Annual Report - 2001 - ARC Resources Ltd.

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FEATURE: commitment LEADERSHIP IN ENVIRONMENTAL PROTECTION… WHILE CREATING ADDITIONAL VALUE FOR UNITHOLDERS WITH THE STARTECH ACQUISITION IN JANUARY 2001, ARC BECAME OPERATOR OF A CRUDE OIL PROCESSING FACILITY IN THE LOUGHEED AREA IN SOUTHEASTERN SASKATCHEWAN. THE BATTERY HAD A LARGE NATURAL GAS FLARE WHICH WAS GENERATING SIGNIFICANT EMISSIONS. THE ARC TEAM RECOGNIZED AN OPPORTUNITY TO DEMONSTRATE ENVIRONMENTAL LEADERSHIP AND, AT THE SAME TIME, AN OPPORTUNITY TO CAPTURE THE MARKET VALUE OF THE HYDROCARBONS BEING FLARED. THE INSTALLATION OF SUCH A FACILITY WAS A CHALLENGE INVOLVING AN EXTENSIVE APPROVAL PROCESS REQUIRING THE INVOLVEMENT OF LOCAL AND PROVINCIAL AUTHORITIES IN ADDITION TO THE TECHNICAL CHALLENGES ASSOCIATED WITH THE DESIGN, CONSTRUCTION AND COMMISSIONING OF A NEW SOUR GAS PROCESSING PLANT.
PAGE 42 FEATURE: COMMITMENT DEFINING THE PROJECT SPECS THE ARC TEAM FIRST EXAMINED THE RESERVES THAT COULD BE CAPTURED BY A NEW PROCESSING FACILITY. AFTER ANALYZING THE UNIQUE COMPOSITION OF THE LIQUIDS-RICH GAS, IT WAS DETERMINED THAT A NEW FACILITY COULD REALIZE 200 BBL/D OF ADDITIONAL PRODUCTION, WITH THE POSSIBILITY OF HIGHER VOLUMES FROM OTHER AREA OPERATORS. A SIGNIFICANT REDUCTION IN EMISSIONS WAS ALSO PROJECTED AS THE PLANT COULD BE ENGINEERED WITH EMISSION LEVELS WELL BELOW REGULATORY REQUIREMENTS. BY AUGUST, ARC HAD COMPLETED A DETAILED COMMUNITY CONSULTATION PROCESS AND HAD RECEIVED ALL THE NECESSARY REGULATORY APPROVALS. PLANT CONSTRUCTION COMMENCED IMMEDIATELY AND STARTUP BEGAN IN JANUARY 2002. THE PROJECT WAS COMPLETED AT A COST OF $5 MILLION. Group: George Gervais, Wayne Lentz, Andy Magee, Dave Kehrig Inset: Mary Lawrence 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 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: PAGE 40 ENVIRONMENT, HEALTH AND SAF
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

Annual Report - 2001 - ARC Resources Ltd.

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