Independence Contract Drilling, Inc.: insider trades · United States · SEC (Form 4)

About Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc. (ICD) is a U.S.-based land contract drilling company focused on servicing oil and natural gas producers in unconventional shale plays. The company was founded in 2011 by experienced industry professionals, and it was incorporated in Delaware on November 4, 2011. Its corporate headquarters are in Houston, Texas, a key operating hub for the American energy services industry. For investors, ICD has historically been associated with the U.S. listed market, specifically the NYSE under the ticker ICD before its restructuring and transition away from public-company status. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1537028/000153702824000006/icd-20231231x10k.htm?utm_source=openai)) ICD’s business model is straightforward but capital intensive: it owns and operates a premium fleet of modern drilling rigs and provides contract drilling services to upstream oil and gas customers. The company markets its rigs under the ShaleDriller® brand and emphasizes technologically advanced, pad-optimal, AC-powered rigs designed for complex and deep drilling programs. In its latest publicly available annual filing before restructuring, ICD described a fleet of 26 superspec AC rigs and noted that its operations were concentrated in the Permian Basin and the Haynesville Shale, while historically it also worked in the Eagle Ford, Mid-Continent, and Eaglebine regions. That geographic focus suggests a highly targeted U.S. onshore footprint rather than a broad international presence. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1537028/000153702824000006/icd-20231231x10k.htm?utm_source=openai)) From a competitive standpoint, ICD is best viewed as a specialized niche operator rather than a scale leader. Its differentiation has centered on execution quality, safety, operational efficiency, and the ability to support demanding unconventional drilling programs. The company’s positioning is aligned with customers seeking reliable performance in high-activity basins, but it also leaves ICD exposed to the cyclical nature of U.S. land drilling demand, commodity price volatility, and customer capital spending trends. ([icdrilling.com](https://www.icdrilling.com/our-story/)) The most important recent development is ICD’s balance-sheet restructuring. In December 2024 the company announced a comprehensive reorganization plan; in January 2025 that plan was confirmed, and on January 20, 2025 ICD said it had emerged from Chapter 11 as a private company with increased liquidity and a significantly deleveraged balance sheet. A law-firm summary of the process stated that approximately US$200 million of secured debt was equitized. For market readers in France, Belgium, and Switzerland, the key takeaway is that ICD has undergone a major financial reset, and its historical NYSE listing no longer reflects its post-restructuring status. ([icdrilling.investorroom.com](https://icdrilling.investorroom.com/))