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Independence Contract Drilling, Inc.

US:ICDIUS:ICDIQUS:ICD
No current share price held for this company.

Past year: ▼ 98%(2.50c – 1.42 USD)

Market cap
—
Shares on issue
—
Story beats
29 since 2014
Last event
17 Jan 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

25 Aug 2023substantial holder notice● Neutral

Karlin Energy, LLC, Karlin Asset Management, Inc, Karlin Holdings Limited Partnership, Gary Karlin Michelson MD Living Trust dated, Gary Karlin Michelson disclosed a new substantial Independence Contract Drilling, Inc. shareholding (9.80% of votes).

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11 Aug 2023auditor change● Neutral

On August 7, 2023 the audit committee dismissed BDO USA as auditor and hired Moss Adams for the year ending December 31, 2023. The filing says BDO's reports for 2021 and 2022 had no adverse opinion or qualification, and there were no disagreements or reportable events. No reason for the change is given.

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3 Aug 2023quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $56.4 million and a net loss of $4.2 million for the period ended 2023-06-30.

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3 Aug 2023quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $56.4 million and a net loss of $4.2 million for the period ended 2023-06-30.

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5 July 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Robert J. Barrett IV exercised stock options for 19,123 shares and disposed of 28,685 shares.

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9 May 2023quarterly activities report● Neutral

Independence Contract Drilling, Inc. reported quarterly revenue of $63.8 million and net income of $12 thousand for the period ended 2023-03-31.

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9 May 2023quarterly activities report● Neutral

Independence Contract Drilling, Inc. reported quarterly revenue of $63.8 million and net income of $12 thousand for the period ended 2023-03-31.

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27 Apr 2023director interest notice● Neutral

Brian Berman became a Independence Contract Drilling, Inc. company insider (initial ownership filing).

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Vincent J Cebula exercised stock options for 22,001 shares and disposed of 33,002 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider James Minmier exercised stock options for 16,501 shares and disposed of 24,752 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Stacy Durbin Nieuwoudt exercised stock options for 16,501 shares and disposed of 24,752 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. EXECUTIVE VP & CFO Philip A Choyce exercised stock options for 57,362 shares and disposed of 75,826 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. SR VICE PRESIDENT - OPERATIONS Philip Dalrymple exercised stock options for 32,266 shares and disposed of 42,652 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. exercised stock options for 164,917 shares and disposed of 218,000 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. VP & CHIEF ACCOUNTING OFFICER Kathrine Kokenes exercised stock options for 12,548 shares and disposed of 16,587 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. SVP - SALES AND MARKETING Scott A. Keller exercised stock options for 35,851 shares and disposed of 47,391 shares.

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20 Mar 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Daniel F Mcnease exercised stock options for 16,501 shares and disposed of 24,752 shares.

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27 Feb 2023material agreement● Neutral

On February 24, 2023 the 2026 convertible notes indenture was amended again. The redemption multiplier rose from 1.04 to 1.08, electronic notices to noteholders were allowed, and the information-sharing rules were clarified. At the same time the noteholders consented to raising the 2023 capital spending allowance by $16,850,000, for planned maintenance, tubulars and completing the reactivation of the 21st rig. A higher redemption multiplier looks like a higher cost to redeem the notes early (inference). The spending increase continues the pattern of noteholder-approved expansion.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. EXECUTIVE VP & CFO Philip A Choyce acquired 60,714 shares and disposed of 8,227 in a set of related equity transactions.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Vincent J Cebula received a stock option grant for 25,000 shares.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Stacy Durbin Nieuwoudt received a stock option grant for 25,000 shares.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Robert J. Barrett IV received a stock option grant for 25,000 shares.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. SVP - SALES AND MARKETING Scott A. Keller acquired 29,967 shares and disposed of 1,457 in a set of related equity transactions.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. VP & CHIEF ACCOUNTING OFFICER Kathrine Kokenes exercised stock options for 9,695 shares and disposed of 480 shares.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. SR VICE PRESIDENT - OPERATIONS Philip Dalrymple acquired 27,012 shares and disposed of 2,396 in a set of related equity transactions.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider James Minmier received a stock option grant for 25,000 shares.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. acquired 132,939 shares and disposed of 16,596 in a set of related equity transactions.

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14 Feb 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Daniel F Mcnease received a stock option grant for 25,000 shares.

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19 Jan 2023director interest notice● Neutral

Independence Contract Drilling, Inc. insider Stacy Durbin Nieuwoudt exercised stock options for 8,130 shares and disposed of 8,130 shares.

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29 Dec 2022substantial holder notice● Neutral

Adage Capital Partners, L.P, Adage Capital Partners GP, L.L.C, Adage Capital Advisors, L.L.C, Robert Atchinson, Phillip Gross disclosed a new substantial Independence Contract Drilling, Inc. shareholding (5.22% of votes).

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