ARC Resource Ltd. is a Canadian oil and gas company founded in 1996. The company was initially founded as ARC Energy Trust after it acquired twenty-one properties from Mobil Oil Canada. The oil company began trading on the Toronto Stock Exchange (TSX) in 1996 under the ticker ‘AET.UN’.
The energy firm operates in Montney and Pembina Cardium region in Alberta and Northern British Columbia. Its operations include exploration and production of natural gas and oil reserves in western Canada.
Some of ARC Resource's major acquisitions include Orion Energy Trust and Starcor Energy Royalty Fund in 1999 and Dawson gas and Star Oil and Gas Ltd. in 2003. The company’s land holdings have expanded significantly over the years as it has established huge gas production plants in different regions.
In 2010, it acquired Storm Exploration Inc., a Canadian oil and gas exploration company. The company’s portfolio consists of low-cost assets with diverse commodities. The company switched from a royalty trust to a corporation in 2011.
In 2020, ARC reported an increase in production with output addition from Dawson Phase IV gas processing plant and liquids-handling facility on stream – a facility it added in 2018. In 2021, the company closed its strategic Montney combination with Seven Generations Energy Ltd. As a result of this merger, it is reportedly Canada’s sixth-largest energy companies focusing on ESG characteristics and Sustainable Development Goals. The company’s risk management strategy involves strategic market diversification, financial risk management and commodity options contracts. Investors can access financial highlights, stock-related information, and analyst resources from the company’s website.