Ensign Energy agrees to buy Citadel Drilling for US$65 million

Reuters2026/07/22 01:33

By:Reuters

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Ensign Energy Services agreed to acquire Citadel Drilling for USD 65 million, subject to closing adjustments and conditions.
Ensign plans to fund the purchase with cash on hand and available credit facilities.
Citadel’s U.S. Permian business adds 6 high-spec AC drilling rigs and managed pressure drilling capabilities operated as Opla Energy Services.
The deal lifts Ensign’s Permian capacity by 20% and targets cost synergies, expanding its client base and market share in the basin.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ensign Energy Services Inc. published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ensign Energy agrees to buy Citadel Drilling for US$65 million

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