Shell Acquires ARC Resources in $16.4 Billion Deal
Shell has agreed to acquire ARC Resources, a Canadian energy company, in a $16.4 billion deal. The acquisition will expand Shell's production by 370,000 barrels of oil equivalent per day and combine ARC's 1.5 million net acres with Shell's 440,000 net acres in the Montney formation. The deal is expected to close in the second half of 2026.
Topics: acquisition ARC Resources energy Montney shale oil and gas Shell