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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.
Acquisitions and Disposals
In 1999, ARC acquires Starcor Energy Royalty Fund and Orion Energy Trust.
In 2001, ARC reaches $1 billion market capitalization. ARC completes the acquisition of Startech Energy Inc. for $340 million deal.
In 2003, ARC purchases Star Oil & Gas Ltd. for $710 million, including the Dawson gas field.
In 2005, ARC announces a $462 million strategic acquisition of properties in the Pembina and Redwater fields from Imperial Oil and ExxonMobil.
In 2010, ARC completes the acquisition of Storm Exploration Inc., adding the Parkland field.
In 2016, ARC sold $700 million in assets in Southeast Saskatchewan to Spartan Energy Corporation.
In 2021, ARC closed its strategic combination with Seven Generations Energy Ltd. in an all stock deal valued at $8.1 billion inclusive of debt. The resulting company continued to operate as ARC Resources Ltd.
