Who bought CanElson Drilling?
Who bought CanElson Drilling?
Trinidad
Under the terms of the Transaction, Trinidad has acquired all of the issued and outstanding common shares of CanElson and CanElson shareholders will exchange each of their CanElson common shares for 1.0631 common shares of Trinidad, or $4.90 in cash, up to a maximum of $50 million in aggregate.
How much did Trinidad Drilling sell for?
Following Ensign’s announcement, Calgary-based Precision Drilling Corporation terminated its Oct. 5 agreement to acquire Trinidad for $1 billion.
Is Trinidad Drilling still in business?
Trinidad Drilling Ltd. was a corporation headquartered in Calgary, Alberta, Canada that operated in the drilling and well servicing sectors of the North American oil and gas industry. Trinidad was acquired by Ensign Energy Services between late 2018 to early 2019, and was amalgamated into Ensign in 2019.
When did Ensign buy Trinidad?
On November 27 and 28, 2018, Ensign announced the successful acquisition of a total of 66.73% of the outstanding common shares of Trinidad Drilling Ltd. (“Trinidad”), including the 9.82% previously held by Ensign, which increased to 89.3% by December 21, 2018.
Who bought out Trinidad Drilling?
Ensign Energy Services Inc.
Calgary, Alberta-based oilfield services provider Ensign Energy Services Inc. acquired Houston-based Halliburton Co.’s 40% ownership in the joint venture Trinidad Drilling International for $33.4 million, including working capital.
Who started Trinidad Drilling?
Micheal Heier
Micheal Heier, who founded Trinidad Drilling in 1995, has stepped down as the company’s chairman, it was announced on Tuesday. He will be replaced by Ken Stickland, a director of the company since 2004 who was previously chief business development officer for Transalta Corporation.
Who buys Ensign?
Nabors
NBR recently inked a deal with Calgary-based oilfield services company Ensign Energy Services Inc. According to the terms of the agreement, Ensign will purchase Hamilton-based Nabors’ fleet of 35 land-based drilling rigs in Canada along with supporting equipment and real estate.
Did Nabors get bought out?
Nabors Industries Ltd. NBR recently inked a deal with Calgary-based oilfield services company Ensign Energy Services Inc. According to the terms of the agreement, Ensign will purchase Hamilton-based Nabors’ fleet of 35 land-based drilling rigs in Canada along with supporting equipment and real estate.
Does Nabors own canrig?
Canrig manufactures a premier line of automated drilling equipment and rig components and is vertically integrated with Nabors. Founded in 1995, Canrig has a long history of helping customers achieve superior results.
