# 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.

- Type: Acquisition
- Announced: 2022-10-27
- Where: Canada, Canada
- Value: $3.70M (5.00M CAD)
- Status: announced
- Products: directional drilling services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Ensign Energy Services](https://endata.com/companies/48645.md) (target)
- [Cathedral Energy Services](https://endata.com/companies/66152.md) (acquirer)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/cathedral-energy-services-acquires-the-canadian-directional-business-of-ensign-energy-services-inc-and-forms-strategic-alliance-852191747.html), 2022-10-27: "This acquisition also demonstrates that we continue to deliver on a consolidation strategy that significantly strengthens our business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.