Annual Report - 2001 - ARC Resources Ltd.

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Jenner Brooks JENNER T23 T21 R13W4 R11W4 R9W4 BROOKS T19 Dave Hudson Pat Mills Terry Anderson R14W4 ARC non-unit lands Unit outline ARC production facility 2001 gas wells
PAGE 28 MAJOR PROPERTIES SOUTHEAST SASKATCHEWAN AFTER SEVERAL YEARS OF PROGRESSIVELY BUILDING TECHNICAL KNOWLEDGE THROUGH OWNERSHIP IN PARTNER-OPERATED ASSETS, THE STARTECH ACQUISITION IN 2001 PROVIDED ARC A MAJOR STRATEGIC ENTRY AND SIGNIFICANT PRESENCE IN SOUTHEAST SASKATCHEWAN. THESE PROPERTIES PROVIDED ARC WITH NUMEROUS DEVELOPMENT OPPORTUNITIES DURING 2001. ARC NOW OPERATES A SIGNIFICANT PORTFOLIO OF HIGH QUALITY, LOW OPERATING COST OIL PRODUCING PROPERTIES IN THIS AREA. CORE PROPERTIES LOUGHEED The Lougheed area has become the Trust’s highest volume producing property at net 3,111 boe/d and a major focus of development activity. The Trust has a high working interest in the area, including 98.6 per cent in the ARC-operated Lougheed Unit. The past year saw the drilling of six operated and six non-operated joint interest horizontal wells. A gas plant was also built which will add significant value via liquids recovery from rich solution gas. In addition to development work, ARC’s growth strategy for the area resulted in several minor acquisitions and swaps to consolidate working interests and gain additional interests in operated lands. The Trust believes there is significant upside potential at Lougheed and is conducting a full field reservoir simulation in an effort to increase recovery through the improvement and implementation of a full waterflood. The current recovery factor recognized by ARC’s independent engineers is 24 per cent as compared to 36 and 41 per cent for the adjacent Midale and Weyburn units, respectively. Based upon comparable reservoir characteristics relative to Weyburn and Midale, significant additional reserves are expected to be realized at Lougheed. MIDALE UNIT ARC is now the second largest working interest owner in the Midale Unit at 15.5 per cent with net production volumes of 985 boe/d to ARC. Operated by Apache Canada Ltd., activities have focused on development and horizontal drilling to enhance the performance of the waterflood. Drilling of infill development wells continued in 2001 along with monitoring and optimization of the waterflood. ARC ENERGY TRUST AR 2001
Page 1 and 2: AR 2001 ARC ENERGY TRUST ANNUAL REP
Page 3 and 4: Photo: Drilling in the Drayton Vall
Page 5 and 6: OPERATING HIGHLIGHTS Years ended De
Page 7 and 8: AT THE TIME OF OUR INITIAL PUBLIC O
Page 9 and 10: PAGE 4 FEATURE: MANAGEMENT EXPERTIS
Page 11 and 12: John P. Dielwart Director, Presiden
Page 13 and 14: PAGE 8 MESSAGE TO UNITHOLDERS We ha
Page 15 and 16: PAGE 10 MESSAGE TO UNITHOLDERS envi
Page 17 and 18: PAGE 12 MESSAGE TO UNITHOLDERS We r
Page 19 and 20: PAGE 14 FEATURE: QUALITY ASSETS A C
Page 21 and 22: Top: Deanna Kalenchuk, Wayne Lentz,
Page 23 and 24: PAGE 18 OPERATIONS REVIEW DEVELOPME
Page 25 and 26: PAGE 20 MAJOR PROPERTIES NORTHERN A
Page 27 and 28: PAGE 22 MAJOR PROPERTIES PEMBINA PE
Page 29 and 30: PAGE 24 MAJOR PROPERTIES CENTRAL AL
Page 31: PAGE 26 MAJOR PROPERTIES SOUTHEAST
Page 35 and 36: PAGE 30 MAJOR PROPERTIES WEYBURN UN
Page 37 and 38: PAGE 32 ACQUISITIONS AND DIVESTMENT
Page 39 and 40: PAGE 34 RESERVES RESERVES Based on
Page 41 and 42: PAGE 36 RESERVES Reserves Reconcili
Page 43 and 44: PAGE 38 ENVIRONMENT, HEALTH AND SAF
Page 45 and 46: PAGE 40 ENVIRONMENT, HEALTH AND SAF
Page 47 and 48: PAGE 42 FEATURE: COMMITMENT DEFININ
Page 49 and 50: MANAGEMENT’S DISCUSSION AND ANALY
Page 51 and 52: PAGE 46 MANAGEMENT’S DISCUSSION A
Page 65 and 66: PAGE 60 MANAGEMENT’S RESPONSIBILI
Page 67 and 68: PAGE 62 CONSOLIDATED FINANCIAL STAT
Page 69 and 70: PAGE 64 CONSOLIDATED FINANCIAL STAT
Page 71 and 72: PAGE 66 NOTES TO CONSOLIDATED FINAN
Page 83 and 84:
PAGE 78 QUARTERLY REVIEW QUARTERLY
Page 85 and 86:
PAGE 80 DIRECTORS AND OFFICERS John
Page 87 and 88:
PAGE 82 CORPORATE GOVERNANCE CORPOR
Page 89 and 90:
PAGE 84 CORPORATE AND UNITHOLDER IN
Page 91:
ANNUAL REPORT 2001 AR 2001 ARC ENER
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Annual Report - 2001 - ARC Resources Ltd.

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