A closed deal from mid-August still matters to the listed book
Ensign Energy Services (TSX: ESI) said August 13 it completed the acquisition of all issued and outstanding shares of Citadel Drilling Ltd. for US$65 million, subject to adjustments. Ensign funded the price with cash on hand and available credit facilities. The company said all closing conditions were satisfied.
Robert Geddes, president and COO, said Ensign welcomed Citadel field and office staff and pointed to an expanded high-spec drilling fleet in the U.S. Permian. Ensign's August 7 second-quarter release showed Q2 2026 revenue of $397.3 million, up 7 percent from Q2 2025, with adjusted EBITDA of $88.8 million. The Citadel close is balance-sheet and fleet depth, not a new quarterly revenue line in that print.
Ensign also operates in Canada and internationally. This note is Permian iron, not a Canadian land-rig count increase by itself.