US EditionOil giant Shell agrees to buy Canada’s ARC Resources for $16.4 billion
The deal adds about 370,000 barrels of oil equivalent a day and 2 billion barrels of reserves to Shell’s upstream portfolio, the company said.
- On Monday, Shell plc agreed to acquire ARC Resources Ltd. for approximately $13.6 billion, significantly expanding its position in Canada's Montney shale basin.
- The transaction adds roughly 370,000 boed of production and approximately 2 billion boe of proved plus probable reserves, combining ARC's assets in British Columbia and Alberta with Shell's existing Montney footprint.
- Shell targets a compound annual growth rate of around 4% through 2030, with CEO Wael Sawan stating the deal strengthens the company's resource base for decades to come.
- The acquisition underscores continued consolidation in North American shale, highlighting the strategic importance of Canadian gas resources tied to LNG export growth.
- Subject to shareholder and regulatory approvals under the Investment Canada Act, the deal is expected to close in the second half of 2026.
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Shell Strikes $16 Billion Mega-Deal To Conquer Canada's Energy Heartland - Shell (NYSE:SHEL)
Shell PLC (NYSE:SHEL) shares are trading lower Monday after the company said it agreed to acquire ARC Resources Ltd., a Montney-focused producer in British Columbia and Alberta, in a cash-and-stock transaction. The deal carries an equity value of about $13.6 billion and an enterprise value of roughly $16.4 billion, including $2.8 billion in net debt and leases. Under the terms, ARC shareholders will receive 8.20 Canadian dollars in cash and 0.40…
Shell to Buy ARC Resources in $16.4 Billion Deal to Expand Canada Output
Shell is set to buy ARC Resources in a move that would expand the British oil major’s production in western Canada. The two companies announced on April 27 that the transaction, which includes assumed net debt and leases, is valued at C$22 billion, or about US$16.4 billion. The acquisition integrates ARC’s assets in British Columbia and Alberta Provinces with Shell’s existing assets there. ARC’s assets are concentrated in the Montney region, nea…
The British energy giant Shell is investing more than $16 billion in the acquisition of ARC Resources. What the Group is planning to do on the Canadian market.
The British energy giant Shell is investing more than $16 billion in the acquisition of ARC Resources. What the Group is planning to do on the Canadian market.
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