ARC Resources unveiled a $775 million capital budget for 2019 that kicks off a
three-year program designed to boost organic liquids production and improve cash flows
per share. The 2019 capital budget is up 12% from the expected $690 million in 2018,
but down 6.6% from 2017 spending. ARC also announced 2019 production guidance
of 810-852 MMcfe/d (76% gas), up 5% from the midpoint of the 2018
guidance and 13% from the
actual 2017 results.
ARC plans to invest $420 million......
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