# Shell snaps up Canadian energy firm ARC for $16.4bn in bid to boost production.

*business · news · 2026-04-27 · City A.M.*

## Key points

- Shell will acquire Canadian shale producer ARC Resources for $16.4 billion using cash and shares.
- The deal adds ARC’s 1.5 million net acres of gas fields to Shell’s 440,000 in the Montney region.
- Shell expects the acquisition to enable 1.4 million barrels per day production by 2030.
- Both Shell’s and ARC’s boards unanimously supported the transaction, pending shareholder and regulatory approval.
- The acquisition is projected to add 370,000 barrels per day and deliver double digit returns for Shell.

**Companies:** Shell, ARC Resources
**Countries:** Canada, United Kingdom

[Read the full story on City A.M.](https://www.cityam.com/shell-buys-canadian-energy-firm-in-bid-to-boost-production/)

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