M&A Deal Summary

Ensign Acquires Trinidad Drilling

On November 27, 2018, Ensign acquired oil/gas exploration company Trinidad Drilling

Acquisition Highlights
  • This is Ensign’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ensign’s 1st transaction in Canada.
  • This is Ensign’s 1st transaction in Alberta.

M&A Deal Summary
Date 2018-11-27
Target Trinidad Drilling
Sector Oil/Gas Exploration
Buyer(s) Ensign
Deal Type Add-on Acquisition

Target

Trinidad Drilling

Calgary, Alberta, Canada
Trinidad Drilling combines high-performance people, equipment and manufacturing to unlock reserves for energy producers in North America and overseas. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada and the United States. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry. The company was founded in 1996 and is headquartered in Calgary, Canada.

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Buyer(S) 1

Buyer

Ensign

Calgary, Alberta, Canada
Category Company
Founded 1987
Sector Oil/Gas Exploration
Employees4,160
Revenue 1.8B CAD (2023)
DESCRIPTION

Ensign provides oilfield services to the oil and natural gas industry in Canada, United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam-assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries. Ensign was founded in 1987 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
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