ARC Resources Ltd. (ARC) is a Canadian energy company with operations focused in the Montney resource play in Alberta and northeast British Columbia. The company has been operating since 1996. ARC pays a quarterly dividend to shareholders and its common shares trade on the Toronto Stock Exchange under the symbol ARX.
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| Company type | Public |
|---|---|
| TSX: ARX | |
| Industry | Oil and gas |
| Founded | 1996 |
| Headquarters | Calgary, Alberta, Canada |
Key people | Terry Anderson, CEO Kris Bibby, Senior Vice President & CFO |
| Revenue | $697.4 million CAD (2019) |
Number of employees | 500 (2021) |
| Website | www |
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.[1] 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.
With operations spanning western Canada, ARC's activities include the exploration, development and production of conventional oil and natural gas reserves. As at Q2 2021, ARC's commodity mix was approximately 60% natural gas and 40% liquids.
ARC has operations in two core areas across Western Canada:
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