ARC Resources Ltd. announced that it has reduced its 2015 capital budget to $750 million from the previously announced $875 million capital budget, due to the continued deterioration in commodity prices. The 2015 capital program remains strategically consistent with its long-term plan and is focused on creating value by directing capital to a mix of crude oil, liquids-rich gas and natural gas opportunities that continue to provide profitable returns at low commodity prices. ARC's 2015 capital budget includes investment in strategic infrastructure at Sunrise and front-end engineering and government applications for the Dawson liquids-rich gas processing facility, which will set the stage for future growth in key areas in the Montney region.

Capital will also be directed to advancing the lower Montney development at Dawson and Pouce Coupe as well as the construction of a 5,000 barrel per day oil battery at Tower. Despite the reduction in capital, ARC expects average 2015 production volumes to continue to be in the range of 120,000 to 125,000 boe per day.