Operations Review

First Quarter 2017 Operations Review

Production
(Three Months ended March 31st)
2017 2016
Crude Oil (bbl/d) 24,030 34,852
Condensate (bbl/d) 4,504 3,442
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

 

Property Summary

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)
Dawson 30,900 - 1,054 177.5 258
Parkland/Tower 25,168 5,183 1,976 99.0 1,526
Sunrise 22,753 - 76 135.8 40
Ante Creek 17,430 6,269 452 56.2 1,340
Pembina (1) 11,041 8,426 172 12.0 443
All other (2) 7,837 4,152 774 15.7 286
Total 115,129 24,030 4,504 496.2 3,893

(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.


 

ARC Resources Ltd.

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

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