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Fuel Line Disconnection Tool
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Included in the 2023 budget, we invested $140 million in water infrastructure at Kakwa. In Q4 of 2022, we started receiving permits on freehold lands which sets us up to efficiently execute our 2023 program. In Western Canada, consumption is roughly 700, 000 barrels a day, demand is growing and production is approximately 400, 000 barrels per day.
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Everything that we have is core and makes it simple because we've done a lot of the cleaning up over the years on this but that's where we sit today. I would like to thank our staff for their continued focus on safety during this period of tremendous activity. We executed to plan, on budget and delivered record results. And so again, really just talking to that stronger performance, lower decline and the result of widening that inter-well spacing. As Terry mentioned, we closed the year with a record quarter. What year did bc open their ip.com. As Certified B Corporations and leaders of this emerging economy, we believe: That we must be the change we seek in the world. If I could ask a follow-up question.
Second, for the 15th consecutive year, we replaced greater than 140% of production with 2P reserve additions. First, at Dawson, we achieved 1 Tcf of natural gas produced, proof of the quality and scale of our asset base. Strong commodity prices certainly contributed to our record results. And is there anything beyond what was released at that public press conference? B Corp Certification is holistic, not exclusively focused on a single social or environmental issue. The listing of IONOS, whose closest peer is U. S. -based GoDaddy, was seen as a test of investor appetite after IPO activity all but ground to a halt in 2022 as the global economy slowed amid soaring inflation and energy prices. Paired with strong commodity prices, ARC generated record free cash flow of $2. Egypt opens 4,000-year-old tomb on Luxor's West Bank, oldest open to public | Nasdaq. If so, click here in addition to your corresponding Certification Guide. During Verification, you'll have your review call with an analyst, go through your verification report, and provide all documentation backing up your answers to the Assessment. And one final question for me.
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Moving forward, we'll continue to evaluate additional commercial opportunities that leverage our investment-grade credit rating, scale and ESG leadership, all competitive strengths that make these types of transactions possible. Are you recertifying? Did you know that each year, B Lab releases Best for the World lists of the top-performing Certified B Corps from around the globe? And yes, very pleased. Let me be clear, Attachie is the best development project in our portfolio and sanctioning it is a priority for us. So I think we'll see some bigger volumes out of Kakwa in parts of H2 which will offset other moments in time when we maybe have lower production as we have well shut-in for frac offsets. At this time I would like to welcome everyone to the ARC Resources Fourth Quarter and Year-End 2022 Earnings Conference Call. What year did bc open their ipo embracing streamers. The proposed amendments build on rules adopted by Shanghai's Star board in 2019 and Shenzhen's ChiNext in 2020, Wang said. 40 euros apiece and were changing hands at around 18. And finally, we have confirmed that wider spacing implemented last year is improving long-term well performance. And then on the Kakwa well inventory, it looks like in your updated slides, there's maybe about 1, 000 wells left. With input from experts and stakeholders, B Lab's Standards Advisory Council continually evolves our risk standards to effectively evaluate the potential negative impacts of different industries, policies, and practices. Aaron, it's Lara Conrad.
From a production standpoint, we delivered record annual production of nearly 346, 000 BOE per day and record fourth quarter production of around 360, 000 BOE per day, an increase of 16% per share year-over-year. In periods of regional price dislocation, ARC has historically captured strong margins and this quarter was no different. What year did bc open their ip address. And second, the operational momentum in BC is going to enable scalable investment opportunities like Attachie that will significantly enhance our free cash flow. So we have drilled some lower Montney wells. The shares started trading below the issue price through the first day of trading on the Frankfurt Stock Exchange and closed at 17. 1 billion of free cash flow at the operating level in 2022 alone. Could you may be shed some light on what some of those specific details are that you're looking at?
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So when we put our forecast out for Kakwa, in particular, we look at the overall annualized but you bet month-to-month, we're going to see some fairly big swings in production as is typical in liquids-rich fields. So overall, very pleased. The improved well performance at Kakwa resulted in an excellent year for reserves which really highlights the depth and quality of our Montney inventory. This past year, we executed our largest capital program on record and most importantly, we did it safely. 4x funds flow, inclusive of the $1 billion of investment-grade senior notes outstanding. China IPO Reform Is ‘Significant Milestone’, Goldman Sachs Says. What -- if you just wanted to hold things flat there, how many wells do you think you guys would need to drill every year? Can you -- and I know you were, I believe, on the whole targeting more higher CGR wells in 2022. Recertification confirms these standards continue to be met on an ongoing basis.
So we did see some strong technical revisions from the base performance at Kakwa and that's really a result of us widening our inter-well spacing. Our view is that they need to be codeveloped, that if you come in after having drilled up the middle Montney, those are not actually fully separate layers. Before I turn it over to our executive team to take you through our operational and financial highlights, I'll remind everyone that this conference call includes forward-looking statements and non-GAAP and other financial measures with the associated risks outlined in the earnings release and our MD&A. Given the strengths of our relationships and the merits of a project like Attachie, we are well positioned to build on this momentum and capitalize on the investment opportunity in front of us. Production, funds flow and free funds flow per share registered 2% to 7% above consensus. Establishing a new framework to sustainably develop that resource is critical. ARC Resources Ltd. (OTCPK:AETUF) Q4 2022 Earnings Conference Call February 10, 2023 10:00 AM ET. First is a look back on 2022. Make a legal commitment by changing their corporate governance structure to be accountable to all stakeholders, not just shareholders, and achieve benefit corporation status if available in their jurisdiction. All dollar amounts discussed today are in Canadian dollars, unless otherwise stated. If you meet the verified 80-point threshold, you'll enter the Post-Verification stage and sign the B Corp Agreement.
LONDON — Shares in German web hosting company IONOS dipped below the price of its initial public offering (IPO) on Wednesday after Europe's first major stock market debut since Porsche in September. So we think about our overall development plan as a 3D development plan. At year-end, net debt was $1. First quarter production is expected to be lower than fourth quarter of 2022 due to unplanned third-party pipeline outages impacting our production in BC.
So you're correct that if we see value in that and a way of developing that as a separate layer, you would see those inventory counts come up.