Shell Completes $13.9B Acquisition of ARC Resources in Montney Basin
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Calgary – September 07, 2026 -- Shell plc has closed its acquisition of ARC Resources Ltd. (TSX: ARX), adding roughly 370 kboe/d of immediate production capacity across liquids and gas in Canada's Montney basin after clearing all shareholder, court and regulatory approvals.
Deal adds 370 kboe/d and lifts Shell's production growth outlook to 4% CAGR through 2030
The transaction accelerates Shell's stated strategy of expanding exposure to long-duration, low-cost liquids production. Shell said the addition supports a production compound annual growth rate of approximately 4% through 2030 compared with 2025 levels.