ARC Resources Acquired by Shell | Energy M&A Deal

Shell has acquired ARC Resources, a oilfield services business in Canada’s Montney shale basin in British Columbia and Alberta, for US$13.6 billion. Shell acquires ARC Resources to expand liquids and gas production, adding about 370 kboe/d across shale gas and liquids with a low carbon intensity profile. ARC Resources operates in the Montney basin, supplying long-duration, low-cost shale output that strengthens Shell’s Canadian resource base. The strategic acquisition is structured as an energy M&A merger acquisition under a definitive agreement, with Shell targeting double-digit returns and free cash flow accretion from 2027 onward.