Shell Completes $16.5 Billion Acquisition of ARC Resources
Source Summary
Shell has completed its acquisition of ARC Resources, a major Canadian Montney shale producer, for approximately $16.5 billion including assumed debt. The deal expands Shell's position in one of North America's largest natural gas and liquids plays.
Why it matters
The completion of this major acquisition strengthens Shell's natural gas and liquids production capacity in a key North American resource basin.
