ARC Resources
| ARC Resources Ltd. | |
|---|---|
 | |
| Type | Subsidiary |
| Industry | Oil and gas |
| Founded | 1996 |
| Headquarters | Calgary, Alberta, Canada |
| Key people | Terry Anderson (CEO) Kris Bibby (SVP & CFO) |
| Products | Petroleum Natural gas Natural gas liquids |
Production output | 374,336 barrels of oil equivalent (2,290,140 GJ) per day (2025) |
| Revenue |  CA$6.076 billion (2025) |
| CA$1.275 billion (2025) | |
| Total assets | CA$15.310 billion (2025) |
| Total equity | CA$8.264 billion (2025) |
Number of employees | 711 (2025) |
| Parent | Shell Canada |
| Website | www |
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.
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. 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
- 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.
- In 2005, ARC announces a $462 million strategic acquisition of properties in the Pembina and Redwater fields from Imperial Oil and ExxonMobil.
- In 2010, ARC completes the acquisition of Storm Exploration Inc., adding the Parkland field.
- In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation.
- 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.
2026 Shell acquisition
On April 27, 2026, it was announced that Shell plc agreed to buy ARC Resources in a deal valued at $22 billion. The deal was closed on September 2, 2026.
Areas of operation
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
External links
References
.svg){kind=small}
- ↑ Terry Anderson
- ↑ Kris Bibby
- 1 2 3 4 5 "2025 Annual Report" (PDF). ARC Resources.
- ↑ "2025 Annual Information Form" (PDF). ARC Resources.
- ↑ "ARC Resources LTD. › About Us › History". Archived from the original on 2015-12-31. Retrieved 2014-05-28.
- ↑ "Canada's ARC Energy Trust to pay $710 million for Star Oil & Gas". Oil&Gas Journal. 2003-04-15. Retrieved 2017-12-28.
- ↑ "Arc Energy buys prize oil fields". The Toronto Star. 2005-12-05.
- ↑ McIntosh, Jeff (2010-06-10). "ARC Energy buys Storm Exploration for $680-million". The Globe and Mail. Retrieved 2017-12-28.
- ↑ "Calgary firm makes $700M purchase in Sask. oil patch". CBC News. 2016-11-18. Retrieved 2017-12-29.
- ↑ "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.
- ↑ Potkins, Meghan (April 27, 2026). "Energy giant Shell to buy Canada's ARC Resources for $22 billion". Financial Post. Retrieved April 27, 2026.
 | This article about a Canadian corporation or company is a stub. You can help Wikipedia by adding missing information. |
 | This article about a natural gas or petroleum-related company is a stub. You can help Wikipedia by adding missing information. |
 | This Alberta-related article is a stub. You can help Wikipedia by adding missing information. |