Post Tagged with: "ICD"

Independence Contract Drilling Reports 100% Utilization of ShaleDriller Rig Fleet

Independence Contract Drilling Reports 100% Utilization of ShaleDriller Rig Fleet

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 …

ICD Rig 203

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

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

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

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