Greenfire Resources Acquires Connacher Oil and Gas for $900 Million
Greenfire Resources has agreed to acquire privately owned Canadian oil sands producer Connacher Oil and Gas in an all-cash deal valued at approximately C$1.27 billion ($900.4 million). The acquisition is expected to boost Greenfire's 2026 production to around 34,000 barrels per day (bpd) with combined reserves of 850 million barrels and a reserve life index of nearly 68 years.
Topics: acquisition energy production oil sands