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

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[{"type":"text","content":"\n \n \n \n Ensign Energy Services Inc. and Nabors Industries ltd. - Announce the closing of the sale of Nabors' Canadian drilling assets to Ensign Energy Services Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n July 29, 2021\n \n /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\n \n $117,500,000\n \n (approximately US\n \n $93,250,000\n \n ). 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.\n \n \n RH (\n \n Bob) Geddes\n \n , Ensign's President and Chief Operating Officer, commented on the acquisition: \"We are thrilled to welcome our new employees to the Ensign team and look forward to the smooth integration of both field and office employees. With our now expanded high-spec drilling fleet in\n \n Canada\n \n , we look forward to leveraging these strong assets and the combined knowledge and experience of our highly trained workforce in the continuing delivery of high-quality performance, safety, and service to our customers.\"\n \n \n \n About Ensign\n \n \n \n Ensign is a global leader in oilfield services, headquartered out of\n \n Calgary, Alberta\n \n , operating in\n \n Canada\n \n ,\n \n the United States\n \n , and Internationally. We are one of the world's premium land-based drilling and well-servicing contractors serving crude oil, natural gas, and geothermal operators around the globe. Our premium services include contract drilling, directional drilling, underbalanced and managed pressure drilling, rental equipment, well servicing, and production services. Please visit our website at\n \n ensignenergy.com\n \n .\n \n \n Ensign's Co...

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