May 14 (Reuters) - Canadian oil and gas producer

Strathcona Resources ( STHRF ) said on Wednesday that it has sold

all of its Montney assets for about $2.84 billion.

The company sold its Kakwa asset to ARC Resources ( AETUF )

for around $1.7 billion, its Grade Prairie asset for around $850

million, and its Groundbirch asset to Tourmaline Oil ( TRMLF )

for $291.5 million.

Strathcona stated that the Kakwa and Grande Prairie asset

sales are expected to close in the early part of the third

quarter this year, while the Groundbirch sale is anticipated to

close in the second quarter.

The company also revised its guidance, projecting

second-quarter 2025 production at 180 Mboe/d.

Full-year 2025 production is expected to range between

150-160 Mboe/d, with 120-125 Mbbls/d anticipated in the third

and fourth quarters following the Montney asset dispositions, it

said in a statement.

Strathcona went public in 2023 after acquiring its smaller

rival Pipestone Energy. It has a market capitalization of $4.17

billion, as per LSEG data.