CALGARY, AB, Dec. 31, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or the “Company“) (TSX: ESI) 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 (the “Credit Facility“) with its syndicate of lenders. The amendments and one-year extension provide Ensign with continued access to revolver capacity and near-term flexibility in a volatile oil price environment.

The amendments to the Credit Facility include revisions to the financial covenants as follows:  

The elimination of the

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CALGARY, AB, Nov. 5, 2020 /CNW/ –

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 percent decrease from 2,354 operating days in the third quarter of 2019. Canadian well servicing recorded

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CALGARY, AB, Oct. 26, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”) 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 (12:00PM EST) on Thursday, November 5, 2020.

The conference participant call in numbers are as follows:

US/Canada Dial-in #: (888) 231-8191 or  

Local/Int’l Dial-In #: (647) 427-7450

Conference ID #: 6789671

A live webcast of the conference call can be accessed via Ensign’s website at ensignenergy.com/presentations. A digital recording of the … Continue Reading

CALGARY, AB, Aug. 10, 2020 /CNW/ –

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 2020, a 71 percent decrease from 1,317 operating days in the second quarter of 2019. Canadian well servicing recorded

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CALGARY, AB, July 20, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”) 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 (12:00PM EST) on Monday, August 10, 2020.

The conference participant call in numbers are as follows:

US/Canada Dial-in #: (888) 231-8191 or 

Local/Int’l Dial-In #: (647) 427-7450

Conference ID #: 6694628

A live webcast of the conference call can be accessed via Ensign’s website at ensignenergy.com/presentations. A digital recording of the call … Continue Reading

CALGARY, AB, July 17, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”) (TSX: ESI) is pleased to announce the acquisition of Halliburton’s 40% ownership in the joint venture operating under the name Trinidad Drilling International (“TDI“) 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 100% of the TDI joint venture.

Robert Geddes, Ensign’s President and Chief Operating Officer, commented on … Continue Reading

CALGARY, May 11, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”, TSX: ESI) 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. Casswell

103,763,182

98.09%

2,022,987

1.91%

N. Murray Edwards

91,881,066

86.86%

13,905,103

13.14%

Robert H. Geddes

91,146,700… Continue Reading

CALGARY, May 11, 2020 /CNW/ –

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 one percent increase from 3,061 operating days in the first quarter of 2019. Canadian well servicing recorded 12,233

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CALGARY, April 27, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”, TSX: ESI) announced today that it will hold its upcoming annual meeting of shareholders (the “Meeting”) 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 management information circular as a result of the change in Meeting location.

In-person attendance at the Meeting will be … Continue Reading

CALGARY, April 27, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or “the Company”) 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 (12:00PM EST) on Monday, May 11, 2020.

The conference participant call in numbers are as follows:

US/Canada Dial-in #: (888) 231-8191 or  
Local/Int’l Dial-In #: (647) 427-7450
Conference ID #: 9893362

A live webcast of the conference call can be accessed via Ensign’s website at ensignenergy.com/presentations. A digital recording of the call will … Continue Reading

CALGARY, March 23, 2020 /CNW/ – Ensign Energy Services Inc. (“Ensign” or the “Company”) 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 the Company continues to focus on the safe operations of our rigs, keeping our employees safe and healthy, recognizing … Continue Reading

CALGARY, March 9, 2020 /CNW/ –

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, ($2.55 per common share), 59 percent higher than Adjusted EBITDA of $255.7 million ($1.63 per common share) for the year ended 2018.

Net loss attributed to shareholders for the year ended December 31, 2019 was $162.9 million ($1.02 per common share) compared to net income attributed to shareholders of $58.3 million ($0.37 per common share) for … Continue Reading