Greenfire Resources Ltd. is an intermediate, growth-oriented energy company engaged in the exploration, development, and production of heavy crude oil and bitumen in Western Canada. The company's operations are concentrated in the Athabasca oil sands region of Alberta, where it employs steam-assisted gravity drainage (SAGD) technology—an enhanced thermal oil recovery method—to extract diluted and non-diluted bitumen from its Tier-1 resource base. Greenfire's core producing assets are the Hangingstone Expansion and Hangingstone Demo facilities, which provide long-life, low-decline production profiles. The company generates its revenue entirely from the sale of heavy crude oil to refiners and commodity buyers in the broader petroleum market. In 2026, Greenfire announced a major expansion through the acquisition of Connacher Oil and Gas Limited, adding the Great Divide oil sands project to its portfolio and significantly increasing its production capacity and proven reserves. The company's strategic focus remains on optimizing its existing infrastructure, reducing costs, and driving capital-efficient production growth within the Canadian oil sands sector.
