Calgary-based Ensign Energy Services said recently it will acquire Citadel Drilling for $65 million. Robert Geddes, president and CEO of Ensign, said Citadel’s business in the Permian Basin, which includes six high-spec AC drilling rigs, “is equipped in a manner closely aligned with Ensign’s, featuring automated drilling control systems and other high spec equipment capable of drilling the ultralong lateral sections required in the Permian.”
Geddes said July 21 the acquisition increases Ensign’s Permian capacity by 20 percent.