The Globe and Mail reports in its Tuesday, July 14, edition that Greenfire Resources said on Monday that it has agreed to acquire privately held Connacher Oil and Gas for about $1.27-billion in cash. A Reuters dispatch to The Globe reports that on a combined basis Greenfire's 2026 production is projected to be about 34,000 barrels per day, with reserves of 850 million barrels and a long-term goal of reaching 65,000 b/d. Connacher is a thermal oil sands company with a 100-per-cent operated interest in the Great Divide oil sands project and is expected to produce about 19,500 b/d of oil in 2026, with proved plus probable reserves of roughly 441 million barrels. The deal will be financed through a mix of debt and equity, including an about $700-million draw on an upsized $1-billion reserves-based loan and a $575-million bridge facility. The bridge facility is expected to be repaid with proceeds from a planned rights offering, for which Waterous Energy Fund has committed a standby backstop of at least $575-million. Calgary-based Greenfire said it expects to capture about $30-million a year in synergies from combined midstream, marketing, operating cost and G&A savings by the end of 2026.