CreatorsPublishersAdvertisers
View more in
Business

Ensign Energy Services Inc. and Nabors Industries ltd. - Announce the closing of the sale of Nabors' Canadian drilling assets to Ensign Energy Services Inc.

Business Insider
 2021-07-29

CALGARY, AB, July 29, 2021 /CNW/ - Ensign Energy Services Inc. ("Ensign") and Nabors Industries Ltd. ("Nabors") are pleased to announce the completion of the purchase by Ensign of the fleet of 35 land-based drilling rigs owned by Nabors' Canadian subsidiary, as well as related equipment, inventory, and real property (the "Transaction"), for a purchase price of CDN $117,500,000 (approximately US $93,250,000). All closing conditions, including the receipt of a "no-action letter" from the Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the Transaction, were satisfied.

markets.businessinsider.com

Comments / 0

Comments / 0