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- Ensign Natural Resources | Exploration & Production
Ensign Natural Resources is a private equity backed exploration and production company focused on acquiring, developing, and producing US unconventional resources. Ensign’s founders are committed to creating a durable and long-term focused company generating maximum value for its stakeholders. SETTING THE NEW STANDARD FOR UNCONVENTIONALS through Strategy, Culture and Technology Energy for a brighter, cleaner future We believe it is our responsibility to steward our environment, ensure the safety of our people, and act responsibly with our investments. Learn More SUSTAINABILITY STRATEGY Value through Simplification By cleaning up corporate structure and obligations of acquired assets, our team was able to improve working interest by 50%, uncover and manage liabilities and improve net GP&T rates across both oil and NGL. Learn More CULTURE Best People Empowered to Drive Performance Delivering excellent results comes from having excellent people that have the freedom and mandate to make things a little better every day. We believe in alignment at all levels of the organization. Delivering results is easy when everyone is aware of our goals and strategy and are empowered to make a difference. Learn More TECHNOLOGY Data-based Decision Making We’re committed to making better decisions with the best data and ensuring transparency of information at all levels. This commitment, coupled with a commitment to transformative technology, allows Ensign to leverage data to make decisions that support our long-term strategy. Learn More
- About Us | Ensign Natural Resources
About Us Who we are Ensign Natural Resources is an exploration & production company expanding through asset acquisitions and development in the Eagle Ford Basin. We believe in making disciplined investments, applying effective technology, and focusing on continuous improvement. Headquartered in Houston, TX, Ensign was established in 2017 and is led by a management team experienced in finding, developing, and exploiting unconventional assets. Who we are Who we are How we're different Our People & Culture Leadership Team Board of Directors Sponsors noun | en·sign | ‘en-.sīn en′sīn, n. a sign or mark: the sign or flag distinguishing a nation or a regiment: one who carries the colors. Why Ensign? Throughout history, ensigns have been used to send messages, rally beleaguered troops, signal other ships, armies, and peoples. Ensigns represent a group’s courage, pride, and identity. In short, an ensign says who you are, where you are, and what you believe with one single piece of cloth or mark. We are here to set a new standard. We’re courageous enough to take on the hard challenges and proud to drive change in our industry. This is what being Ensign means to us. Rally with us! How we're Different At Ensign, data and technology are a large part of how we drive success. Not only do we have a development team who is knowledgeable about our industry, operations, and data but we expect all our technical team members to be proficient in data management tools and processes. This ensures everyone can create fit-for-purpose data capture apps and visualizations that allow for faster and better decision making with no silos in data access and continual prioritization of economic impact to the company. How we're differet Our People & Culture Our People & Culture Our people define our culture and drive the strategy of our company. We look for team members that embody our values and strive to make us better every single day. Meet some of our team! "My favorite thing about working at Ensign, beyond the amazing culture, is working with brilliant people in each department. Being able to learn from people who are passionate about their work is fun to be around." Jeremy Reeves Director, Information Technology Learn More "Working for Ensign has shown me that your work doesn't go unnoticed or overlooked. Ensign fosters that genuine feeling of "you are important here, we need you." LaShonda McClain Executive Assistant Learn More "The ability and encouragement to get involved regardless of your area of expertise or experience makes us all better and multi-skilled over time. If you're intelligent, work hard, and are in constant pursuit of growth and development it would be hard to find a better place." Roel Garcia Production Supervisor Learn More Our Values Personal Responsibility Taking responsibility for actions, problems, and leading solutions; never miss a chance to lead. Courage Stand up for your ideas; open communication; give and take honest feedback. Grit A mixture of passion and determination; willing to face the hard stuff and see it through to the end. Good Judgement A practiced eye for good opportunities; prioritizing based on value to company vs. self; making informed decisions and calculated risks. Pursuit of Excellence Good enough never is! Make things better every day; complacency is the enemy. Leadership Team Brett Pennington President and Chief Executive Officer "We believe in alignment at all levels of the organization. Delivering results is easy when everyone is aware of our goals and strategy, and are empowered to make a difference." View More Leadership Chief Operating Officer Paul Thayer View More Chief Financial Officer Stephen Goldfarb View More Vice President of Drilling & Completions Garner Haydell View More Vice President of Geoscience Jennifer Smith View More Vice President of Land & Commercial Justin van Keppel View More Vice President of HR & Administration Candace Day-Butler View More Vice President of Accounting Rebecca Dragna View More Vice President of Surface Sean Bradley View More Vice President of Reservoir Engineering Rick Robinson View More Board of Directors Board of Directors Brad Foster View More Bryan Neskora View More Danny Weingeist View More Mark Teshoian View More Roger Pinkerton View More Ryan Dalton View More Thierry Pilenko View More Shalin Dalal View More Sponsors Sponsors Ensign was formed in late 2017 with equity commitments from two top-tier, energy-focused private equity firms to acquire large assets in the Eagle Ford. Warburg Pincus is a global private equity firm that has invested more than $95 billion in over 940 companies since inception over 50 years ago. Warburg has invested or committed over $15 billion to more than 90 energy investments around the world, including exploration and production, midstream, and oilfield services businesses. Warburg Pincus Energy, L.P. fund and Warburg Pincus Private Equity XII, L.P. fund have a combined $17 billion in LP commitments to invest across geographies and sectors at all stages of a company’s life-cycle. Kayne Anderson is a leading alternative investment firm founded in 1984 that currently manages over $30 billion in assets across private equity, managed accounts, and closed-end funds. Kayne currently has over $10 billion of energy assets under management and has committed over $10 billion to more than 100 upstream energy investments across North America since inception. The Kayne Private Energy Income Funds Platform was launched in 2014 to partner with high-caliber management teams to acquire and exploit large, producing upstream oil and gas assets.
- Owner Relations | Ensign Natural Resources
Ensign Transition to Marathon On 10/1/2022, Marathon Oil EF II acquired all Eagle Ford wells previously operated by Ensign. Beginning April 25, 2023 all revenue payments will be remitted by Marathon Oil. All inquiries and notifications should now be directed to Marathon Oil Company Owner Relations. Phone: 888-522-8871 Email: email@example.com Marathon Oil Company Division Order P.O. Box 2069 Houston, TX 77252-9755 Marathon Owner Relations Owner Relations Our Commitment to Ownership At Ensign, we're here to be a great partner for our royalty owners. We believe in providing excellent customer service using transformative technology and transparency at all levels. Our goal is to provide you with everything you need to stay informed, make updates/changes and answer common questions you may have with ease. Not seeing what you need or just want to talk with one of our team? Not a problem, our Owner Relations team is here to help with anything you need. Contact Us Important Forms Payment Information Frequently Asked Questions Owner Login | EnergyLink (281) 800-3333 Submit Forms & Documents Contact Us Ownership Inquiries Phone: (281) 800-3333 *option 1 Fax: (281) 990-6375 Email: firstname.lastname@example.org Accounts Payable Inquiries Phone: (281) 800-3333 *option 3 Email: email@example.com Revenue Inquiries Phone: (281) 800-3333 *option 2 Email: firstname.lastname@example.org Joint Interest Billing Inquiries Phone: (281) 800-3333 *option 4 Email: email@example.com Need help with EnergyLink? Phone: (888) 573-3364 EnergyLink Support Enverus' EnergyLink provides easy access to revenue statements. For questions or issues, please contact EnergyLink support . Contact Us Important Forms Change of Address Download Form To update your address. ACH/Direct Deposit Download Form To sign up for, change or terminate ACH/Direct Deposit payments. Affidavit of Heirship Download Form To transfer the interest of a deceased owner who died without a will or if the will was not probated in Texas. IRS Form W-9 Download Form This form is required by the IRS to verify an owner's name, address, Taxpayer ID Number and owner type. Important Documents Submit Forms & Documents You can send any of the Forms above to us by mail to our physical address or clicking the Submit Forms & Documents button below. Submit Forms & Documents Mailing Address Ensign Natural Resources LLC Attn: Division Orders 5875 N Sam Houston Pkwy W #600 Houston, TX 77086 Payment Information Royalty payments are issued on the 28th of each month. We offer easy payments through ACH/Direct Deposit and access to check details through the EnergyLink Owner Relations site. Check out our Frequently Asked Questions for additional details about payments and changes to your account. Payment Information Have Questions? Check out our Frequently Asked Questions for quick access to support on common asks. Frequently Asked Questions Frequently Asked Questions
- Operations | Ensign Natural Resources
About our Assets Operations Eagle Ford Suppliers Ensign currently operates wells producing out of the Eagle Ford Shale across ~130,000 net acres in the Karnes trough area of South Texas. The large, contiguous land position, which is 100% held by production and 99% operated, allows for optimized development and diversified production. Eagle Ford ~130,000 Net Acres 655 Wells Eagle Ford Interested in becoming a Supplier? Our contracts & procurement team works with prospective suppliers to review need and manage onboarding activities. When reviewing possible suppliers, the team considers business need, offering, and value creation. All suppliers are expected to accept our terms and conditions of being a supplier. Learn more about what it means to be a supplier with Ensign. Learn More Suppliers
- Owner Relations | Ensign Natural Resources
Owner Relations Login Welcome to the Owner Relations Online System. Once registered on the system, you may view your account information and request changes to your account. Attention Owners: We are excited to announce that Ensign Natural Resources LLC’s electronic revenue check detail data is now also available on the EnergyLink platform. You can still access Ensign revenue check detail data through this website. We are encouraging all owners to move to EnergyLink to prepare for our upcoming transition to exclusively host data on EnergyLink. If you are already a registered user on EnergyLink you will see your check detail automatically once you login. If you have never used EnergyLink follow the steps below to register: Go to EnergyLink to sign up. You will need your recent payment information to complete registration. For Support please contact EnergyLink Support .
- Owner Relations | Ensign Natural Resources
Owner Relations Our Commitment to Ownership At Ensign, we're here to be a great partner for our royalty owners. We believe in providing excellent customer service using transformative technology and transparency at all levels. Our goal is to provide you with everything you need to stay informed, make updates/changes and answer common questions you may have with ease. Not seeing what you need or just want to talk with one of our team? Not a problem, our Owner Relations team is here to help with anything you need. Contact Us Important Forms Payment Information Frequently Asked Questions Owner Login | EnergyLink (281) 800-3333 Submit Forms & Documents Contact Us Ownership Inquiries Phone: (281) 800-3333 *option 1 Fax: (281) 990-6375 Email: firstname.lastname@example.org Accounts Payable Inquiries Phone: (281) 800-3333 *option 3 Email: email@example.com Revenue Inquiries Phone: (281) 800-3333 *option 2 Email: firstname.lastname@example.org Joint Interest Billing Inquiries Phone: (281) 800-3333 *option 4 Email: email@example.com Need help with EnergyLink? Phone: (855) 301-5241 EnergyLink Support Enverus' EnergyLink provides easy access to revenue statements. For questions or issues, please contact EnergyLink support . Important Forms Change of Address Download Form To update your address. ACH/Direct Deposit Download Form To sign up for, change or terminate ACH/Direct Deposit payments. Affidavit of Heirship Download Form To transfer the interest of a deceased owner who died without a will or if the will was not probated in Texas. IRS Form W-9 Download Form This form is required by the IRS to verify an owner's name, address, Taxpayer ID Number and owner type. Submit Forms & Documents You can send any of the Forms above to us by mail to our physical address or clicking the Submit Forms & Documents button below. Submit Forms & Documents Mailing Address Ensign Natural Resources LLC Attn: Division Orders 5875 N Sam Houston Pkwy W #600 Houston, TX 77086 Payment Information Royalty payments are issued on the 28th of each month. We offer easy payments through ACH/Direct Deposit and access to check details through the EnergyLink Owner Relations site. Check out our Frequently Asked Questions for additional details about payments and changes to your account. Have Questions? Check out our Frequently Asked Questions for quick access to support on common asks. Frequently Asked Questions
- Careers | Ensign
Why Ensign Learn More At Ensign we believe in bringing together the best people and empowering them to do what they do best. Working in a small company, you'll have a larger breadth of opportunity to gain visibility across how the organization operates, expand your skills, and work closely with leadership. Because we prioritize low debt and lean operations, we aren't subject to the volatility often found in other companies across our industry leading to safety and security for our team members. Careers Why Ensign Benefits Available Jobs Notices Meet our Team Benefits We offer competitive salary, cash bonus and equity plans. With Ensign, you will also receive a comprehensive benefit package which includes medical/dental/vision plans, company paid life and disability insurance, 401(k) retirement plan contribution matching with 100% immediate vesting, paid vacation, sick time, half-day Friday's and much more. Download Benefits Available Jobs Looking to join our team? Get notified when we post new job listings. Subscribe Notices Applicants have rights under Federal Employment Law Notice to Recruiters and Staffing Agencies Ensign Natural Resources (“Ensign”) uses internal resources for recruiting. Ensign may supplement that internal capability from time to time with assistance from staffing agencies, professional recruiters, and the like (“Agency”). Agencies are hereby specifically directed NOT to contact Ensign employees directly in an attempt to present candidates – Ensign’s HR function must present ALL candidates to hiring managers. To protect the interests of all parties, Ensign will not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to Ensign, including unsolicited resumes sent directly to Ensign employees, or to Ensign’s resume database will be considered Ensign property. Ensign will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. Ensign will consider any candidate for whom an Agency has submitted an unsolicited resume to have been referred by the Agency free of any charges or fees. Agency must obtain advance written approval from Ensign’s HR function to submit resumes, and then only in conjunction with a valid fully executed contract for service and in response to a specific job opening. Ensign will not pay a fee to any Agency that does not have such agreement in place. Agency agreements will only be valid if in writing and signed by an officer of Ensign. No other Ensign employee is authorized to bind Ensign to any agreement regarding the placement of candidates by Agencies. Ensign hereby specifically rejects, and denies any liability under, any agreement purporting to be accepted based on negative consent, negotiation with a candidate, performance, or any means other than the signature of an Ensign officer.
- Danny Weingeist
Back Danny Weingeist Danny Weingeist is a managing partner for Kayne Anderson Capital Advisor’s energy private equity activities. He focuses on identifying private energy investment opportunities as part of Kayne Anderson’s emphasis on energy transactions. Prior to joining Kayne Anderson and opening the Houston office in 1999, Mr. Weingeist was a managing director and principal of Torch Energy Advisors, a Houston-based company that provided capital to the industry as well as specialized outsourcing services, including oil and gas operations. Prior to that, he served as vice president with EnCap Investments, an associate at Bankers Trust Company and as a reservoir engineer at Exxon Company U.S.A. Mr. Weingeist earned a Bachelor of Science in Petroleum Engineering in 1985 and an MBA in 1989, both from the University of Texas at Austin.
- Receptionist/Office Administrator
Back Receptionist/Office Administrator Supervisor: VP, HR & Administration Department: HR Location: Houston, TX Apply Now Company & Culture Headquartered in Houston, TX, Ensign Natural Resources is an exploration & production company expanding through asset acquisitions and development in the Eagle Ford Basin. Ensign believes in making disciplined investments, applying effective technology, and focusing on continuous improvement. At Ensign, attitudes and behaviors that support our culture matter. Employees are expected to foster a culture of personal responsibility, courage and good judgement while pursuing excellence in all efforts through passion, determination, and continuous improvement. Major Responsibilities Reception • Manage reception area and lobby including receiving and coordinating visitors and maintaining a welcoming atmosphere • Answer and direct calls in a timely and polite manner • Manage all incoming and outgoing mail and packages • Maintain an awareness of all visitors coming and going, issue visitor badges as directed • Assist with organizing meetings including, but not limited to, scheduling, setup, catering and clean-up • Maintain company phone list • Assist Land, Accounting and HR Departments, as needed Office Administration • Provide vendor selection and oversight for all applicable areas of control • Maintain inventory in all breakrooms at acceptable levels, maintain breakroom equipment • Maintain office supplies in all copy areas at acceptable levels, order and distribute supplies as needed • Order business cards • Manage shredding service • Maintain pool vehicles • Maintain living arrangements for IOC personnel Education, Experience & Skills • At least 3 years of experience in a reception, administrative, or other professional role preferred • Proficient in using Microsoft Office and general office equipment • Ability to calmly and effectively deal with high-stress situations; this includes continuing to persevere and remaining calm in challenging or frustrating circumstances Physical Work Conditions • Must be able to stand; walk; use hands to handle or feel; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl • Must be able to lift/move up to 20 pounds on regular basis, and occasionally lift/move up to 50 pounds Ensign offers competitive salary, cash bonus and equity plans. The Company also offers a comprehensive benefit package which includes medical/dental/vision plans, company paid life and disability insurance, 401(k) retirement plan contribution matching with 100% immediate vesting, paid vacation, sick time, and much more. We Offer Apply Now
- Candace Day-Butler
Back Candace Day-Butler Vice President of HR & Administration Candace Day-Butler currently serves as the Vice President of HR & Administration for Ensign Natural Resources. Day-Butler joined the team in April 2019. Prior to Ensign, she served as the Vice President of HR for Madison Marquette. With over 13 years of experience in upstream oil and gas and commercial real estate organizations, Day-Butler leads the development of strategic HR plans while also managing employee relations, talent acquisition, compensation, and organizational development. Day-Butler is a respected leader and team integrator, an early-adopter of technology solutions, and a champion of employee communications and empowerment. She will receive her master’s degree in Human Resources and Employee Relations from Pennsylvania State University in 2020. Additionally, she holds the SPHR designation and is a member of SHRM.
- Stephen Goldfarb
Back Stephen Goldfarb Chief Financial Officer Stephen Goldfarb currently serves as the Chief Financial Officer for Ensign Natural Resources. Mr. Goldfarb joined the team in March 2018. Prior to Ensign, Mr. Goldfarb served as Vice President of Finance for WildHorse Resource Development. Previously, Mr. Goldfarb served in roles of increasing responsibility with Memorial Resource Development, Natural Gas Partners and Bank of America. His background includes finance, strategic planning, mergers and acquisitions and capital market transactions. Mr. Goldfarb received a bachelor’s degree in Finance from The University of Texas and an MBA from Stanford University.
- Supplier Code of Ethics | Ensign
Supplier Code of Ethics Back What we Expect Our relationships with vendors, contractors and suppliers are critical to achieving responsible and ethical corporate performance. The Supplier Code of Ethics (“Supplier Code”) provides the foundation for relationships built on lawful and fair practices. For the purposes of this Supplier Code, “supplier” refers to any company, corporation or other entity or person that provides, or seeks to provide, goods or services to Ensign, and includes the supplier’s employees, agents, workers, representatives, contractors and subcontractors. Compliance with the Supplier Code of Conduct Suppliers should carefully review the Supplier Code. Suppliers are responsible for ensuring that they comply with Ensign’s standards of conduct. Suppliers must never act in any way that undermines compliance with Supplier Code. The Supplier Code also outlines important mechanisms for mutual accountability, including the requirement that Ensign and its suppliers promptly report all ethical concerns involving Ensign and cooperate in any investigation of alleged violations of its code of ethics. Ensign expects its employees and business partners to respect one another and the unique character and contribution they bring to our operations. Treating each other with dignity, respect and fairness is the foundation of good business conduct. Health Safety & Environmental Suppliers must share Ensign’s commitment to providing a safe and healthy workplace and conducting operations in an environmentally responsible manner. Suppliers are responsible for observing all Health Safety and Environmental (“HSE”) laws, regulations, rules and permit requirements that apply to their operations. They must also take precautions to protect the environment, health and safety of their employees, Ensign employees, business partners and members of the communities in which we operate. Suppliers must promptly report and take immediate steps to correct all accidents, injuries, unsafe or unhealthy conditions, and potential violations of health, safety or environmental laws, regulations or Ensign policies. Requests to violate established health, safety or environmental procedures in connection with Ensign-related activities must never be acted on and must always be reported. In addition, each supplier has the obligation to stop work activities that may represent a threat to safety or the environment. Suppliers are expected to uphold Ensign’s Health, Safety and Environmental Policy. Dignity, Respect and Fairness Suppliers must cooperate with Ensign’s commitment to an inclusive workforce free of unlawful discrimination. Ensign requires that suppliers not engage in discrimination in any employment practice, including recruiting, hiring, compensation, benefits, transfer, termination, training or social or recreational programs, on the basis of race, color, religion, gender, sexual orientation, gender identity, age, national origin, military or veteran status, disability or any other legally protected characteristics. Harassment, Violence and Weapons Harassment and violence have no place in the workplace or off-site. They are strictly prohibited in connection with Ensign-related activities and will not be tolerated. Suppliers are expected to cooperate with Ensign’s commitment to prohibit harassment and threats of violence. Ensign prohibits the possession of firearms, guns, explosives and any other weapons, as well as ammunition, while on Ensign premises unless otherwise precluded by the laws of a particular jurisdiction. Drugs and Alcohol Suppliers are expected to be free from the influence of alcohol, drugs and improperly used prescription medicine when conducting Ensign’s business, whether on or off Ensign’s premises. External Communications Suppliers are prohibited from engaging in any communication representing Ensign’s opinion in any forum without prior written approval. Antitrust Laws Suppliers are expected to comply with applicable antitrust and fair competition laws and to not participate in any activity that could be considered a violation of antitrust laws. Anti-Corruption Laws Suppliers must comply with all applicable anti-corruption laws, including the U.S. Foreign Corrupt Practices Act, which makes it a criminal offense to bribe or offer to bribe a foreign governmental or political official to obtain or retain business. No supplier may participate in bribes or kickbacks of any kind, whether in dealings with public officials or individuals in the private sector. Suppliers must not give, promise to give or offer to give anything of value, directly or indirectly, to a governmental official or employee, government agency, political party, public international organization or any candidate for political office in order to improperly influence any act or decision or otherwise improperly promote the business interests of Ensign. Anti-Boycott Laws Suppliers must not participate or support any international boycott that is not sanctioned by the United States government or applicable laws. Trade Laws Suppliers must comply with applicable trade controls. Accounting and Disclosure Practices Suppliers are expected to honestly and accurately record and report all matters related to business with Ensign. Books, records, accounts and financial statements should be maintained in reasonable detail, appropriately reflect all transactions with Ensign and conform to generally accepted accounting principles, applicable legal requirements and a system of internal controls. Suppliers shall make their books, records, accounts and financial statements available to Ensign upon written request and or as stated and agreed upon within any Agreement by and between Suppliers. Records Retention Suppliers shall create, retain and dispose of business records in compliance with all applicable legal and regulatory requirements. Further, suppliers must cooperate with Ensign’s business record retention needs if the supplier is advised or otherwise should recognize that a business record may be relevant to an audit, investigation or pending or threatened legal or regulatory proceeding. Political Activities Without prior written approval, suppliers may not use Ensign funds or resources for political activities, make any political contributions or present any gifts on behalf of Ensign to any candidate for public office or elected official, or represent Ensign or authorize any third party to represent Ensign in making contacts with any federal, state or local government official (or member or employee of a legislative body or government agency) to influence policy, legislation, agency rules, regulations or any other official action. Charitable Giving Suppliers shall not make or promise charitable contributions on Ensign’s behalf or take advantage of their relation- ship with Ensign to inappropriately solicit Ensign employees, suppliers or other business partners for contributions or to become involved in a nonprofit organization. Building and maintaining relationships with our stakeholders through integrity and ethical practices is critical to our long-term success. All Ensign suppliers must conduct all business activities in accordance with the following requirements: Fair Dealing Suppliers must deal fairly with Ensign’s customers, suppliers, contractors, royalty owners, competitors, employees and other stakeholders. Suppliers must not take unfair advantage of anyone through manipulation, abuse of privileged or confidential information, misrepresentation, fraudulent behavior or any other unfair practice. Protection of Confidential Company Information and Personal Data Suppliers must strictly adhere to all confidentiality obligations as agreed upon and written in any Agreement by and between Ensign and Supplier. Suppliers may not access, use, remove, copy or share confidential company information or personal data without a legitimate business purpose and prior written approval from Ensign. Confidential information includes proprietary information regarding business activities and financial performance, as well as any nonpublic information that might be of use to competitors or harmful to Ensign or its business partners if disclosed. Suppliers must be familiar with and abide by laws and regulations that govern the collection, use and disposal of personal data, including wage, salary, benefit and other confidential information related to Ensign employees, contractors, directors, shareholders, royalty owners, customers and other business partners. Suppliers must ensure the confidentiality of this information and return all confidential information and personal data after their relationship with Ensign ends or as stated and agreed upon within any Agreement by and between Suppliers. Insider Trading Suppliers may not use or share insider information concerning Ensign for the purpose of trading in Ensign or other securities. Insider information includes material nonpublic information about matters such as significant contracts, claims, liabilities, major litigation, potential sales, mergers or acquisitions, development plans, activities, earnings, forecasts and budgets. Protection of Ensign Assets Suppliers are expected to protect Ensign asset’s; (i) If Supplier has control of Ensign Equipment or Assets, or (ii) has been contracted by Ensign to do so; against theft, loss and misuse. Ensign assets include tangible items like buildings and equipment, as well as intangible items like business plans and potential prospects. When operating a vehicle on Ensign business, suppliers are expected to do so in a safe manner. Conflicts of Interest Suppliers must avoid actual conflicts of interest or the appearance of conflicts of interest in business transactions and relationships involving Ensign. A conflict of interest exists when private interests, financial or otherwise, interfere with Ensign’s interests. Conflicts of interest commonly arise when: A supplier uses Ensign resources, such as facilities, equipment, materials, computers, office supplies, information or other assets, for personal gain or inconsistently with Ensign’s best interests; A supplier takes personal advantage of a business opportunity or investment opportunity made available as a result of their relationship with Ensign; or A supplier has a family member or friend employed by Ensign. Business Gifts and Entertainment Suppliers are expected to understand and comply with Ensign’s policies governing business gifts and entertainment; Ensign Suppliers must never offer or provide personal incentives, rewards or bribes to any Ensign employee, contractor or supplier in an effort to influence a business decision or gain an unfair advantage. Suppliers may offer reasonable gifts and entertainment consistent with customary business practices and in compliance with applicable law and company policy as long as they do not influence or appear to influence a Ensign employee to act in a manner contrary to Ensign’s interests. Any item of value provided by a supplier is considered a gift even if it is provided in conjunction with ordinary business activities. Suppliers are expected to make available upon request records detailing all gifts and entertainment provided to Ensign employees or contractors.