ARC Readies for Canada's LNG Export Boom with Montney Buildouts

May 28, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian oil and gas producer ARC Resources Limited (Calgary, Alberta) is preparing for a boom in Canada's market for liquefied natural gas (LNG) exports. The company bolstered its position in the Canadian energy markets in first-quarter 2025 through major agreements with ExxonMobil Corporation (Spring, Texas) and Strathcona Resources Limited (Calgary, Alberta). Industrial Info is tracking more than US$6.5 billion worth of active and proposed projects from ARC, more than US$4 billion of which is attributed to drilling programs. Earlier this month, ARC announced it had signed a definitive agreement to acquire condensate-rich Montney assets in Alberta's Kakwa region from Strathcona Resources for about US$1.6 billion. The deal, which is expected to close in early July 2025, is expected to add roughly 40,000 barrels of oil equivalent per day (BOE/d) of production. Other companies featured: Shell plc