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ARC RESOURCES LTD. ANNOUNCES CONSOLIDATION OF CONDENSATE-RICH MONTNEY ASSETS AT KAKWA
ARC RESOURCES LTD. ANNOUNCES CONSOLIDATION OF CONDENSATE-RICH MONTNEY ASSETS AT KAKWA C...
About this update from Arc Resources Ltd.
[{"type":"text","content":"\n\n\n\n ARC RESOURCES LTD. ANNOUNCES CONSOLIDATION OF CONDENSATE-RICH MONTNEY ASSETS AT KAKWA\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n May 14, 2025\n \n\n /CNW/ - (TSX: ARX) ARC Resources Ltd. (\"ARC\" or the \"Company\") today announced it signed a definitive agreement to acquire condensate-rich\n \n Montney\n \n assets in the Kakwa region in\n \n Alberta\n \n (the \"Assets\") from Strathcona Resources Ltd. in an all-cash transaction valued at approximately\n \n $1.6 billion\n \n\n (1)\n \n (the \"Transaction\"). The Transaction has an effective date of\n \n April 1, 2025\n \n and is expected to close in early\n \n July 2025\n \n , subject to customary closing conditions.\n \n\n The Assets, located directly adjacent to ARC's Kakwa development, will add approximately 40,000 boe per day of current production (approximately 50 per cent crude oil and liquids, 50 per cent natural gas), including approximately 11,000 barrels per day of condensate. The Assets are underpinned by a substantial drilling inventory, reinforcing ARC's position as\n \n Canada's\n \n largest\n \n Montney\n \n and condensate producer.\n \n\n\n STRATEGIC RATIONALE\n \n\n\n The acquisition of these premium\n \n Montney\n \n assets aligns with ARC's strategy to grow free funds flow per share and achieve a strong return on invested capital. The Transaction is expected to increase the capital returned to shareholders, while maintaining ARC's financial strength.\n \n\n The acquisition is accretive to ARC's base plan and is expec...