Terry Anderson is president and CEO of ARC Resources. Photo by Wil Andruschak © Postmedia Network Inc.
Peter Kenter © Postmedia Network Inc.
Terry Anderson joined ARC Resources in 2000 as an engineer. Today, as ARC turns 25, he’s president and chief executive officer of a much larger and stronger company that continues to operate according to its founding principles.
“Honouring those principles is the reason behind our success,” Anderson says. “We find that most of them flow from our team’s commitment to do what’s right and simply treat everyone — from employees to contractors and community partners — with respect.”
Earlier this year, ARC joined forces with Seven Generations Energy Ltd. (7G) to become Canada’s sixth-largest energy producer, its third-largest natural gas producer and its largest condensate producer. ARC now has an enterprise value of $10 billion and employs more than 1,000 staff.
ARC’s home turf is the Montney resource play, a prolific formation that spans northwestern Alberta and northeastern British Columbia. ARC was the first resource company to employ horizontal drilling in the Montney, allowing the world to benefit more fully from trillions of cubic feet of recoverable natural gas and billions of barrels of recoverable natural gas liquids, condensates and oil.
Anderson sees natural gas as an essential source of energy to help bridge a transition to a low-carbon future, as the gas replaces coal and oil-fired electric plants around the world and helps to support a growing and increasingly electrified global economy.
Maintaining a long-term focus on profitability and a commitment to responsible development is critical in delivering value to ARC’s shareholders, stakeholders, partners and employees.
“At ARC, this means being disciplined with capital, working collaboratively with our partners and communities, minimizing the environmental impacts of our development activities and creating a safe and engaging workplace for our people,” says Anderson. “Having a long-term vision and managing risk in all of our activities has allowed us to navigate the energy cycles of the past 25 years and remain profitable.”
What does Anderson hope to see looking back from the next 25 years?
“I want ARC to be a company that’s well-regarded, that employees want to work for and that partners want to work with,” he says. “If these three things remain true, I know the company will have remained successful.”
This story was created by Content Works, Postmedia’s commercial content division, on behalf of Calgary Economic Development.