following table summarizes the companies production by core area for three months ended December 31, 2016:
|Core Area (1)||Total (boe/d)||Oil (bbl/d)||Condensate (bbl/d)||Gas (MMcf/d)||NGL (bbl/d)|
|Northern AB (2)||19,300||6,415||621||64.4||1,526|
|South Central AB||3,686||3,235||14||2.1||86|
|Southeast SK (4)||5,513||5,270||80||0.4||92|
(1) Provincial references: "AB" is Alberta, "BC" is British Columbia, "SK" is Saskatchewan.
(2) During the fourth quarter of 2016, ARC disposed of certain non-core assets in this district. These assets had been producing approximately 600 boe per day prior to disposal.
(3) During the second, third and fourth quarters of 2016, ARC acquired certain assets in this district producing approximately 3,100 boe per day.
(4) During the fourth quarter of 2016, ARC disposed of the remaining assets in this district, of which the volumetric impact is approximately 1,900 boe per day during the quarter.