Independence Contract Drilling

Independence Contract Drilling, Inc. engages Piper Sandler & Co as financial advisor to strategic alternatives committee

March 21, 2024

Oil & Gas 360 HOUSTON, March 21, 2024 /PRNewswire/ — Independence Contract Drilling, Inc. (the “Company” or “ICD”) (NYSE: ICD) previously disclosed that ICD’s Board of Directors (“Board”) has initiated a formal review process to begin evaluating alternatives with respect to refinancing its convertible notes and other strategic opportunities and formed a committee of independent directors for that purpose. Today, ICD is

Exclusive: Independence Contract Drilling at EnerCom Denver-The Energy Investment Conference

August 26, 2022

Independence Contract Drilling is a premium land drilling services provider. From our corporate headquarters in Houston, Texas, we develop and assemble our ShaleDriller® series rig design based on E&P operator feedback and field requirements. ShaleDrillers are designed for safe and efficient drilling operations on large, multi-well drilling locations. The ShaleDriller series rigs are AC programmable, energy efficient Dual-Fuel, and custom

Exclusive: Independence Contract Drilling at The Oil & Gas Conference

September 22, 2021

Independence Contract Drilling is a premium land drilling services provider. From our corporate headquarters in Houston, Texas, we develop and assemble our ShaleDriller® series rig design based on E&P operator feedback and field requirements. ShaleDrillers are designed for safe and efficient drilling operations on large, multi-well drilling locations. They are designed to move fast and are capable of walking in

Independence Contract Drilling and Sidewinder Drilling to Merge

July 19, 2018

Independence Contract Drilling, Inc. (NYSE: ICD) and Sidewinder Drilling, LLC have jointly announced a merger agreement for ICD to acquire all outstanding Sidewinder equity interests. The acquisition allows ICD to more than double its fleet of rigs to 34, following upgrades to five of Sidewinder’s rigs. In conjunction with this acquisition ICD has received binding commitments for a $130 million,

Independence Contract Drilling to Present at The Oil and Gas Conference

July 11, 2018

Independence Contract Drilling, Inc. (NYSE: ICD) Company Overview Independence Contract Drilling is a land drilling services provider. From its Houston rig-up yard it develops and assembles its ShaleDriller® series rig design based on E&P operator feedback and field requirements. The ShaleDriller series rigs are AC programmable, energy efficient BiFuel, custom designed, and capable of multi-directional walking. Summary Q1-2018 Revenue: $25.6

Independence Contract Drilling Reports 100% Utilization of ShaleDriller Rig Fleet

February 26, 2018

New contract extensions add 3 rig-years of backlog; board approves another ShaleDriller newbuild Carrying on from Q4, all 14 of Houston-based Independence Contract Drilling, Inc.’s (ticker: ICD) ShaleDriller rigs are currently contracted and operating under term contracts. As of December 31, 2017, the company’s proforma backlog of revenues from contracts with original terms of six months or more, including contract

Independence Contract Drilling (ICD) Enters Q4 at 100% Fleet Utilization

November 1, 2017

Four contract renewals add three years to backlog Q3 Highlights Net loss of $6 million, or ($0.16) per share Adjusted EBITDA of $3.1 million Fully-burdened margin per day, excluding construction costs, of $4,521 per day. No reactivation expenses during Q3 Renewal of four term contracts, adding three rig years to backlog Sequential backlog increases to $75 million on Sept. 30,

Crescent Point Energy (CPG) Q3: Progress in the Uinta

October 27, 2017

Additional capital heading to Uinta and Williston Q3 Key highlights Achieved Q3 2017 average production growth of 10 percent year-over-year Increased 2017 average production guidance to 175,500 BOEPD from 174,500 BOEPD based on positive operating results Advanced new play development in Uinta and Williston basins, organically expanding resource base and inventory Transacted over $190 million of non-core dispositions at an

EnerCom’s 2017 Conference Day One Breakout Notes: Independent Contract Drilling

August 14, 2017

Independence Contract Drilling Breakout Notes Byron A. Dunn, president and CEO of Independence Contract Drilling, (ticker: ICD) presented today at EnerCom’s The Oil & Gas Conference® 22. Independence Contract Drilling—a drilling service company—has oriented its services towards horizontal shale plays that are now the norm in the oil industry with the introduction of the ShaleDriller® series rigs, which are optimized

Independence Contract Drilling: ShaleDriller® Walking Rigs Designed for Pad Drilling Market

June 19, 2017

Independence Contract Drilling (ticker: ICD) has made shale play drilling its primary business target with the introduction of its ShaleDriller® series rigs. Demand for Independence’s rigs is largely focused in the Permian basin, with the Eagle Ford and Haynesville also playing home to rig operations. Walking rigs nice fit for shale development The ShaleDriller® rigs are built with a hydraulic

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