ARC Resources (ARX:TSX) is a Calgary-based oil and natural gas exploration company with operations in Western Canada. With its operations concentrated in the Montney play, ARC has become Canada’s largest producer of condensates (natural gas liquids) and the third largest producer of natural gas. Condensates are frequently used as a diluent that is combined with heavy crude (bitumen) which is the grade that’s commonly mined from Canada’s massive oil sands reserves. Adding diluent enables heavier grades of crude to be transported by pipeline.
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By Charles Marleau CIM® and William Mitchell CIM®
