ARC Resources
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ARC Resources
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| Type | Public (TSX: ARX) |
|---|---|
| Industry | Oil and gas |
| Founded | 1996 |
| Headquarters | Calgary, Alberta, Canada |
| Key people | John Dielwart, CEO Myron Stadnyk, President & COO |
| Revenue |  $1.4382 billion CDN (2011) [1] |
| Employees | 550 (2012) |
| Website | www.arcresources.com |
ARC Resources Ltd. (TSX: ARX) is based in Calgary, Canada and is one of Canada's leading conventional oil and gas companies.[2] Formed in 1996, ARC has grown from 9,566 boe/day to an expected production average of 84,000 to 87,000 boe/day in 2011.[3] As of January 4, 2011 ARC's entreprise value was $7.8 billion.[3] ARC is a member of the S&P/TSX 60.[4] Previously as ARC Energy Trust, 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.[3]
External links
References
- ^ 2011 Audited Annual Financial Statements
- ^ ARC Resources website
- ^ a b c ARC Resources Ltd. Announces Completion of its conversion to a Dividend Paying Corporation
- ^ Standard and Poor's TSX 60 Index
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