28 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. EXECUTIVE VP & CFO Philip A Choyce had 854 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. SR VICE PRESIDENT - OPERATIONS Philip Dalrymple had 434 shares withheld for taxes on vesting stock.
28 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. had 1,918 shares withheld for taxes on vesting stock.
22 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner Msd Capital L P sold 60,089 shares.
22 Dec 2022substantial holder notice● Neutral
MSD Partners, L.P, MSD Credit Opportunity Master Fund, L.P, MSD PCOF Partners LXXIII, LLC, MSD Capital, L.P, MSD Energy Investments, L.P, Michael S. Dell reported a Independence Contract Drilling, Inc. shareholding of 2,960,406 shares (19.90% of votes) in a periodic institutional filing.
22 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 253,794 shares.
21 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 63,607 shares at $3.02.
21 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner Msd Capital L P sold 15,060 shares at $3.02.
15 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 10,242 shares.
15 Dec 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner Msd Capital L P sold 2,425 shares.
7 Nov 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 90,000 shares.
7 Nov 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 120,000 shares.
1 Nov 2022quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $49.1 million and a net loss of $7.2 million for the period ended 2022-09-30.
1 Nov 2022quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $49.1 million and a net loss of $7.2 million for the period ended 2022-09-30.
28 Oct 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 57,500 shares.
20 Oct 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 35,241 shares.
11 Oct 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 105,000 shares.
28 Sept 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider James Minmier bought 5,000 shares on the open market.
27 Sept 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Daniel F Mcnease bought 17,500 shares on the open market.
26 Sept 2022material agreement▲ GoodMajor
On September 22, 2022 the Wells Fargo revolver was amended to extend its maturity by two years to September 30, 2025. The interest margin now depends on average excess availability: 2.36% to 2.86% over SOFR, or 1.50% to 2.00% over the base rate. The extension gives the revolver a longer life than before, and it now matures before the 2026 notes.
12 Sept 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 150,000 shares.
31 Aug 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 20,000 shares.
25 Aug 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 197,500 shares.
25 Aug 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 55,000 shares.
17 Aug 2022material agreement● Neutral
On August 15, 2022 the holders of the convertible notes agreed to raise the 2022 capital spending allowance by $10,580,000. It covers converting three 200 Series rigs to 300 Series specifications, long-lead items for reactivating the 21st and 22nd rigs in 2023, drill pipe and other items. The filing also announced the CEO's appearance at the Sidoti conference on August 17-18, 2022, with a presentation attached. This follows the July amendment that allowed such approvals.
15 Aug 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe sold 52,500 shares.
4 Aug 2022quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $42.3 million and a net loss of $2.8 million for the period ended 2022-06-30.
4 Aug 2022quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $42.3 million and a net loss of $2.8 million for the period ended 2022-06-30.
27 July 2022material agreement● Neutral
On July 21, 2022 the company and the trustee amended the 2026 convertible notes indenture. It confirms that the June 8, 2022 shareholder vote on the share issuance and charter amendment proposals counts as the required Shareholder Approval. It also widens the capital spending allowance to cover reactivation costs for contracted rigs and other spending approved by the noteholders and board. The amendments loosen the spending limits that the notes impose.
5 July 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Robert J. Barrett IV received a stock option grant for 49,198 shares.