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Security Profile
- Security Type
- Common Stock
- CUSIP
- 453415101
- Market Cap
- Micro Cap
- IPO
- 7/7/2014 · $11.00/share
- Previous Symbol
- ICD (changed 8/29/2024)
Business: Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling constructs, owns and operates a fleet of ShaleDriller rigs that are specifically engineered and designed for development of its customers' unconventional oil and gas properties. All of Independence Contract Drilling's operating rigs are currently drilling in the Permian Basin, but its rigs have previously operated in the Mid-Continent region and Eagle Ford Shale.
Notes: Feb 28. 2020 -- The Company's Board of Directors has approved a 1-for-20 reverse stock split of the Company's common stock. The reverse split will be effective at 5:00 p.m. Eastern Time on March 11, 2020 (the "Effective Time"), and the Company's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange as of the market open on March 12, 2020. The reverse stock split reduces the number of issued and outstanding shares of the Company's common stock from approximately 77,523,973 and 76,241,045 shares, respectively to approximately 3,876,199 and 3,812,052 shares, respectively.
Company Contact
- CEO
- J. Anthony Gallegos, Jr.
- CFO
- Philip A. Choyce
- Headquarters
- 20475 State Highway 249, Suite 300, Houston, TX 77070
- Phone
- 281-598-1230
- Fax
- 832-645-0302
- Investor Relations
- 281-598-1211 · Investor.relations@icdrilling.com