Deals
ARC Resources Said to Hire RBC for Sale of Saskatchewan Assets
- Assets could raise as much as C$750 million in sale: sources
- Calgary-based producer refocusing on higher-margin projects
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Canadian energy producer ARC Resources Ltd. is working with Royal Bank of Canada to sell a package of oil and natural gas properties that could fetch more than C$500 million ($380 million), according to people familiar with the matter.
The assets, in southeastern Saskatchewan, produced 7,777 barrels of oil equivalent per day in the three months ended June 30, according to the company’s website. The properties could fetch C$500 million to C$750 million, one of the people said.