Ensign Energy Services Inc. continues to deliver on 2020 priorities of balance sheet and liquidity preservation amidst a turbulent operating environment. On December 31, 2020, the Company amended and extended the existing $900.0 million revolving credit facility agreement with its syndicate of lenders. The amendments and one-year extension provide Ensign with continued access to revolver capacity and near-term flexibility [...]
THIRD QUARTER HIGHLIGHTS Revenue for the third quarter of 2020 was $156.9 million, a 60 percent decrease from the third quarter of 2019 revenue of $393.4 million. Revenue by geographic area: Canada - $21.8 million, 14 percent of total; United States - $83.3 million, 53 percent of total; and International - $51.8 million, 33 percent of total. Canadian drilling recorded 686 operating days in the third quarter of 2020, a 71 [...]
CALGARY, AB, Oct. 26, 2020 /CNW/ - Ensign Energy Services Inc. is scheduled to release its third quarter 2020 results before the markets open on Thursday, November 5, 2020. A conference call and webcast has been scheduled for 10:00AM MST on Thursday, November 5, 2020. The conference participant call in numbers are as follows: US/Canada Dial-in #: 231-8191 or Local/Int'l Dial-In #: 427-7450 Conference ID #: 6789671 A live [...]
SECOND QUARTER HIGHLIGHTS Revenue for the second quarter of 2020 was $194.8 million, a 48 percent decrease from the second quarter of 2019 revenue of $377.5 million. Revenue by geographic area: Canada - $17.0 million, nine percent of total; United States - $128.6 million, 66 percent of total; and International - $49.2 million, 25 percent of total. Canadian drilling recorded 377 operating days in the second quarter of [...]
CALGARY, AB, July 20, 2020 /CNW/ - Ensign Energy Services Inc. is scheduled to release its second quarter 2020 results before the markets open Monday, August 10, 2020. A conference call and webcast has been scheduled for 10:00AM MST on Monday, August 10, 2020. The conference participant call in numbers are as follows: US/Canada Dial-in #: 231-8191 or Local/Int'l Dial-In #: 427-7450 Conference ID #: 6694628 A live webcast [...]
Ensign Energy Services Inc. is pleased to announce the acquisition of Halliburton's 40% ownership in the joint venture operating under the name Trinidad Drilling International which owns and operates five drilling rigs in Mexico, Kuwait and Bahrain. The 40% ownership, inclusive of working capital in the TDI joint venture, was purchased for US $33.4 million from Ensign's cash on hand. With this acquisition, Ensign now owns [...]
Ensign Energy Services Inc. is pleased to announce the results of the election of directors held at the Company's annual meeting on May 8, 2020. Each of the nominee directors listed in the Company's management information circular dated March 20, 2020 was elected as a director. The results of the voting for each individual director are set forth below: Name of Nominee Votes For Percent Votes Withheld Percent Gary W [...]
FIRST QUARTER HIGHLIGHTS Revenue for the first quarter of 2020 was $383.9 million, a 14 percent decrease from the first quarter of 2019 revenue of $445.3 million. Revenue by geographic area: Canada - $97.1 million, 25 percent of total; United States - $214.6 million, 56 percent of total; and International - $72.2 million, 19 percent of total Canadian drilling recorded 3,102 operating days in the first quarter of 2020, a [...]
CALGARY, April 27, 2020 /CNW/ - Ensign Energy Services Inc. announced today that it will hold its upcoming annual meeting of shareholders at the offices of the Company, at 400 – 5th Ave. S.W., Suite 1000, Calgary, Alberta. Due to the ongoing COVID-19 pandemic, the original meeting location is no longer available. The date and time of the Meeting remain unchanged. Ensign does not intend to prepare or mail an amended [...]
CALGARY, April 27, 2020 /CNW/ - Ensign Energy Services Inc. is scheduled to release its first quarter 2020 results before the markets open Monday, May 11, 2020. A conference call and webcast has been scheduled for 10:00AM MST on Monday, May 11, 2020. The conference participant call in numbers are as follows: US/Canada Dial-in #: 231-8191 or Local/Int'l Dial-In #: 427-7450 Conference ID #: 9893362 A live webcast of the [...]
Ensign Energy Services Inc. is, along with the balance of the oil and natural gas services industry, facing challenges in these extraordinary times. Oil demand losses due to the impact of COVID-19 virus combined with a market share and price war between Russia, Saudi Arabia and other global producers has pushed oil prices to levels not seen since early 2002. During this period of uncertainty and commodity price weakness [...]
OVERVIEW Revenue for the year ended December 31, 2019 was $1,592.2 million, an increase of 38 percent from 2018 revenue of $1,156.4 million. Adjusted EBITDA for 2019 totaled $406.8 million, , 59 percent higher than Adjusted EBITDA of $255.7 million for the year ended 2018. Net loss attributed to shareholders for the year ended December 31, 2019 was $162.9 million compared to net income attributed to shareholders of $58.3 [...]
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