business / news / / The Sunday Times
Shell will pay $13.6 billion for ARC Resources and take on $2.8 billion in debt.
Shell will acquire ARC Resources for $13.6 billion plus $2.8 billion in debt assumption.
KEY POINTS
- This acquisition will increase Shell's output by 370,000 barrels of oil and gas per day.
- Shell's expected annual production growth rate is now 4 percent, up from the previously guided 1 percent.
- ARC Resources’ assets in the Montney basin are adjacent to Shell’s existing Groundbirch operations.
COMPANIES
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