Cathedral Energy Services acquires Ensign's Canadian directional drilling business for C$5M

Cathedral Energy Services acquired the operating assets and personnel of Ensign Energy Services' Canadian directional drilling business for C$5.0 million, paid in shares. The companies also formed a Marketing and Technology Alliance.

“This acquisition also demonstrates that we continue to deliver on a consolidation strategy that significantly strengthens our business.”newswire.ca

• 1 source
• newswire.caCATHEDRAL ENERGY SERVICES ACQUIRES THE CANADIAN DIRECTIONAL BUSINESS OF ENSIGN ENERGY SERVICES INC. AND FORMS STRATEGIC ALLIANCECathedral Energy Services Ltd.Oct 27, 2022

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