Fundamentals Support Deleveraging Path
We hosted a fireside chat with President and Chief Executive Officer Anthony Gallegos on April 4. Our wide-ranging conversation touched on market conditions for ICD's fleet of pad-optimal super-spec drilling rigs, transitioning rigs to oil-directed drilling in the Permian Basin from gas-directed drilling in the Haynesville Shale, and the ability of ICD to deleverage the balance sheet through free cash flow generation. This report contains a transcript of the fireside chat from April 4, which can be accessed on demand.Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers targeting resource plays in the United States. The company owns and operates a fleet comprised of drilling rigs. The company's rig fleet includes 29 marketed AC powered (AC) rigs and a number of additional rigs requiring conversions or upgrades in order to meet its AC pad-optimal specifications. The company's rigs are operating in the Permian Basin, the Haynesville Shale and the Eagle Ford Shale.
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