ARC Resources

{{Short description|Canadian energy company}} {{Infobox company

| | name = ARC Resources Ltd. | logo = ARC Energy logo.svg | logo_size = 200px | type = Public | traded_as = {{TSX|ARX}} | founded = {{start date and age|1996}} | key_people = Terry Anderson<ref>[https://www.arcresources.com/about-arc/about-us/our-management Terry Anderson]</ref> (CEO)<br/>Kris Bibby<ref>[https://www.arcresources.com/about-arc/about-us/our-management Kris Bibby]</ref> (SVP & CFO)

| | website = {{URL|www.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== 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.<ref>{{Cite web |url=http://www.arcresources.com/about-us/history/ |title=ARC Resources LTD. › About Us › History |access-date=2014-05-28 |archive-url=https://web.archive.org/web/20151231124238/http://www.arcresources.com/about-us/history/ |archive-date=2015-12-31 |url-status=dead }}</ref> 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.<ref>{{Cite web|url=http://www.ogj.com/articles/2003/04/canadas-arc-energy-trust-to-pay-710-million-for-star-oil-gas.html|title=Canada's ARC Energy Trust to pay $710 million for Star Oil & Gas|date=2003-04-15|website=Oil&Gas Journal|access-date=2017-12-28}}</ref> * In 2005, ARC announces a $462 million strategic acquisition of properties in the Pembina and Redwater fields from Imperial Oil and ExxonMobil.<ref>{{Cite news|url=https://www.pressreader.com/canada/toronto-star/20051207/283102769459029|title=Arc Energy buys prize oil fields|date=2005-12-05|work=The Toronto Star}}</ref> * In 2010, ARC completes the acquisition of Storm Exploration Inc., adding the Parkland field.<ref name=":0">{{Cite news|url=https://www.theglobeandmail.com/globe-investor/arc-energy-buys-storm-exploration-for-680-million/article561198/|title=ARC Energy buys Storm Exploration for $680-million|last=McIntosh|first=Jeff|date=2010-06-10|work=The Globe and Mail|access-date=2017-12-28}}</ref> * In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation.<ref>{{Cite news|url=http://www.cbc.ca/news/canada/saskatchewan/calgary-firm-makes-700-million-dollar-purchase-saskatchewan-oil-patch-1.3856816|title=Calgary firm makes $700M purchase in Sask. oil patch|date=2016-11-18|work=CBC News|access-date=2017-12-29|language=en}}</ref> * 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.<ref>{{Cite web|url=https://www.arcresources.com/news-and-features/press-releases/135222|title=ARC Resources and Seven Generations Energy Announce Strategic Montney Combination|date=2021-02-10|access-date=2021-05-16|language=en-US|archive-date=2021-05-16|archive-url=https://web.archive.org/web/20210516220929/https://www.arcresources.com/news-and-features/press-releases/135222|url-status=dead}}</ref>

=== 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.<ref>{{cite news |last1=Potkins |first1=Meghan |title=Energy giant Shell to buy Canada's ARC Resources for $22 billion |url=https://financialpost.com/commodities/energy/oil-gas/shell-buy-arc-resources-22-billion |access-date=April 27, 2026 |work=Financial Post |date=April 27, 2026}}</ref>

==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== * [http://www.arcresources.com Official website] * [http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00030984 SEDAR company profile]

==References== {{Portal|Energy|Canada|Companies}} {{Reflist|30em}}

{{DEFAULTSORT:Arc Resources}} Category:Oil companies of Canada Category:Companies based in Calgary Category:Energy companies established in 1996 Category:Non-renewable resource companies established in 1996 Category:1996 establishments in Alberta Category:Companies listed on the Toronto Stock Exchange Category:Canadian companies established in 1996 Category:Announced mergers and acquisitions