Post Tagged with: "Independence Contract Drilling"

Independence Contract Drilling and Sidewinder Drilling to Merge

Independence Contract Drilling and Sidewinder Drilling to Merge

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 …

Independence Contract Drilling to Present at The Oil and Gas Conference

Independence Contract Drilling to Present at The Oil and Gas Conference

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 …

July 11, 2018 - 3:52 pm Closing Bell Story‎, TOGC23
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
EnerCom’s 2017 Conference Day One Breakout Notes: Independent Contract Drilling

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

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 …

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

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

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 …