# Shell PLC SHEL-N is acquiring ARC Resources Ltd. ARX-T in a US$16.4-billion deal.

*business · news · 2026-04-27 · The Globe and Mail*

## Key points

- Shell is acquiring ARC Resources for US$16.4 billion, including assumption of US$2.8 billion debt.
- The deal boosts Shell's Montney production by 370,000 barrels per day and 1.5 million net acres.
- Shell advances from seventh to second-largest Montney producer, now trailing only Ovintiv.
- Arc's assets will directly support Shell's potential LNG Canada terminal expansion in Kitimat.
- Analysts believe more Montney consolidation and foreign investment interest are likely after this deal.

**Companies:** Shell PLC, ARC Resources Ltd, Tourmaline Oil Corp, Whitecap Resources Inc, Ovintiv Inc
**Countries:** Canada, United States

[Read the full story on The Globe and Mail](https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-shell-buying-calgary-based-arc-resources-in-164-billion-deal-as-it/)

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