The Globe and Mail reports in its Friday edition that Strathcona Resources has sold all of its Montney assets for about $2.84-billion and acquired Hardisty Rail Terminal as part of its "core area consolidation" strategy (all figures U.S.). A Reuters dispatch to The Globe says that previously owned by USD Partners, Hardisty is Western Canada's largest crude-by-rail terminal and an origination point for export pipelines to the United States. Strathcona acquired Hardisty for about $45-million in the first quarter of this year, it said. Combined with its Hamlin Terminal, Strathcona would now own and operate rail terminals handling about 80 per cent of Western Canada's current crude-by-rail volumes. The company sold its Kakwa asset to ARC Resources for around $1.7-billion, its Grande Prairie asset for around $850-million and its Groundbirch asset to Tourmaline Oil for $291.5-million. It expects to close the Kakwa and Grande Prairie asset sales in the early part of the third quarter this year, and the Groundbirch sale in the second quarter. Strathcona also revised its guidance, projecting second-quarter 2025 production at 180,000 barrels of oil equivalent per day, it said in a statement.