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Shell PLC SHEL-N is acquiring ARC Resources Ltd. ARX-T in a US$16.4-billion deal.
Shell is acquiring ARC Resources for US$16.4 billion, including assumption of US$2.8 billion debt.
KEY POINTS
- 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
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