Sidewinder Drilling has merged with Independence Contract Drilling. With the closing of the merger, ICD will more than double the size of its pad-optimal rig fleet to 34 rigs following modest upgrades to five Sidewinder rigs. The combined company's management team will be led by Anthony Gallegos, Sidewinder's current President & Chief Executive Officer, who also will serve as a director of the combined company, and Philip Choyce, ICD's current Executive Vice President & Chief Financial Officer. Upon closing of the merger, the combined company's board of directors will consist of four existing ICD board members, including Thomas R. Bates, James D. Crandell, Matthew D. Fitzgerald, and Daniel F. McNease, as well as Mr. Gallegos, and two additional members, James Minmier and Adam Piekarski, appointed by the former owners of Sidewinder. Anthony Gallegos commented, "We are extremely excited about what this strategic combination means for Independence Contract Drilling. The combination of fleets, management teams and people continues ICD's strategic direction as a pure play, pad-optimal growth company focused on North America's most prolific oil and gas plays. ICD adds significant operational and financial scale and flexibility, and recharges growth through imbedded organic opportunities within the acquired Sidewinder fleet that are executable with very attractive investment returns. Our integration plans are in place and we are focused on realizing and exceeding the high end of our synergy expectations over the next several quarters." Please visit our new home at www.icdrilling.com http://icdrilling.investorroom.com/2018-10-01-Independence-Contract-Drilling-Inc-Announces-Special-Meeting-Results
View Top Employees from Sidewinder Drilling LLCWebsite | http://www.sidewinderdrilling.com |
Revenue | $121 million |
Employees | 171 (123 on RocketReach) |
Founded | 2011 |
Address | 952 Echo Ln. Ste. 460, Houston, Texas 77024, US |
Phone | (832) 320-7600 |
Technologies |
JavaScript,
HTML,
PHP
+38 more
(view full list)
|
Industry | Oil and Gas, Oil & Gas Exploration & Services, Energy, Energy Exploration, Land drilling in unconventional resource plays, Energy, Utilities & Waste Treatment, Energy Production, Natural Resources |
Web Rank | 7 Million |
Keywords | Oil, Contract Drilling Services, Horizontal Directional Drilling, Directional Boring, Onshore Drilling, Upstream |
Competitors | Continental Engines, Fabtech Industrial Services,Inc., Former Stork B.V., Subsurface Consultants & Associates, LLC (SCA), Victor Technologies International, Inc. |
SIC | SIC Code 138 Companies, SIC Code 13 Companies |
NAICS | NAICS Code 211 Companies, NAICS Code 21 Companies |
Looking for a particular Sidewinder Drilling LLC employee's phone or email?
The Sidewinder Drilling LLC annual revenue was $121 million in 2024.
123 people are employed at Sidewinder Drilling LLC.
Sidewinder Drilling LLC is based in Houston, Texas.
The NAICS codes for Sidewinder Drilling LLC are [211, 21].
The SIC codes for Sidewinder Drilling LLC are [138, 13].