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.
Independence Contract Drilling was founded in 2011 and is headquartered in Houston, US