Ensign Energy Services

Ensign Energy Services Inc. is a publicly traded Canadian company that provides oilfield services for the North American and international market.<ref name=":0">Template:Cite news</ref> Founded in 1987,<ref name="Company History2">Template:Cite web</ref> Ensign is headquartered in Calgary, Alberta. Ensign's Common Shares are publicly traded though the facilities of the Toronto Stock Exchange under the trading symbol ESI.<ref>Template:Cite news</ref>

Global Operations

Ensign is one of the world's land-based drilling and well servicing contractors serving crude oil, natural gas and geothermal operators.Template:Verify source The company’s premium service is focused on contract drilling with complementary services such as directional drilling, underbalanced and managed pressure drilling, rental equipment, well servicing and production services.<ref>Template:Cite news</ref> Today, the company owns 302 drilling rigs and 102 service rigs across the globe. It has more than 5,000 employees, the majority of whom are field-based. <ref>Template:Cite news</ref>

North America Template:USA Template:CAN Template:MEX South America Template:ARG Template:VEN Template:Col-3 Middle East Template:UAE Template:KUW Template:OMN Template:BHR Oceania Template:AUS

History

1987 to 2007

Ensign was founded in 1987 as Ensign Resource Service Group.<ref name="Company History2" /> It listed on the Toronto Stock Exchange in 1993. In the second quarter of 2005, the company changed its name from Ensign Resource Service Group to its current name.

2008 to Present

In 2011, the company was accused of option backdating;<ref>Template:Cite news</ref> it eventually reached a $4 million settlement.<ref>Template:Cite news</ref> In 2015–2016, it experienced significant losses of $104 million and $150 million; in the 2009 to 2016 period, it closed down 200 rigs.<ref>Template:Cite news</ref>

In August 2018, Ensign made a C$470 million hostile takeover offer for Trinidad Drilling.<ref>Template:Cite news</ref> On November 27, 2018, Ensign announced the successful acquisition of a total of 66.73 per cent of the outstanding common shares of Trinidad Drilling Ltd. ("Trinidad"), including the 9.82 per cent previously held by Ensign, which increased to 89.3 per cent by December 21, 2018. <ref>Template:Cite news</ref> The company reported a 72 per cent increase in revenue in its first full quarter since acquiring Trinidad Drilling Ltd. <ref>Template:Cite news</ref>

In 2019, the company was awarded significant new drilling contracts in the United States, Canada and the Middle East. <ref>Template:Cite news</ref>

See also

• List of oilfield service companies