Craft

Independence Contract Drilling

Stock Price

$0.1

2024-10-29

Market Capitalization

$8.9 M

2024-10-29

Revenue

$210.1 M

FY, 2023

Independence Contract Drilling Summary

Company Summary

Overview
The Company constructs, owns and operates a fleet comprised of constructed, technologically advanced, custom designed ShaleDriller rigs that are specifically engineered and designed to optimize the development of its customers’ technically demanding oil and gas properties. Its fleet consists of eleven premium rigs. Its AC rigs use a variable frequency drive that allows precise computer control of motor speed during operations. Its multi-directional walking system is engineered and designed as an integrated part of its ShaleDriller rig’s substructure to optimize pad drilling economics for the Company’s customers. Nine of the Company’s eleven ShaleDriller rigs are bi-fuel capable.
Type
Public
Status
Active
Founded
2011
HQ
Houston, TX, US | view all locations
Website
http://www.icdrilling.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Philip A. Choyce, Executive Vice President and Chief Financial Officer

    • J. Anthony Gallegos, President and Chief Executive Officer, Director

      • Daniel F. McNease, Chairman of the Board

        • Philip A. Dalrymple, Senior Vice President, Operations

          LocationsView all

          1 location detected

          • Houston, TX HQ

            United States

          Independence Contract Drilling Financials

          Summary Financials

          Revenue (Q1, 2024)
          $46.6M
          Gross profit (Q1, 2024)
          $15.8M
          Net income (Q1, 2024)
          ($9.0M)
          Cash (Q1, 2024)
          $6.9M
          EBIT (Q1, 2024)
          $661.0K
          Enterprise value
          $173.9M

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