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Electrification drives leading GHG performance 

Learn about the positive impact electrification and other clean technologies have made in our field. 

Bringing moms and dads home safe

Our focus on health and safety is a part of all areas of our day-to-day operations.

Our guiding principles

Our success over the years is a result of consistently following our guiding principles. They define how we’ve built our business, and how we’ll shape our future.

Partnership

World-class assets and people

  • High-quality assets
  • Decades of top-tier inventory
  • High-performance people 
Our_People

Operational excellence

  • Strong safety culture
  • Focus on continuous improvement and efficiency
  • Embrace innovation to drive results
Exterprise_Value

Capital discipline

  • Long-term focus on profitability 
  • Sustainable shareholder returns
  • Clearly defined investment criteria
Dollar_Sign

Financial strength

  • Strong balance sheet 
  • Low debt levels
  • Risk management  
Sustainability

Sustainability leadership

  • Leading environmental performance
  • Value creation for stakeholders, Indigenous communities, employees  and partners
  • Strong governance and disclosure 
Market_Transportation

High-quality assets

  • Largest Montney and condensate producer in Canada
  • Low-cost operations underpinned by significant infrastructure
  •  >20 years of Montney inventory
Respect

Financial strength and risk management

  • Investment-grade credit rating
  • Unmatched market diversification 
  • Strong track record of low leverage
Meeting_Attendance

Disciplined capital allocators

  • >26-year track record of profitability
  • Cumulative dividends of approximately

    $7 billion

Profitable_Returns

Attractive and sustainable returns

  • Free funds per CAGR1 of 15%
  • Dividend and sustaining capital funded by free funds flow below US$40/barrel WTI and $2.00 AECO
Sustainability

ESG leader

  • Leading emissions performance in North America
  • AAA ESG rating by MSCI
  • Culture of safe and efficient operations

    (8 years without an employee LTI)

People & ESG Leadership

Prioritizing safety, continuous improvement 

Commercial Activities and Risk Management

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Environment

  • Reduce ARC’s corporate GHG emissions intensity and strive to be the lowest GHG emissions intensity upstream oil and gas producer in North America.
  • Reduce GHG emissions intensity by 20 per cent by 2025, relative to the Company’s 2019 baseline.
  • Reduce methane emissions intensity by 20 per cent by 2025, relative to the Company’s 2019 baseline.
  • Implement a minimum of 70,000 metric tonnes of carbon dioxide equivalent (tCO2e) emission reduction projects by 2025.
  • Reinvest up to 100 per cent of carbon offset revenues into clean technology development and application to further reduce ARC’s corporate emissions profile.
  • Invest an average of $15 million in asset retirement activities over 10 years to further reduce ARC’s corporate environmental liability.
  • Reduce average abandonment, reclamation, and remediation costs by 10 per cent through the application of new technologies, area-based closure programming, and procurement strategies.
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Social

  • Deliver industry-leading safety performance in total recordable injury frequency (TRIF) and lost-time incident frequency.
  • Reduce incidents with the potential to seriously harm people and the environment.
  • Acknowledge the role of business in reconciliation and commit to form meaningful relationships with Indigenous communities where ARC operates.
  • Continue to demonstrate leadership through active engagement with stakeholders and impacted Indigenous community members on subjects such as noise mitigation, induced seismicity, etc.
  • Commit a minimum of $3 million annually to community development initiatives.
  • Create a formal strategy to build a diverse and inclusive workforce and strong culture of belonging.

Governance

  • Ensure appropriate Board oversight on ESG matters through sub-committees.
  • Maintain Board structure of independent directors including the Board Chair.
  • Promote diversity and inclusion and continue with the established target of a minimum of 30 per cent female representation on the Board and in Management.
  • Expand scope of third-party assurance of key ESG performance metrics.
  • Incorporate key performance metrics, including ESG-related metrics, into the Corporate Performance Scorecard to determine executive compensation.

Environment

  • Reduce ARC’s corporate GHG emissions intensity and strive to be the lowest GHG emissions intensity upstream oil and gas producer in North America.
  • Reduce GHG emissions intensity by 20 per cent by 2025, relative to the Company’s 2019 baseline.
  • Reduce methane emissions intensity by 20 per cent by 2025, relative to the Company’s 2019 baseline.
  • Implement a minimum of 70,000 metric tonnes of carbon dioxide equivalent (tCO2e) emission reduction projects by 2025.
  • Reinvest up to 100 per cent of carbon offset revenues into clean technology development and application to further reduce ARC’s corporate emissions profile.
  • Invest an average of $15 million in asset retirement activities over 10 years to further reduce ARC’s corporate environmental liability.
  • Reduce average abandonment, reclamation, and remediation costs by 10 per cent through the application of new technologies, area-based closure programming, and procurement strategies.
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Social

  • Deliver industry-leading safety performance in total recordable injury frequency (TRIF) and lost-time incident frequency.
  • Reduce incidents with the potential to seriously harm people and the environment.
  • Acknowledge the role of business in reconciliation and commit to form meaningful relationships with Indigenous communities where ARC operates.
  • Continue to demonstrate leadership through active engagement with stakeholders and impacted Indigenous community members on subjects such as noise mitigation, induced seismicity, etc.
  • Commit a minimum of $3 million annually to community development initiatives.
  • Create a formal strategy to build a diverse and inclusive workforce and strong culture of belonging.

Governance

  • Ensure appropriate Board oversight on ESG matters through sub-committees.
  • Maintain Board structure of independent directors including the Board Chair.
  • Promote diversity and inclusion and continue with the established target of a minimum of 30 per cent female representation on the Board and in Management.
  • Expand scope of third-party assurance of key ESG performance metrics.
  • Incorporate key performance metrics, including ESG-related metrics, into the Corporate Performance Scorecard to determine executive compensation.

0.36

Total Recordable Injury Frequency (employees + contractors)

15%

increase in leadership roles held by women

$1.7MM

donated to communities

15

scholarships awarded to Indigenous students

Business ethics & corporate governance

10 of 12

directors were independent

42%

directors were women

100%

director meeting attendance

96.68%

shareholders voted in favour on say-on-pay

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Exploration and development

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Owned-and-operated infrastructure

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Marketing and transportation

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Energy Value Chain
1

Exploration, development and production 

Learn how we are unlocking the value of the Montney with our technical expertise above and below the surface.

Learn More

2

Operations

Our large network of owned-and-controlled infrastructure is critical in delivering low-cost, responsibly produced energy. 

Learn More 

3

Marketing and Transportation

Learn how our marketing strategy maximizes the value of every molecule we produce. 

Learn More

4

LNG Exports to Global Markets

Learn how ARC is participating in the global LNG export market. 

Learn More

5

Delivery to Domestic Markets for End Use

Through our diversified marketing portfolio, we moving energy to key markets across North America. 

Learn More

Our operations are in northern Alberta and northeast British Columbia. Our diverse portfolio of assets offer decades of top-tier development opportunities. And, while our roots are in Canada, our reach is global. Learn about our high-quality assets and how we supply energy to North America and beyond. 

Kakwa Field Testing

University of Calgary Industry Career Fair

Join us at the University of Calgary’s fall industry career fair. Come learn about our student program and potential co-op positions available next January 2023. 

Date:
September 20, 2022

Time:
11 a.m. – 3:30 p.m. MT

Location:
In-person at the University of Calgary’s MacHall A/B

Events / STudents and New Grads

IMG_0626

University of Calgary Industry Career Fair

Join us at the University of Calgary’s fall industry career fair. Come learn about our student program and potential co-op positions available next January 2023. 

Date:
September 20, 2022

Time:
11 a.m. – 3:30 p.m. MT

Location:
In-person at the University of Calgary’s MacHall A/B

Events / STudents and New Grads

“I appreciate how down-to-earth and accessible ARC's leaders are. It's evident that they truly care about the company and its employees.”

– ARC Employee (Strength of the Workplace Survey)

“I appreciate how supportive and progressive our leaders are with respect to ensuring the company lives up to its sustainability commitments.”

– ARC Employee (Strength of the Workplace Survey)

“Safety is truly one of the best metrics to encourage - not just for a healthy workforce, but also it makes people want to stay and work here."

– ARC Employee (Strength of the Workplace Survey)

“I am proud to be an employee of an organization that cares.”

– ARC Employee (Strength of the Workplace Survey)

“The level of respect at ARC is a pleasure to see and be apart of. Personal growth is highly supported and we are encouraged to continue learning and improving.”

– ARC Employee (Strength of the Workplace Survey)

Strength of the Workplace

Maintaining a healthy and engaged workforce is critical in delivering on our strategy. Every year, we conduct a Strength of the Workplace survey to measure the organizational health and effectiveness of our company, and engagement amongst our employees. 

The survey measures provides a 360-degree evaluation of several key indicators including:  

  • Organizational health – purpose, strategy, communication, learning and innovation, leadership, respect, integrity and trust, performance management and safety
  • Engagement and well-being – engagement, burnout, work satisfaction and turnover intentions  
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Results

ARC outperforms industry benchmarks in:

  • Safety
  • Purpose
  • Leadership

Hear what our people had to say...

18%

Reduction in absolute methane emissions since 2019

225,905

Trees planted in 2021

$34 MM

Invested in asset retirement activities 2020-2021

0.37

Pipeline incident rate

300,000

Cubic metres of produced water was recycled in 2021

Ratings and recognition

Member of MSCI Global Sustainability Index
MSCI ESG Rating: AAA

Member of Sustainalytics’ Jantzi Social Index

CDP

Voluntary participant since 2007
2021 Climate Change Score: B
2021 Water Security Score: A-

Member of FTSE Russell’s FTSE4Good Index Series since 2018

ISS

Environment Score: 4
Social Score: 8
Governance Score: 2

Member of the 30% Club since 2018

Score: 31 – High (60th Percentile)

Member of Bloomberg Gender-Equality Index since 2021

Scope 1 emissions comprise approximately 97% of our emissions profile, which are generated primarily by combustion, flaring, venting, fugitive emissions, drilling and completions activities. Our scope 2 emissions account for the remaining 3%, which include indirect emissions resulting from purchased electricity based on a grid average intensity. 

Secure: Water infrastructure

Water trunk line

Since 2016, we have invested more than $125 million in water infrastructure to secure water required for our operations. These investments provide long-term, sustainable solutions to water management.

Through construction of water lines and water storage facilities, we have displaced water trucks and associated emissions.

 

Reduce: Drilling & completions

Kakwa Field_Pad 15-33 Drilling (3)

We recognize that our drilling and completions activities are water intensive, and have taken several steps to reduce our freshwater use. 

Through operational design optimizations and efficiencies in our operating procedures, we have achieved a 30% reduction in freshwater use for our completions activities.

Recycle: Produced water recycling

Sunrise Facility_Freshwater Storage (4)

Across our NEBC field, we have implemented water treatment and ultrafiltration processes to recycle produced water from our operations. This has resulted in less overall freshwater use.

We are currently piloting a clean technology project at our Parkland facilities

Our Approach: Together Preventing Harm

Stronger Systems

Enhancing our systems to effectively manage risk and prevent harm on our worksites.

Training and Empowerment

Ensuring our people are set-up for success and clearly understand safety expectations at all levels of the organization.

Fostering a boots-on-the-ground approach to leadership, with a focus on accountability and empowerment as safety leaders.

Our performance

Each year, we strive to improve our safety record. Through a focused approach to safety, we can ensure clarity and consistency for our people. 

Safety Key Performance Indicator

Total Recordable Injury Frequency

(employees and contractors)

Lost-time Incident Frequency

(employees and contractors)

Potential Hurt (PH) 3+

Targets

0.60

 

0.10

 

0.20

2021 Results

0.36

 

0.06

 

0.11

Operator-checking-valves

Learn more about our 2021 ESG performance highlights:

ARC's communities of operation

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1

Attachie

Learn More

2

Sunrise

Learn More

3

Greater Dawson

Learn More

4

Kakwa

Learn More

5

Ante Creek

Learn More

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STARS

ARC supports STARS Foundation in their work providing life-saving transport to critically ill and injured patients. In 2021, we donated $175,000 to support the organization’s fleet campaign and mission operations. We have supported STARS for the last ten years, contributing $1.5 million to-date.

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United Way

Over the last two decades, we have donated more than $10.5 million through our annual campaigns. Through a combination of employee and corporate donations, approximately $500,000 was raised for the 2021 United Way campaign. The 2021 campaign marked the 26th year ARC has supported the United Way and its mission to make Calgary a resilient, strong, and supportive place where everyone thrives.

stars-logo

STARS

ARC supports STARS Foundation in their work providing life-saving transport to critically ill and injured patients. In 2021, we donated $175,000 to support the organization’s fleet campaign and mission operations. We have supported STARS for the last ten years, contributing $1.5 million to-date.

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Calgary Food Bank

Each year, we support the food banks across our areas of operation. Over the holiday season, we provided $100,000 to local foodbanks in Dawson Creek, BC; Calgary and Grande Prairie, Alberta to help address critical food insecurity.

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Brown Bagging for Calgary Kids

In 2021, we continued to partner with Brown Bagging for Calgary's Kids (BB4CK). We donated $10,000 and sent our teams to volunteer shifts, where they assisted in creating healthy lunches for children who would otherwise go without. ARC has proudly supported BB4CK since 2008. To-date, we have volunteered approximately 3,650 hours and created approximately 185,000 healthy lunches for Calgary's kids.

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Northwestern Polytechnic

We are proud to make a $1 million dollar contribution to Northwestern Polytechnic to support the start-up of a Bachelor of Engineering university transfer program. As a new addition to the school’s offerings, the program provides students with the opportunity to begin their studies closer to home, and then transfer to the University of Alberta, with guaranteed intake, to complete their degree.

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Better at Home

Connection to the community and social engagement is critical in the overall wellbeing of seniors. For six years, our team in northeast BC has partnered with Better at Home to host seniors at the Dawson Creek Exhibition. Last summer, 73 seniors were hosted on a tour to the exhibition. The Better at Home program, run by South Peace Community Resources Society, provides seniors with home support services such as snow removal, grocery shopping, housekeeping and friendly visits.

stars-logo

STARS

We support STARS Foundation in their work providing life-saving transport to critically ill and injured patients. These services are vital in the event of an emergency in and around the communities where we operate. Our partnership with STARS began in 2011.

united-way-logo

United Way

We have supported United Way since our inception in 1996. Every year, we hold giving campaigns that include a combination of employee and corporate donations. We are proud to support United Way in its mission to make Calgary a resilient, strong, and supportive place where everyone thrives.

CalgaryFoodBank_Logo

Calgary Food Bank

Each year, we support the local food banks across our areas of operation to help address critical food insecurity. Our support includes donations and regular volunteer shifts. Our partnership with the Calgary Foodbank dates back to XXXX.

bb4ck-logo

Brown Bagging for Calgary Kids

ARC has proudly supported BB4CK since 2008. In 2021, we continued to partner with Brown Bagging for Calgary's Kids (BB4CK). We donated $10,000 and sent our teams to volunteer shifts, where they assisted in creating healthy lunches for children who would otherwise go without. To-date, we have volunteered approximately 3,650 hours and created approximately 185,000 healthy lunches for Calgary's kids.

nwp-logo

Northwestern Polytechnic

We are proud to make a $1 million dollar contribution to Northwestern Polytechnic to support the start-up of a Bachelor of Engineering university transfer program. As a new addition to the school’s offerings, the program provides students with the opportunity to begin their studies closer to home, and then transfer to the University of Alberta, with guaranteed intake, to complete their degree.

better-at-home-logo

Better at Home

Connection to the community and social engagement is critical in the overall wellbeing of seniors. For six years, our team in northeast BC has partnered with Better at Home to host seniors at the Dawson Creek Exhibition. Last summer, 73 seniors were hosted on a tour to the exhibition. The Better at Home program, run by South Peace Community Resources Society, provides seniors with home support services such as snow removal, grocery shopping, housekeeping and friendly visits.

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Our policies

Our policies outline our commitment to conduct business in an ethical and safe manner that’s consistent with our core values.

ARC-Door

Board of Directors

Our Board is responsible for the stewardship of our Company to ensure its long-term success through the execution of our strategy and guiding principles.

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Bloomberg Gender Equity-Index

ARC was included in the Bloomberg GEI for a second consecutive year.

HalKvisleSocialPost

ARC board chair receives highest distinction from ICD

Hal Kvisle awarded Fellowship designation for outstanding governance leadership.

ESG goals and targets

Target

We’re committed to achieving best-in-class performance across several ESG indicators. Learn more about our ESG goals and targets

ARC recognized for share price performance on the 2022 TSX30™

ARC has been included in the Toronto Stock Exchange’s 2022 TSX30™, which recognizes the 30 top-performing TSX stocks over a three-year period based on dividend-adjusted share price appreciation.

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