On 22 January 2020, Questerre Energy announced that it has closed the acquisition of Utica shale gas-prone assets in the Saint Lawrence Lowlands of Quebec, consisting of exploration rights to 753,000 net acres (3,047 sq km). The deal, which more than triples the company's current acreage, was concluded with Repsol who was Questerre's partner in the acreage. According to Questerre, an independent resources assessment has placed the area's contingent and prospective gas resources at 3.9 Tcf and 21.3 Tcf, respectively. The shale exploration-focused company is headquartered in Calgary and listed on the stock exchanges of Toronto, Canada, and Oslo, Norway.   Questerre will pay CAD 16.1-million for the working interest in the 16 tracts located in the Utica shale gas-prone Saint Lawrence Lowlands of Quebec.  Questerre currently has operations in the Montney shale gas play in Alberta and in the Bakken tight oil play in Saskatchewan. While it has maintained that it intends to carry out shale exploration with "zero emissions, zero freshwater usage and zero toxic chemicals by using new technologies and leveraging Quebec's hydropower advantage", recent efforts by the province's government to ban hydraulic fracturing have put these plans into doubt.
Questerre Energy announced that it has closed the acquisition of Utica shale gas-prone assets in the Saint Lawrence Lowlands from Repsol, consisting of exploration rights to net 3047kmÂ²). According to Questerre, an independent resources assessment has placed the area's contingent and prospective gas resources at 3,9 Tcf and 21,3 Tcf, respectively.