ARC Resources Outperforms in 1Q; Maintaining 2013 Outlook

ARC Resources reported earnings after the market close Wednesday. The firm exceeded our expectations for production levels and earnings thanks to favorable well results in the Cardium region and minimal gas plant downtime at Dawson. Production for the quarter averaged 95.4 thousand barrels of oil equivalent per day. In addition to the favorable operations in the Cardium and Dawson plays, additional gas processing capacity at … Continue reading ARC Resources Outperforms in 1Q; Maintaining 2013 Outlook