CA - ARC Resources: Attachie Will Come Online In 2025
2024-06-02 10:40:51 ET
Summary
- ARC Resources expects a significant increase in production in fiscal year 2025, which may impact stock price.
- The Attachie Phase 1 project will likely contribute to higher profitability due to increased condensate in the production mix percentage.
- The project is expected to produce about 40,000 BOED.
- Crude oil and condensate are about one-quarter of production but represent more than half of the sales revenue.
- ARC Resources usually brings on a lot of production in the fourth quarter to take advantage of heating prices for natural gas while initial well production is high.
(Note: ARC Resources is a Canadian company that reports using Canadian dollars unless otherwise stated.) ...
ARC Resources: Attachie Will Come Online In 2025