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Greenfire Resources to buy Connacher Oil and Gas for C$ 1.28 billion cash

PUBT·07/13/2026 11:05:55
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Greenfire Resources to buy Connacher Oil and Gas for C$ 1.28 billion cash
  • Greenfire agreed to buy Connacher Oil and Gas for C$ 1.28 billion in cash, net of closing adjustments; closing expected in August 2026.
  • Connacher’s Great Divide thermal oil sands project is expected to average 19,500 bbl/d in 2026; proved plus probable reserves of 441 million bbl.
  • Combined 2026 output is expected at 34,000 bbl/d; proved plus probable reserves of 850 million bbl; long-term plan targets 65,000 bbl/d.
  • Financing includes about C$ 700 million from an upsized C$ 1 billion reserves-based loan, plus a C$ 575 million bridge to be repaid via a rights offering.
  • Annual synergies are estimated at about C$ 30 million by end-2026, driven by midstream, marketing, operating cost, and G&A savings.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenfire Resources Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607130700NEWSFILECNPR____20260713_304912_1) on July 13, 2026, and is solely responsible for the information contained therein.