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ARC Resources (TSX:ARX) reported an increase in income earned and oil and gas produced in Q2 2023 ARC reported net income in Q2 2023 of C$278.90, up from C$62.90 in Q2 2022, and delivered production of 343,630 boe (barrels of oil equivalent) per day The Montney producer plans to sell 25 per cent of its future gas output into international markets ARC Resources Ltd. opened trading at C$20.28 per share Calgary-based ARC Resources (TSX:ARX) reported an increase in income earned and oil and gas produced in Q2 2023. ARC reported net income in Q2 2023 of C$278.90, up from C$62.90 in Q2 2022, and delivered production of 343,630 boe (barrels of oil equivalent) per day (63 per cent natural gas and 37 per cent crude oil and liquids). Production increased 2 per cent year-over-year, and 13 per cent on a per share basis. Though Q2 production was impacted by 4,100 boe per day related to the wildfires in Alberta, production was fully restored in the quarter, with June production averaging 355,000 boe per day. The company’s assets, including its infrastructure, did not sustain any damages. The Montney region producer plans to sell 25 per cent of its future gas […]
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