finance.yahoo.com

Shell Completes $16.5-Billion Acquisition of ARC Resources

Shell logoShell
Sig5.65Sen+3.90Env-2.40Soc0.00Gov0.00
ARC Resources logoARC Resources
Sig4.25Sen+2.85Env-3.60Soc0.00Gov+1.30

Shell completed its $16.5 billion ARC Resources acquisition on an updated enterprise value basis, including $2.5 billion of net debt and leases. ARC shareholders received C$8.20 in cash and 0.40247 Shell shares each. The deal adds about 370,000 boe/d, more than 1.5 million net acres in the Montney, and roughly 2 billion boe of proved and probable reserves, strengthening Shell’s Canadian LNG strategy.

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