Ensign Energy Services Inc.

Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million

Client

Ensign Energy Services Inc.

Value

$947 million

Service

Mergers and Acquisitions

Date Closed

Industry

Energy (Oil & Gas)

Lead Office

Toronto


 

On November 29, 2018 Ensign Energy Services Inc. announced its successful bid to acquire Trinidad Drilling. Under the agreement, Ensign will own 66.73% of Trinidad’s outstanding shares at $1.68 per share. Ensign will acquire the remaining shares either through a Compulsory Acquisition or a Subsequent Acquisition Transaction.

Ensign is a global leader in oilfield services, headquartered out of Calgary, Alberta, operating in Canada, the United States and internationally. Ensign is one of the world’s top land-based drilling and well servicing contractors serving crude oil, natural gas and geothermal operators.

Trinidad Drilling Ltd. is a corporation headquartered in Calgary, Alberta, Canada that operates in the drilling and well servicing sectors of the North American oil and gas industry.

Osler, Hoskin & Harcourt LLP represented Ensign with a team led by Chris Murray (Corporate) and consisting of Kevin Feng (Corporate), Ryan Hayes, Daniel Tatone, Richard Borins (Financial Services), Rob Lando (US Corporate), Neal Ross, Jennifer Jeffrey, Heidi Wong (Corporate), Jennifer Lee (US Tax), Drew Morier, Christopher Sheridan (Tax), and Shuli Rodal and Gajan Sathananthan (Regulatory).


Team
Richard M. Borins

Richard M. Borins

Partner, Financial Services

Rob  Lando

Rob Lando

Partner, Corporate

Jennifer Lee

Jennifer Lee

Partner, Taxation

Drew Morier | International Tax Lawyer

Drew Morier

Partner, Taxation

Shuli Rodal - Competition Lawyer

Shuli Rodal

Partner, Competition/Antitrust & Foreign Investment

Neal  Ross

Neal Ross

Partner, Corporate

Heidi  Wong

Heidi Wong

Counsel, Corporate

Christopher Sheridan

Christopher Sheridan

Associate, Taxation

Jennifer Jeffrey

Jennifer Jeffrey

Associate, Corporate

Kevin Feng

Kevin Feng

Associate, Corporate

Ryan Hayes

Ryan Hayes

Associate, Banking and Financial Services

Gajan Sathananthan

Gajan Sathananthan

Associate, Competition/Antitrust and Foreign Investment