ARC Resources

ARC Resources Ltd.
Public
Traded as TSX: ARX
S&P/TSX 60 component
Industry Oil and gas
Founded 1996
Headquarters Calgary, Alberta, Canada
Key people
 Myron Stadnyk, President & CEO
Van Dafoe, Senior Vice President & CFO
Revenue Increase $1.4382 billion CAD (2011) [1]
Number of employees
 600 (2013)
Website www.arcresources.com

History

ARC was founded in 1996 as a royalty trust with the acquisition of 21 properties from Mobil Oil Canada. The acquisition was funded by an initial IPO of $180 million on the Toronto Stock Exchange.[2] The company operated as a royalty trust from inception in 1996 until December 31, 2010. As a result of the Canadian Government's change in the tax treatment of trusts ARC converted from a trust to a corporation on January 1, 2011.

Areas of Operation

With operations spanning western Canada, ARC’s activities include the exploration, development and production of conventional oil and natural gas reserves. ARC targets high quality assets, typically characterized by their long-life and opportunity rich nature. Currently, ARC’s production split is approximately 40 percent oil and liquids and 60 percent natural gas.[3]

ARC has operations in five core areas across Western Canada

External links

References


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