The oilfield services company says its capital spending plan has been reduced to
Ensign says the new plan is comprised largely of maintenance capital items.
The company also says it's cutting the salary of its chair by 40 per cent, while its president and chief operating officer will see a 20 per cent reduction
Other named executive officers will have their salaries cut by 12.5 per cent and members of the company's board will have their cash retainers cut by 20 per cent and equity compensation reduced by 40 per cent.
Ensign provides drilling as well as well servicing and production services.
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