# Shell plc, largest owner in the LNG Canada consortium, announced Monday it’s agreed to buy Calgary-based ARC Resources in a blockbuster $22-billion deal.

*business · news · 2026-04-27 · Calgary Herald*

## Key points

- Shell agreed to buy ARC Resources in a $22 billion deal, including $3.8 billion in ARC debt.
- The acquisition will make Shell the largest condensate producer and third-largest gas producer in Canada.
- ARC shareholders will receive 0.40 Shell shares plus $8.20 cash per ARC share, a 27% premium.
- Shell aims to use ARC's dry gas assets as feedstock for LNG Canada's operations.

**Companies:** Shell plc, ARC Resources
**Countries:** Canada

[Read the full story on Calgary Herald](https://calgaryherald.com/business/energy/shell-to-buy-calgary-based-arc-resources-for-22b-deal-establishes-canada-as-a-heartland-for-supermajor)

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