ARC Resources Limited is a Canadian oil and gas producer based in Calgary, Alberta, the second largest Canadian oil and gas trust as of 2010.
ARC was founded in 1996 as a royalty trust with the acquisition of 21 properties from Mobil Oil Canada. The acquisition was funded by an initial IPO of $180 million on the Toronto Stock Exchange.
The company operated as a royalty trust from inception in 1996 until December 31, 2010. As a result of the Canadian Government’s change in the tax treatment of trusts ARC converted from a trust to a corporation on January 1, 2011.
Traded as: TSX: ARX
Industry: Oil and gas
Founded: 1996
Headquarters: Calgary, Alberta, Canada
Website: www.arcresources.com