View source for Company:Ensign Energy Services

{{Infobox company
| name = Ensign Energy Services Inc.
| logo = [[Image:Ensign logo.png|229px|Ensign Energy Services]]
| type = [[Finance:Public company|Public]]
| traded_as = {{TSX|ESI}}
| genre = 
| foundation = 1987
| founder = 
| location_city = Calgary, Alberta
| location_country = {{wipe|Canada}}
| location = 
| locations = 
| area_served = 
| key_people = N. Murray Edwards ([[Social:Chairman|Chairman]])
| industry = [[Chemistry:Petroleum|Oil]] and [[Chemistry:Natural gas|Gas]] Equipment & Services
| products = 
| services = [[Engineering:Drilling|Drilling]]<br/>Directional Drilling<br/>Well Servicing
| market cap = 
| revenue = 
| operating_income = 
| net_income = 
| assets = 
| equity = 
| owner = 
| num_employees = 5,000+ (2019)
| parent = 
| divisions = 
| subsid = 
| homepage = 
| footnotes = 
| intl = 
}}

'''Ensign Energy Services Inc.''' is a publicly traded {{wipe|Canada}} company that provides oilfield services for the [[Earth:North America|North America]]n and international market.<ref name=":0">{{Cite news|url=https://calgaryherald.com/business/energy/ensign-retires-21-drilling-rigs-as-slowing-oilfield-activity-further-shrinks-industry|title=Ensign retires 21 drilling rigs as slowing oilfield activity further shrinks industry|date=2016-03-08|work=Calgary Herald|access-date=2018-08-17|language=en-US}}</ref>  Founded in 1987,<ref name="Company History2">{{cite web|url=http://www.ensignenergy.com/about/company-history/Pages/default.aspx|title=Company History|publisher=Ensign Energy Services Inc.|archive-url=https://web.archive.org/web/20171110174353/http://www.ensignenergy.com/about/company-history/Pages/default.aspx|archive-date=2017-11-10|url-status=dead|access-date=2017-08-06}}</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>{{Cite news|url=https://www.https://www.newswire.ca/news-releases/ensign-provides-an-update-on-new-drilling-rig-contracts-permian-canada-and-international-and-an-update-on-the-integration-of-trinidad-811505364.html|title=Ensign Provides an Update on New Drilling Rig Contracts (Permian, Canada, and International) and an Update on the Integration of Trinidad|date=2018-03-28|work=Ensign Energy|access-date=2020-01-07|language=en-US|archive-date=2013-08-19|archive-url=https://web.archive.org/web/20130819141428/http://https/|url-status=dead}}</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.{{Verify source|date=August 2020}} 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>{{Cite news|url=https://www.https://www.newswire.ca/news-releases/ensign-provides-an-update-on-new-drilling-rig-contracts-permian-canada-and-international-and-an-update-on-the-integration-of-trinidad-811505364.html|title=Ensign Provides an Update on New Drilling Rig Contracts (Permian, Canada, and International) and an Update on the Integration of Trinidad|date=2018-03-28|work=Ensign Energy|access-date=2020-01-07|language=en-US|archive-date=2013-08-19|archive-url=https://web.archive.org/web/20130819141428/http://https/|url-status=dead}}</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>{{Cite news|url=https://www.ensignenergy.com/presentations|title=Investor Presentation|date=2019-11-01|work=Ensign Energy|access-date=2020-01-07|language=en-US}}</ref>

{|
|-
|width="20"|&nbsp;
|valign="top"|
North America
*{{USA}}
*{{CAN}}
*{{MEX}}

South America
*{{ARG}}
*{{VEN}}

{{col-3}}
Middle East
*{{UAE}}
*{{KUW}}
*{{OMN}}
*{{BHR}}

Oceania
*{{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 [[Finance:Options backdating|option backdating]];<ref>{{Cite news|url=https://www.cbc.ca/news/canada/calgary/ensign-energy-services-accused-of-option-backdating-1.2522168|title=Ensign Energy Services accused of option backdating {{!}} CBC News|work=CBC|access-date=2018-08-17|language=en-US}}</ref> it eventually reached a $4 million settlement.<ref>{{Cite news|url=https://www.cbc.ca/news/canada/calgary/ensign-energy-services-stock-option-backdating-suit-ends-in-settlement-1.2654816|title=Ensign Energy Services stock option backdating suit ends in settlement {{!}} CBC News|work=CBC|access-date=2018-08-17|language=en-US}}</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>{{Cite news|url=https://calgaryherald.com/business/energy/ensign-ends-2016-with-150m-loss-shutters-26-rigs|title=Ensign ends 2016 with $150M loss, shutters 26 rigs|date=2017-03-06|work=Calgary Herald|access-date=2018-08-17|language=en-US}}</ref> 

In August 2018, Ensign made a C$470 million hostile takeover offer for [[Company:Trinidad Drilling|Trinidad Drilling]].<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-08-13/ensign-shuns-standstill-takes-358-million-trinidad-bid-hostile|title=Ensign Goes Hostile in $358 Million Trinidad Drilling Bid|date=2018-08-13|work=Bloomberg}}</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>{{Cite news|url=https://www.newswire.ca/news-releases/ensign-provides-update-on-trinidad-acquisition-2019-capital-expenditure-plan-operational-report-and-new-executive-vice-president-853730148.html|date=2019-02-14|work=Cision|access-date=2020-01-07|language=en-US|title=Ensign Provides Update on Trinidad Acquisition, 2019 Capital Expenditure Plan, Operational Report and New Executive Vice President }}</ref> The company reported a 72 per cent increase in revenue in its first full quarter since acquiring Trinidad Drilling Ltd. <ref>{{Cite news|url=https://www.nationalobserver.com/2019/05/13/news/ensign-energy-services-posts-q1-beat-it-digests-trinidad-acquisition|date=2019-05-13|work=The Canadian Press|access-date=2020-01-07|language=en-US|title=Ensign Energy Services posts Q1 beat as it digests Trinidad acquisition }}</ref>

In 2019, the company was awarded significant new drilling contracts in the United States, Canada and the Middle East. <ref>{{Cite news|url=https://www.newswire.ca/news-releases/ensign-provides-an-update-on-new-drilling-rig-contracts-permian-canada-and-international-and-an-update-on-the-integration-of-trinidad-811505364.html|date=2019-05-28|work=Cision|access-date=2020-01-07|language=en-US|title=Ensign Provides an Update on New Drilling Rig Contracts (Permian, Canada, and International) and an Update on the Integration of Trinidad }}</ref>

== See also ==
*[[Company:List of oilfield service companies|List of oilfield service companies]]

== References ==
{{reflist}}

[[Category:Oilfield services companies]]

{{Sourceattribution|Ensign Energy Services}}