February 10, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian oil and gas producer ARC Resources Limited (Calgary, Alberta) ended 2024 on a high note, boasting the strongest quarterly output in its 29-year history. Last month, ARC started up a major drilling project in British Columbia's Montney Shale, which it expects to drive record company-wide condensate and natural gas production for full-year 2025. Industrial Info is tracking more than US$7 billion worth of active and proposed projects from ARC, about 75% of which is attributed to projects in British Columbia. ARC's fourth-quarter 2024 production averaged 382,341 barrels of oil equivalent per day (BOE/d), comprising 62% natural gas and 38% crude oil and natural gas liquid (NGL); altogether, this represents a 5% increase from fourth-quarter 2023.
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