Areas of Operation

Currently, Arcan has set its focus on 3 core regions that reside within Alberta and NE BC. Arcan’s production and drilling inventory are concentrated in McLeod (West Central Alberta), Deer Mountain (Swan Hills), and Hamburg (Northwest Alberta).

Carrying a modest net undeveloped land position, Arcan has typically elected to take a surgical approach of acquiring only the acreage that bears drilling opportunities. A large portion of the land holdings are blanketed with 3-D seismic, which has helped in identifying a drilling inventory of around 2 years. Specifically, two of Arcan’s main pools at Deer Mountain and Hamburg, both now under waterflood, have been largely delineated with the help of recent seismic acquisitions.  Arcan's recent purchase of a large land block to the south of Deer Mountain could yeild significant further development opportunities.  Arcan plans to drill 1 - 2 initial wells, and based on success, would follow up with a 3D seismic program to highlight further drilling.

While material growth is expected this year, Arcan will maintain its current weighting toward crude and NGLs. The waterflood at Deer Mountain and the pending waterflood in Hamburg will continue to add reserves and extend our production life as the majority of our assets will be covered by enhanced recovery schemes.