Ante Creek

 

Montney Oil Success Story

Ante Creek is a key property with abundant potential for near-term growth and future development.  Located in the oil prone Montney fairway in northern Alberta, ARC’s operations at Ante Creek produce a mixture of oil, liquids-rich gas and natural gas. The area contributed approximately 20 per cent of ARC’s 2013 total high value liquids production.  During 2013, ARC grew its land position at Ante Creek by 76 net sections through tuck-in acquisitions and Crown land sales.  Since first entering the area in 2000, ARC has strategically grown its land position over 16 times.  ARC has demonstrated leading capital efficiencies in the area, driving costs down through the execution of pad well development and new completion techniques.  With an extensive drilling inventory in the region the application of new technology continues to uncover additional value.  Ante Creek will continue to be a main focus area for ARC in 2014. 

• Production increased 57% from Q4 2012 to Q4 2013
• 75% growth in liquids production from Q4 2012 to Q4 2013
• Drilled 38 gross operated wells with focus on pad development
• Achieved excellent economics at 50% rate of return at flat $3/GJ AECO and C$85/bbl

2014 Outlook

ARC plans to direct $200 million of spending to Ante Creek in 2014 to continue to delineate this large and prospective land base. The capital program will include 40 gross operated horizontal Montney oil wells.  Production in the area is expected to increase approximately 25 per cent in 2014 to average in excess of 15,000 boe per day.  ARC will continue to optimize capital and operational efficiencies and leverage surface infrastructure in the area through multi-well pad drilling and infill drilling. 

Ante Creek - 5-Year Production Growth