# ARC Resources

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

| 
| name = ARC Resources Ltd.
| logo = ARC Energy logo.svg
| logo_size = 200px
| type = [Public](/source/Public_company)
| 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](/source/Chief_executive_officer))<br/>Kris Bibby<ref>[https://www.arcresources.com/about-arc/about-us/our-management Kris Bibby]</ref> ([SVP](/source/Senior_vice_president) & [CFO](/source/Chief_financial_officer))

| 
| industry = [Oil and gas](/source/Oil_and_gas)
| location = [Calgary](/source/Calgary), [Alberta](/source/Alberta), Canada
| num_employees = 500 (2021)
| revenue = $697.4 million [CAD](/source/Canadian_dollar) (2019)

| 
| website = {{URL|www.arcresources.com}}
}}
'''ARC Resources Ltd.''' is a Canadian energy company with operations focused in the Montney [resource play](/source/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](/source/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](/source/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](/source/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](/source/Imperial_Oil) and [ExxonMobil](/source/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](/source/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](/source/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}}

{{Clear}}

{{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

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{{petroleum-company-stub}}
{{Alberta-stub}}
{{Calgary-stub}}

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Adapted from the Wikipedia article [ARC Resources](https://en.wikipedia.org/wiki/ARC_Resources) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/ARC_Resources?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.