Independence Contract Drilling, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Anthony Gallegos Jr.
- Full Time Employees
- 450
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- 20475 State Highway 249 Houston TX United States of America 77070
- IPO Date
- Aug 8, 2014
- CIK
- 0001537028
- Website
- icdrilling.com
- Similar Companies
- Business
- Independence Contract Drilling, Inc. (ICD) provides land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States; the company constructs, owns and operates a premium fleet of pad-optimal ShaleDriller rigs, including superspec AC-powered rigs equipped with advanced features such as enhanced racking capacity up to 25,000 feet, drilling optimization software, dual fuel/electric hi-line systems, omni-directional walking systems, efficient mobilization capabilities, 1500 HP draw works and high-pressure mud systems up to 7500 psi, designed to accelerate clients' production profiles and cash flows from technically demanding properties in key basins including the Permian Basin, Haynesville Shale and Eagle Ford Shale. ICD serves exploration and production operators with a focus on operational excellence, safety and performance-driven solutions tailored to multi-well pad drilling locations. Incorporated in 2011 and headquartered in Houston, Texas, the company operates primarily from facilities in Houston and Midland, Texas, with a fleet of approximately 24-26 marketed rigs as of recent reports. In December 2024, ICD entered a prepackaged Chapter 11 reorganization process supported by holders of its senior secured PIK toggle notes due 2026, equitizing approximately $199.3 million in notes including accrued interest, securing up to $32.5 million in debtor-in-possession financing and $40 million in exit financing from noteholders to repay obligations, support operations, enable rig reactivations and fund investments in rig technology enhancements, while continuing ordinary course payments to vendors and employees; earlier in August 2024, the company's shares transitioned from NYSE American to OTCQX under symbol ICDI due to market capitalization falling below continued listing standards.
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Independence Contract Drilling, Inc. (ICD) Q1 2024 Earnings Call Transcript
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Independence Contract Drilling, Inc. Reports Financial Results for the First Quarter Ended March 31, 2024
Independence Contract Drilling, Inc. Announces Timing of First Quarter 2024 Financial Results and Conference Call
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Stonegate Capital Partners Updates Coverage on Independence Contract Drilling, Inc (ICD) Q4 2023
Independent Contract Drilling (ICD) Reports Q4 Loss, Tops Revenue Estimates
Independence Contract Drilling, Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023
Independence Contract Drilling, Inc. Announces Timing of Fourth Quarter and Year End 2023 Financial Results and Conference Call
Independence Contract Drilling to Present at Sidoti Micro-Cap Virtual Conference on November 15 and 16, 2023