Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures

Ensign Acquires Nabors Canada Rig/Drilling Business

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Friday,June 25,2021

Ensign Energy Services said it had acquired Nabors Canada rig business.   The business consists of 35 land-based drilling rigs located in Canada, as well as related equipment and certain real property. Ensign will be funding the purchase price with cash on hand and available Credit Facilities.

Robert Geddes, Ensign’s President and Chief Operating Officer, commented on the Transaction: "The acquisition of Nabors’ assets in Canada provides Ensign an expanded fleet of high-spec drilling rigs along with highly technically trained crews, while expanding Ensign’s client base and providing cost synergies. Additionally, Nabors’ deeper high-spec fleet in Canada is equipped similarly to Ensign’s high-spec fleet, with automated drilling controls systems. This technical alignment, right at the drilling rig level, will help Ensign to accelerate the adaptation of more sophisticated drilling control systems that continue to drive innovation, creating value to our clients, all while reducing net emissions. Ensign looks forward to the Nabors’ employees becoming part of the Ensign team."


Recent Deals/Transactions

Date Annouced Category Headline Buyer(s) Seller(s) Value ($mm)
09/30/2022 E&P NOG Acquires Northern Delaware/Permian Assets for $157 Million 
09/22/2022 E&P Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock 
09/13/2022 E&P U.S. Energy Development Corp Acquires More Permian Assets 
09/08/2022 E&P EQT to Acquire Appalachia E&P, Midstream Assets for $5.2 Billion in Cash/Stock 
09/06/2022 E&P Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion 
08/23/2022 E&P Brigham Minerals Inks $133MM Cash Deal for Midland Basin Minerals, Royalties 
08/17/2022 E&P Northern Oil Picks Up Midland Basin Assets for $110 Million in Cash 
08/09/2022 E&P Devon Doubles Down in the Eagle Ford; Inks $1.8B Acquisition of Validus Energy 
08/04/2022 E&P APA Corp. Ups Ante in the Delaware Basin; Acquires Property for $555 Million 
08/01/2022 E&P Enerplus Sells Alberta Ante Creek, Medicine Hat Assets to Journey Energy for C$140MM 
Total

Latest Transaction News