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Shell to Acquire ARC Resources for $16.4 B, Adding 370 k bpd

4/27/2026

Summary

Shell Buys ARC

Shell agreed to buy shale producer ARC Resources for $16.4 billion, its largest acquisition since the BG Group purchase.
The $13.6 billion payment assumes $2.8 billion debt and carries a 20 percent premium to ARC’s 30-day average price.
The deal adds 370,000-374,000 barrels per day and 2 billion barrels of reserves, was cleared by boards, needs shareholder and regulator consent, will close in H2 2026, and saw Shell’s shares fall 2 percent while ARC’s rose over 20 percent.

Summary

Shell Integrates ARC

Shell will integrate ARC Resources into its Integrated Gas division, cementing Canada’s role in Shell’s LNG strategy.
The deal is expected to generate about $250 million in annual synergies within twelve months after closing.
ARC’s assets, located adjacent to Shell’s Groundbirch and Gold Creek projects, will strengthen upstream supply for LNG Canada.
Completion requires ARC shareholder approval, court sanction and regulatory clearance, with closing slated for the second half of 2026.

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Shell Buys ARC

Shell agreed to buy shale producer ARC Resources for $16.4 billion, its largest acquisition since the BG Group purchase.
The $13.6 billion payment assumes $2.8 billion debt and carries a 20 percent premium to ARC’s 30-day average price.
The deal adds 370,000-374,000 barrels per day and 2 billion barrels of reserves, was cleared by boards, needs shareholder and regulator consent, will close in H2 2026, and saw Shell’s shares fall 2 percent while ARC’s rose over 20 percent.

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