Operations Review

Fourth Quarter and Year-end 2016 Operations Review

Production
(Three Months ended December 31st)
2016 2015
Crude Oil (bbl/d) 29,885 33,899
Condensate (bbl/d) 3,767 3,631
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

 

Property Summary

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)
Northeast BC 78,093 6,747 2,877 398.4 2,068
Northern AB (2) 19,300 6,415 621 64.4 1,526
Pembina (3) 11,019 8,218 175 13.1 448
South Central AB 3,686 3,235 14 2.1 86
Southeast SK (4) 5,513 5,270 80 0.4 92
Total 117,611 29,885 3,767 478.4 4,220

(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.


 

ARC Resources Ltd.

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

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