Greenfire Resources Ltd. GFR

What this company does

Greenfire is an oil sands producer that develops long-life, low decline thermal oil assets in the Athabasca region of Alberta, Canada, using SAGD, an enhanced oil recovery extraction method, at its Hangingstone Facilities. As at December 31, 2025, Greenfire had 76 full-time employees and 10 consultants at its Calgary office, and 121 full-time employees and 20 contracted operators in various field locations. The Company owns a 75% working interest in the Expansion Asset, with the remaining 25% owned by CNOOC Petroleum North America ULC, and operates the asset, which is located in the southern Athabasca region of Northeastern Alberta, approximately 50 kilometers southwest of Fort McMurray. In 2025, the annual average gross production from the Expansion Asset was 14,320 bbls/d of bitumen, approximately 10,740 bbls/d net to Greenfire's working interest. The Company owns a 100% working interest in the Demo Asset, located approximately five kilometers from the Expansion Asset, where the annual average bitumen production in 2025 was 5,429 bbls/d. The Company maintains three distinct marketing agreements with Trafigura Canada Limited, referred to as the Petroleum Marketer.

Written from the business description in Greenfire Resources Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.