Annual Report - 2001 - ARC Resources Ltd.

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Midale Weyburn Lougheed WEYBURN T6 R13W2 ALIDA QUEENSDALE T5 T6 R33W1 R1W2 ARC non-unit lands Unit outline ARC production facility 2001 oil wells
PAGE 32 ACQUISITIONS AND DIVESTMENTS ACQUISITIONS AND DIVESTMENTS STARTECH ACQUISITION The acquisition of Startech Energy Inc. completed in January 2001 was the largest acquisition in ARC’s history and one that has provided tremendous new opportunities in pre-existing and new focus areas. ARC’s daily production volumes increased by 58 per cent and significant reserves and undeveloped land were added to the Trust’s portfolio. Of particular importance was Startech’s major presence in southeast Saskatchewan, an area that ARC had targeted as a strategic area for expansion. The acquisition enabled ARC to gain a major foothold in this area, create an important new focus area and acquire a portfolio of development opportunities. OTHER ACQUISITIONS As the cost of acquiring reserves and production increased over the remainder of 2001, ARC focused on having the individual area teams seek opportunities within core areas to acquire land and reserves at lower prices. Focused acquisitions in core areas resulted in an additional 4.2 mmboe being purchased for $29.9 million. DISPOSITIONS Every year, ARC reviews its asset base to identify non-core assets for potential disposition. Divested properties typically have higher operating costs, lower netbacks, limited upside potential or marginal remaining reserve life that can create a near-term abandonment liability. As part of ARC’s active management of its asset base, a number of minor non-core assets were sold in 2001 resulting in the disposition of 3.4 mmboe of reserves for $21 million. 2001 Acquisition/Disposition Summary Reserve Production Purchase/Sale Established Purchase/Sale Production Purchase/Sale Reserve Price Reserves Price Rate Price Life Index ($ millions) (mmboe) ($/boe) (boe/d) ($/boe/d) (years) Acquisitions 544.0 59.16 $ 9.20 15,539 $ 35,009 10.4 Dispositions (21.3) (3.40) $ 6.26 (1,024) $ 20,801 9.1 Net acquisitions 522.7 55.76 $ 9.37 14,515 $ 36,011 10.5 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 and 32: PAGE 26 MAJOR PROPERTIES SOUTHEAST
Page 33 and 34: PAGE 28 MAJOR PROPERTIES SOUTHEAST
Page 35: PAGE 30 MAJOR PROPERTIES WEYBURN UN
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
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ANNUAL REPORT 2001 AR 2001 ARC ENER
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Annual Report - 2001 - ARC Resources Ltd.

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