Acquisition History / Ensign Energy Services Inc. / Citadel Drilling Ltd.
Ensign Energy Services Inc. Acquires Citadel Drilling Ltd.
Announced July 21, 2026 — $65M
What happened
Ensign agreed to buy all outstanding shares of Calgary-based Citadel Drilling, adding six high-spec AC drilling rigs operating in the Permian and lifting Ensign's regional drilling capacity by roughly 20%.
- Acquirer
- Ensign Energy Services Inc.
- Target
- Citadel Drilling Ltd.
- Announced
- July 21, 2026
- Price
- $65M
- Industry
- Contract drilling services
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Ensign Energy Services Inc. acquire Citadel Drilling Ltd.?
Ensign Energy Services Inc. acquired Citadel Drilling Ltd. on July 21, 2026. This was Ensign Energy Services Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Ensign Energy Services Inc. pay for Citadel Drilling Ltd.?
Ensign Energy Services Inc. paid $65M for Citadel Drilling Ltd..
What does Citadel Drilling Ltd. do?
Ensign agreed to buy all outstanding shares of Calgary-based Citadel Drilling, adding six high-spec AC drilling rigs operating in the Permian and lifting Ensign's regional drilling capacity by roughly 20%.
What other Contract drilling services companies has Ensign Energy Services Inc. acquired?
Citadel Drilling Ltd. is Ensign Energy Services Inc.'s only publicly tracked acquisition in Contract drilling services so far.