Calgary-based Arc Resources Ltd. plans to expand its Montney Shale natural gas production this year as it builds reserves for selling up to 25% of future output to global markets to capture the LNG export premium.

To execute its strategy, total production in 2024 is forecast to average 350,000-360,000 boe/d, 63% weighted to natural gas. In 2025, output would average 375,000-400,000 boe/d, 60% gas weighted, CEO Terry Anderson said in the recent fourth quarter conference call.

“Our approach is simple in concept,” he said. It’s to ensure a “balanced investment in our assets, with a meaningful return of capital to shareholders, guided by our principles of discipline and financial strength. 

[Inside the Political Firestorm: NGI sits down with Neil Chatterjee, a former FERC...