ARC Upbeat on 2026 Natural Gas Outlook, Despite Attachie Woes

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Written by Will Ploch, Assistant Editor-in-Chief for IIR News Intelligence (Sugar Land, Texas)

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Summary

ARC Resources reported record production results for 2025, which it plans to raise even further in 2026, but saw a major setback at one of its key developments.

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Record Output, Set for Further Growth

Canadian natural gas producer ARC Resources plans to boost its output while maintaining its spending levels in 2026, after reporting record annual production for 2025. But setbacks at its Attachie project loomed over the otherwise upbeat news, as the development in British Columbia's Montney Shale is one of the company's most closely watched ventures. Industrial Info is tracking more than US$6 billion worth of active and proposed projects from ARC, all of which are in the Montney.

ARC executives say they expect the company's production will average between 405,000 and 420,000 barrels of oil equivalent per day (BOE/d), about 61% of which will be natural gas and the remainder crude oil or liquids. Production averaged 374,336 BOE/d in 2025, about 59% of which was natural gas. Capital expenditures (capex) are expected to total between $1.8 billion and $1.9 billion, following $1.91 billion of capex in 2025.

Among the company's major projects set to kick off in the coming weeks is the Sunrise Field Expansion & Drilling Program near Farmington, British Columbia, where the company plans to drill 13 new wells, as well as complete and tie-in any wells left unfinished from 2025. Product from the field will feed three separate trains at the Sunrise Gas-Processing Complex.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Plant and Project databases can learn more about the Sunrise development--including capacities, investment values and necessary equipment--from a plant profile and a detailed project report.

"With natural gas prices strengthening toward the end of the year, we restored production at Sunrise that was previously curtailed," said Dale Lewko, manager of capital markets for ARC, in a quarterly earnings-related conference call. Lewko also noted that in 2025, ARC "curtailed nearly 400 million cubic feet per day of natural gas at Sunrise during periods when natural gas prices were low."

By the Numbers

• More than US$6 billion: Total investment in projects from ARC Resources tracked by Industrial Info
• Up to 420,000 BOE/d: ARC's projected average production for 2026
• 13: New wells expected at ARC's Sunrise development in 2026

Attachie West Off to a Slow Start

ARC executives acknowledged one of the company's most anticipated projects, the Attachie West development in northeastern British Columbia, faced significant setbacks toward the end of 2025. While the large, condensate-rich asset is in its early stages, its first production results "have been variable and below expectations," according to the quarterly earnings release.

"In response, ARC has adjusted its development schedule to further evaluate well performance and determine an appropriate development plan for Attachie going forward. As a result, ARC is removing asset-level production guidance at Attachie for 2026."

Executives insisted the company "remains confident in the long‑term potential of the resource at Attachie." The 2026 drilling and field-expansion program, which covers the last 14 wells for the first phase of the project, is set to begin in the coming weeks; it is slated to provide feed to the planned Phase II of the Attachie West Gas-Processing & NGL Production Plant, which is designed to double Attachie West's output of natural gas and natural gas liquids (NGL).

Subscribers can learn more from a plant profile and detailed reports on the drilling program and Attachie West Phase II.

ARC executives also see potential in the company's Septimus development in northeastern British Columbia, where the company hopes to drill up to 25 new wells to provide feed to its proposed Septimus Gas-Processing & NGL Production Plant. If approved, ARC expects this would be the first of three phases of a larger development. Subscribers can learn more from a plant profile and a detailed reports on the drilling program and processing plant.

ARC Resources reported a net income of C$1.275 billion (US$940 million) for full-year 2025, a 13.84% increase from 2024.

Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for active and proposed projects from ARC.

Subscribers can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

Key Takeaways

• ARC plans to boost its output while maintaining its spending levels in 2026.
• Setbacks at its Attachie project soured otherwise positive results for 2025.
• ARC remains confident in the long‑term potential of Attachie.

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About IIR News Intelligence
IIR News Intelligence is a trusted source of news for the industrial process and energy markets, powered by Industrial Info Resources' Global Market Intelligence (GMI).

About Industrial Info Resources
Industrial Info Resources (IIR News Intelligence) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 250,000 current and future projects worth $30.2 trillion (USD).