Fundraising Fox

Independence Contract Drilling

Houston, US · Founded 2011 · Delaware corporation

Independence Contract Drilling (ICD) provides contract land drilling services to oil and gas exploration and production companies in the U.S., operating a fleet of drilling rigs marketed under its ShaleDriller brand. Founded in 2011, it serves key U.S. production regions including the Permian Basin and the Haynesville Shale.

Founders & leadership

PA
Philip A. ChoyceinExecutive VP & CFO (original founder)
SH
Steven HaleExecutive
TN
Tighe NoonanNamed on SEC filing
MJ
Michael J. HarwellNamed on SEC filing
DF
Daniel F. McNeaseNamed on SEC filing
TR
Thomas R. Bates, Jr.Named on SEC filing
CK
Chris K. MenefeeNamed on SEC filing
PD
Philip DalrympleNamed on SEC filing
JD
James D. CrandellNamed on SEC filing
BD
Byron DunnNamed on SEC filing
MF
Matthew FitzgeraldNamed on SEC filing

Board

TB
Thomas BatesBoard director

Reported raises · per SEC filings

Form D private placements

$237.8M disclosed across 3 rounds · 2012–2020

$5MraisedNov 2020 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Philip A. ChoyceExecutive Officer
  • J. Anthony Gallegos, Jr.Executive Officer, Director
  • Philip A. DalrympleExecutive Officer
  • Daniel F. McNeaseDirector
  • Matthew D. FitzgeraldDirector
  • Adam J. PiekarskiDirector
  • James G. MinmierDirector
Offering amount
$5M
Amount sold
$5M
Sales commissions
$180K
Placement agents
B. Riley Securities, Inc.
First sale
Nov 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$154.9MraisedJul 2018 · 30 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Tighe NoonanDirector
  • Philip A. ChoyceExecutive Officer, Promoter
  • Michael J. HarwellExecutive Officer
  • Daniel F. McNeaseDirector
  • Thomas R. Bates, Jr.Director
  • Chris K. MenefeeExecutive Officer
  • Philip DalrympleExecutive Officer
  • James D. CrandellDirector
  • Byron DunnExecutive Officer, Director
  • Matthew FitzgeraldDirector
Offering amount
$154.9M
Amount sold
$154.9M
First sale
Jul 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$77.9MraisedMar 2012 · 20 investors · Oil and Gas
Rule 506(b)
Officers, directors & promoters on the filing
  • Byron DunnExecutive Officer, Director
  • Thomas BatesDirector
  • Tighe NoonanDirector
  • Steven HaleExecutive Officer
  • Philip ChoyceExecutive Officer
Offering amount
$168.6M
Amount sold
$77.9M
Sales commissions
$6.3M
Placement agents
FBR Capital Markets & Co., Sprott Private Wealth GP Inc.
First sale
Mar 2012
Incorporated
Corporation, Delaware, 2011
Federal exemptions
06
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Independence Contract Drilling do?
Independence Contract Drilling (ICD) provides contract land drilling services to oil and gas exploration and production companies in the U.S., operating a fleet of drilling rigs marketed under its ShaleDriller brand. Founded in 2011, it serves key U.S. production regions including the Permian Basin and the Haynesville Shale.
How much funding has Independence Contract Drilling raised?
Independence Contract Drilling has disclosed $237.8M raised across 3 rounds.
Where is Independence Contract Drilling headquartered?
Independence Contract Drilling is headquartered in Houston, US.