ARC Resources Ltd. (ARC) is a Calgary-based Canadian energy company founded in 1996, focused on the exploration, development, and production of crude oil, natural gas, condensate, and natural gas liquids. It operates primarily in the Montney formation across Alberta and northeast British Columbia, holding one of the largest contiguous land bases in the region with over 1 million net acres.
ARC is Canada's largest pure-play Montney producer and condensate producer, with average production around 370-410 thousand barrels of oil equivalent per day (kboe/d). Approximately 40% of its output is liquids, supporting low-cost operations and supply to projects like LNG Canada. The company maintains an investment-grade credit rating and pays quarterly dividends to shareholders, with shares listed on the Toronto Stock Exchange (TSX: ARX).
In April 2026, Shell plc announced a definitive agreement to acquire ARC in a cash-and-share transaction valued at approximately US$16.4 billion enterprise value, adding significant low-carbon-intensity reserves and production to Shell's portfolio. The deal, expected to close in H2 2026, is subject to approvals.
