Independence Contract Drilling Inc
NYSE:ICD
Independence Contract Drilling Inc
Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. The company is headquartered in Houston, Texas and currently employs 500 full-time employees. The company went IPO on 2014-04-21. The firm develops and assemble its ShaleDriller series rig. ShaleDrillers are designed for drilling operations on large, multi-well drilling locations. The firm owns and operates a fleet comprised of drilling rigs. The Company’s focuses its operations on unconventional resource plays located in geographic regions in Houston, Texas and Midland, Texas. Its rig fleet includes approximately 24 marketed pad-optimal, superspec alternating current (AC) powered rigs plus additional AC rigs. Its rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale. Its business depends on the level of exploration and production activity by oil and natural gas companies operating in the United States, and in particular, the regions where it markets its contract drilling services.
Independence Contract Drilling, Inc. engages in the provision of land-based contract drilling services for oil and natural gas producers. The company is headquartered in Houston, Texas and currently employs 500 full-time employees. The company went IPO on 2014-04-21. The firm develops and assemble its ShaleDriller series rig. ShaleDrillers are designed for drilling operations on large, multi-well drilling locations. The firm owns and operates a fleet comprised of drilling rigs. The Company’s focuses its operations on unconventional resource plays located in geographic regions in Houston, Texas and Midland, Texas. Its rig fleet includes approximately 24 marketed pad-optimal, superspec alternating current (AC) powered rigs plus additional AC rigs. Its rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale. Its business depends on the level of exploration and production activity by oil and natural gas companies operating in the United States, and in particular, the regions where it markets its contract drilling services.
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