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Independence Contract Drilling
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| General Information |
| Business: |
We provide land-based contract drilling services for oil and natural gas producers targeting unconventional resource plays in the United States. We construct, own and operate a premium fleet comprised entirely of newly constructed, technologically advanced, custom designed ShaleDriller™ rigs that are specifically engineered and designed to optimize the development of our customers’ most technically demanding oil and gas properties. All of our operating rigs are currently drilling in the Permian Basin, but our rigs have previously operated in the Mid-Continent region and Eagle Ford Shale. We are focused on creating stockholder and customer value through our commitment to operational excellence and our focus on safety. |
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| Industry: |
DRILLING OIL & GAS WELLS |
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| Employees: |
239 |
Founded: |
2011 |
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| Contact Information |
| Address: |
11601 North Galayda Street, Houston, TX 77086, US |
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| Financial Information |
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| Revenues: |
$ 48.1 mil (last 12 months) |
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| Net Income: |
$ -4.0 mil (last 12 months) |
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| IPO Profile |
| Symbol: |
ICD |
| Shares (millions): |
10.0 |
| Price Range: |
$11.00 - $11.00 |
| Est.$ Volume |
$ 110.0 mil |
| Manager / Joint Managers |
Morgan Stanley/ RBC Capital Markets/ Tudor, Pickering, Holt |
| Co Managers |
Canaccord Genuity/ Capital One Securities/ Cowen and Company/ FBR/ IBERIA Capital Partners/ Johnson Rice & Company |
| Expected to Trade |
8/8/2014 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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