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// Workers AI · dad joke modeWhy did ARC Resources go to therapy? It had an arc of emotions.

From Wikipedia, the free encyclopedia
ARC Resources Ltd.
TypePublic
TSX: ARX
IndustryOil and gas
Founded1996; 30 years ago (1996)
HeadquartersCalgary, Alberta, Canada
Key people
Terry Anderson[1] (CEO)
Kris Bibby[2] (SVP & CFO)
ProductsPetroleum
Natural gas
Natural gas liquids
Production output
374,336 barrels of oil equivalent (2,290,140 GJ) per day (2025)[3]
RevenueIncrease CA$6.076 billion (2025)[3]
Increase CA$1.275 billion (2025)[3]
Total assetsIncrease CA$15.310 billion (2025)[3]
Total equityIncrease CA$8.264 billion (2025)[3]
Number of employees
711 (2025) [4]
Websitewww.arcresources.com

ARC Resources Ltd. 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.

History

[edit]

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.[5] 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.

Acquisitions and disposals

[edit]
  • In 1999, ARC acquires Starcor Energy Royalty Fund and Orion Energy Trust.
  • In 2001, ARC reaches $1 billion market capitalization. ARC completes the acquisition of Startech Energy Inc. for $340 million deal.
  • In 2003, ARC purchases Star Oil & Gas Ltd. for $710 million, including the Dawson gas field.[6]
  • In 2005, ARC announces a $462 million strategic acquisition of properties in the Pembina and Redwater fields from Imperial Oil and ExxonMobil.[7]
  • In 2010, ARC completes the acquisition of Storm Exploration Inc., adding the Parkland field.[8]
  • In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation.[9]
  • In 2021, ARC closed its strategic combination with Seven Generations Energy Ltd. in an all stock deal valued at $8.1 billion inclusive of debt. The resulting company continued to operate as ARC Resources Ltd.[10]

2026 Shell acquisition

[edit]

On April 27, 2026, it was announced that Shell plc agreed to buy ARC Resources in a deal valued at $22 billion.[11]

Areas of operation

[edit]

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:

  • Northeast British Columbia, including the Attachie, Greater Dawson, Parkland/Tower, and Sunrise fields
  • Northern Alberta, including the Ante Creek and Kakwa field
[edit]

References

[edit]
  1. ↑ Terry Anderson
  2. ↑ Kris Bibby
  3. 1 2 3 4 5 "2025 Annual Report" (PDF). ARC Resources.
  4. ↑ "2025 Annual Information Form" (PDF). ARC Resources.
  5. ↑ "ARC Resources LTD. › About Us › History". Archived from the original on 2015-12-31. Retrieved 2014-05-28.
  6. ↑ "Canada's ARC Energy Trust to pay $710 million for Star Oil & Gas". Oil&Gas Journal. 2003-04-15. Retrieved 2017-12-28.
  7. ↑ "Arc Energy buys prize oil fields". The Toronto Star. 2005-12-05.
  8. ↑ McIntosh, Jeff (2010-06-10). "ARC Energy buys Storm Exploration for $680-million". The Globe and Mail. Retrieved 2017-12-28.
  9. ↑ "Calgary firm makes $700M purchase in Sask. oil patch". CBC News. 2016-11-18. Retrieved 2017-12-29.
  10. ↑ "ARC Resources and Seven Generations Energy Announce Strategic Montney Combination". 2021-02-10. Archived from the original on 2021-05-16. Retrieved 2021-05-16.
  11. ↑ Potkins, Meghan (April 27, 2026). "Energy giant Shell to buy Canada's ARC Resources for $22 billion". Financial Post. Retrieved April 27, 2026.


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