ARC Resources Ltd. plans to spend $500 million on its 2020 capital program, down 28% from 2019’s $692 million. It expects production this year to average 155,000- 161,000 boe/d, a 14% increase from last year’s 139,000 boe/d. Besides drilling 65 wells, the company plans to complete two facility expansions at Dawson and Ante Creek. Dawson Phase IV will expand the Phase III plant, adding 90 MMcf/d to the facility’s processing capacity and increasing liquids......
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