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BRIEF-Arc Resources Ltd. Reports First Quarter 2019 Financial And Operational Results

Published 2019-04-30, 05:49 p/m
© Reuters.  BRIEF-Arc Resources Ltd. Reports First Quarter 2019 Financial And Operational Results
ARX
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April 30 (Reuters) - ARC Resources Ltd ARX.TO :

* ARC RESOURCES LTD. REPORTS FIRST QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS

* ARC RESOURCES - QUARTERLY PRODUCTION OF 139,054 BARRELS OF OIL EQUIVALENT PER DAY

* ARC RESOURCES LTD - EXPECTS TO GENERATE FUNDS FROM OPERATIONS IN EXCESS OF ITS ANTICIPATED 2019 DIVIDENDS OF APPROXIMATELY $210 MILLION

* ARC RESOURCES - IN 2019, EXPECTS TO GENERATE FUNDS FROM OPERATIONS IN EXCESS OF ITS ANTICIPATED SUSTAINING CAPITAL REQUIREMENTS OF ABOUT $400 MILLION

* ARC RESOURCES LTD - IN Q2, OPERATIONS WILL BE AFFECTED BY THIRD-PARTY PIPELINE MAINTENANCE, SIGNIFICANT TURNAROUNDS

* ARC RESOURCES LTD - IN Q2, OPERATIONS WILL ALSO BE AFFECTED BY ANTICIPATED SPRING BREAK-UP IMPACTS TO PRODUCTION AND FIELD OPERATIONS

* ARC RESOURCES LTD - PRODUCTION IS EXPECTED TO BE APPROXIMATELY FIVE PER CENT LOWER IN Q2

* ARC RESOURCES LTD - EXPECTS THAT PRODUCTION WILL RAMP UP THROUGH SECOND HALF OF 2019

* ARC RESOURCES LTD - FULL-YEAR 2019 AVERAGE DAILY PRODUCTION IS EXPECTED TO BE WITHIN GUIDANCE RANGE OF 135,000 TO 142,000 BOE PER DAY.

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