Ensign Energy Services to buy Canadian drilling assets from Nabors Industries
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 24/06/2021 (1940 days ago), so information in it may no longer be current.
CALGARY – Oilfield services company Ensign Energy Services Inc. says it has signed a deal to buy the Canadian drilling assets of Nabors Industries Ltd.
Financial terms of the agreement were not immediately available.
The companies say the deal includes Nabors’ fleet of 35 land-based drilling rigs in Canada, as well as related equipment and certain other property.
Robert Geddes, Ensign’s president and chief operating officer, says the deal gives Ensign an expanded fleet of drilling rigs along with highly trained crews.
Ensign provides contract drilling and other services in Canada, the U.S. and internationally.
The deal is subject to certain closing conditions and regulatory approvals.
This report by The Canadian Press was first published June 24, 2021.
Companies in this story: (TSX:ESI)