Sidewinder Drilling has merged with Independence Contract Drilling.
With the closing of the merger, ICD will more than double the size of its pad-optimal rig fleet to 34 rigs following modest upgrades to five Sidewinder rigs. The combined company's management team will be led by Anthony Gallegos, Sidewinder's current President & Chief Executive Officer, who also will serve as a director of the combined company, and Philip Choyce, ICD's current Executive Vice President & Chief Financial Officer. Upon closing of the merger, the combined company's board of directors will consist of four existing ICD board members, including Thomas R. Bates, James D. Crandell, Matthew D. Fitzgerald, and Daniel F. McNease, as well as Mr. Gallegos, and two additional members, James Minmier and Adam Piekarski, appointed by the former owners of Sidewinder.
Anthony Gallegos commented, "We are extremely excited about what this strategic combination means for Independence Contract Drilling. The combination of fleets, management teams and people continues ICD's strategic direction as a pure play, pad-optimal growth company focused on North America's most prolific oil and gas plays. ICD adds significant operational and financial scale and flexibility, and recharges growth through imbedded organic opportunities within the acquired Sidewinder fleet that are executable with very attractive investment returns. Our integration plans are in place and we are focused on realizing and exceeding the high end of our synergy expectations over the next several quarters."
Please visit our new home at www.icdrilling.com
http://icdrilling.investorroom.com/2018-10-01-Independence-Contract-Drilling-Inc-Announces-Special-Meeting-Results
Company Details
- Employees
- 166
- Founded
- -
- Address
- 20475 State Highway 249, Houston,texas,united States
- Phone
- +832-320-7600
- in****@****ing.com
- Industry
- Oil And Gas
- NAICS
-
Oil and Gas Extraction
- HQ
- Houston, Texas
Sidewinder Drilling Llc Questions
Sidewinder Drilling Llc's helpline number is +832-320-7600
Sidewinder Drilling Llc's website is http://www.sidewinderdrilling.com
Sidewinder Drilling Llc's LinkedIn profile is https://www.linkedin.com/company/sidewinder-drilling-inc-
Sidewinder Drilling Llc has
166 employees.
View email and phone details for 166
employees at Sidewinder Drilling Llc.
Sidewinder Drilling Llc's industry is
Oil and Gas
Sidewinder Drilling Llc's top competitors are
Gulf Drilling International,
Latshaw Drilling,
Cactus Drilling Co,
Independence Contract Drilling,
Aro Drilling,
Nabors Industries,
Ensign Energy Services,
Unit Drilling Company,
Precision Drilling,
Nomac Drilling.
Sidewinder Drilling Llc's support email address is info@sidewinderdrilling.com
Sidewinder Drilling Llc's categories are Oil and Gas
Sidewinder Drilling Llc's founding year is 2011
