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Independence Contract Drilling Inc
20475 State Highway 249, Suite 300
Phone: (281) 598-1230p:281 598-1230 HOUSTON, TX  77070  United States Ticker: ICDIQICDIQ

Filed for Bankruptcy on 12/2/2024
Case #24-90612, filed in the U.S. Bankruptcy Court for the Southern District of Texas

Business Summary
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to improve its clients production profiles. The Company's operations are focused on unconventional resource plays located in geographic regions that it can support from its Houston, Texas and Midland, Texas facilities. The Company's rig fleet includes approximately 26 pad-optimal, superspec AC powered (AC) rigs. Its rigs are operating in the Permian Basin and the Haynesville Shale. The Company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as small to mid-sized publicly-traded and privately held oil and natural gas companies.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/202412/31/2023YesYesYes-Yes

Industries
SIC Code Description
1381 Drilling oil and gas wells

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board James G.Minmier 60 4/12/2023 10/1/2018
President, Chief Executive Officer, Director J. AnthonyGallegos 54 10/1/2018 10/1/2018
Chief Financial Officer, Executive Vice President Philip A.Choyce 57 1/1/2022 3/1/2012
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Union Drilling, Inc. 4055 International Plaza Fort Worth TX United States
Sidewinder Drilling, Inc. 20475 State Highway 249 Houston TX United States

Business Names
Business Name
ICD
ICDI
ICDIQ
Sidewinder Drilling, Inc.
Union Drilling, Inc.

General Information
Number of Employees: 450 (As of 2/16/2024)
Outstanding Shares: 15,186,780 (As of 11/15/2024)
Shareholders: 30
Stock Exchange: OTC
Federal Tax Id: 371653648
Fax Number: (302) 655-5049


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Wednesday, December 11, 2024