ARC Sinks $875M Into Oil, Gas Plays In Western Canada

Law360, New York (November 7, 2013, 5:30 PM EST) -- Canadian oil and gas firm ARC Resources Ltd. said Wednesday that it would embark on a CA$915 million ($875 million) capital program in 2014, focusing on high-value oil and liquids-rich gas plays in western Canada's Montney shale, as well as investment in its low-cost gas assets.

ARC said the investment, which bests the CA$860 million the company sunk into its operations in 2013, would boost its total production by 17 percent to 114,000 barrels of oil equivalent per day in 2014, and allow it to cash...
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