# The Montney region is considered an emerging oil and gas play as the biggest U.S. shale basins continue to mature.

*biotech · news · 2026-04-27 · Fortune*

## Key points

- Shell's $16.4 billion ARC acquisition adds 1.5 million net Montney acres to its 440,000-acre base.
- The deal decreases the likelihood of a near-term Shell takeover of BP due to its size.
- Shell views ARC's assets as strategic for servicing LNG Canada exports amid reduced Qatari gas shipments.
- The transaction is structured as 25% cash and 75% Shell stock, with closure expected by 2026.
- Shell is repositioning Canada as a heartland, reversing prior exits from Canadian oil sands assets.

**Companies:** Shell, ARC
**Countries:** Canada, United States

[Read the full story on Fortune](https://fortune.com/2026/04/27/shell-reverses-course-canada-buys-arc-resources-14-billion-oil-gas/)

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