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2011 Budget ARC’s Opportunities

By the numbers 2010 Actual

North East $242 MM British Columbia 39,700 boe/d North West 35 wells (1) Alberta

North East British Columbia North West Alberta

Northern $130 MM Alberta 11,400 boe/d 19 wells (1)

Northern Alberta

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

12 11,541 27.15 58,852 14.1

Redwater $22 MM 4,400 boe/d 14 wells (1)

Redwater

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

8 4,179 42.52 26,259 16.2

Pembina $97 MM 9,200 boe/d 42 wells (1)

Pembina

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

25 9,143 37.51 48,028 14.3

central $5 MM Alberta 2,900 boe/d 3 wells (1)

central Alberta

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

13 6,555 23.65 25,085 10.3(4)

South East $16 MM Alberta & 7,900 boe/d South West 5 wells (1) Saskatchewan

South East Alberta & South West Saskatchewan

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

48 8,414 16.21 38,126 13.3

South East Saskatchewan & Manitoba

Wells Drilled (1) Production (boe/d) Netback ($/boe) Reserves (mboe) (2) Reserve Life Index (3)

33 10,463 46.21 46,281 11.6

South East $88 MM Saskatchewan & 11,000 boe/d Manitoba 48 wells (1)

Wells Drilled (1) 38 Production (boe/d) 23,656 Netback ($/boe) 16.73 Reserves (mboe)(2) 244,786 Reserve Life Index(3) 16.9

Volumes Capital Year Average Gross $MM (boe/d) Wells 2011 budget Operated 562.3 Non-operated 63.3 TOTAL 625.6* * INCLUDES CORPORATE $26.7MM

72,000 – 74,000 166 11,000 – 13,000 83 84,000 – 87,000 249

1. Well counts are taken on a gross operated basis 2. Based on proved plus probable reserves before royalties 3. RLI is calculated based on forecast 2011 production numbers 4. RLI was calculated excluding 14.2 mmboe P+P reserves relating to assets divested in January 2011 and included in the year-end 2010 reserves evaluation.

2010 Annual Report  

ARC Resources 2010 Annual Report

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