Mining & Metals
Ensign Energy Completes $65 Million Acquisition of Citadel Drilling
Ensign Energy Services (ESI.TO) has completed its acquisition of Citadel Drilling for $65 million following the satisfaction of all closing conditions, the company said Thursday.The deal was funded using cash on hand and available credit facilities.The acquisition expands oilfield services company Ensign's high-spec drilling fleet in the US Permian Basin oil and gas production area.
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