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ARC Front final 3/4/02 9:26 AM Page 18

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O P E R AT I O N S R E V I E W

DEVELOPMENT PROGRAM – ARC OPERATED PROPERTIES

ARC successfully drilled 115 operated wells in 2001 with an equal focus on oil and gas production. The main areas for drilling were Ante Creek with 15 oil wells and southeast Alberta with 60 shallow gas and 10 oil wells. Another active area was southeast Saskatchewan where 16 oil wells were drilled and increased utilization of horizontal drilling technology led to increases in production and reserves. Drilling programs also continued at Pembina and at Sundre in Central Alberta, while waterflood optimization took place in several ARC-operated areas. 2001 Established

Total

Average

Total

Reserves

Reserves

Production

Production

(mboe)

(%)

(boe/d)

(%)

Lifting Netback ($/boe)

Costs ($/boe)

Northern Alberta & BC

48,072

27

10,106

23

22.13

4.82

Ante Creek

14,190

8

1,927

5

22.85

2.73

Dunvegan Gas Unit No. 1

4,565

3

643

2

20.51

2.09

House Mountain Unit No. 1

2,470

1

430

1

26.21

5.97

Pembina

29,875

17

8,696

20

19.93

6.82

MIPA

12,682

7

1,758

4

22.16

11.33

Berrymoor Cardium Unit

5,585

3

659

2

24.03

7.32

Lindale Cardium Unit

3,102

2

581

1

24.18

8.14

Central Alberta

27,609

16

7,122

17

19.45

5.82

Sundre

7,186

4

1,278

3

16.30

8.90

East Garrington

3,414

2

877

2

21.59

3.72

Caroline Swan Hills Unit No. 1

3,200

2

1,445

3

19.42

3.22

Caroline Cardium E Pool Unit

2,248

1

657

2

19.53

7.82

Southwest Saskatchewan

28,672

16

7,950

18

20.50

4.80

Jenner

12,703

7

2,584

6

21.49

6.21

Southeast Alberta &

Brooks

6,751

4

2,350

6

23.01

2.89

Southeast Saskatchewan

44,267

25

9,237

21

17.71

4.80

Lougheed

10,492

6

3,111

7

17.54

2.90

9,931

6

1,448

3

19.36

3.64

6,654

4

985

2

22.21

1.49

20.15

5.47

Weyburn Unit Midale Unit Total

178,496

ARC’s established reserve life index is 11.5 years.

ARC

ENERGY

TRUST

AR 2001

43,111

2001  

Annual Report

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