Independence Contract Drilling, Inc. Provides Operating Guidance for the Third Quarter of 2021
August 04, 2021 at 05:00 pm
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Independence Contract Drilling, Inc. provided operating guidance for the third quarter of 2021. For the quarter, the company expects operating days to be approximate 1,276 days, representing 13.9 average rigs working during the quarter. This includes reactivation of 14th and 15 rigs during July as well as a couple of rigs that will have idle time while transferring between customers during the quarter. Revenue per day to come in between $16,700 and $16,900 per day, with many of the day rate increases on contract rolls, only partially benefiting the third quarter.
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The Company constructs, owns and operates a fleet of pad-optimal ShaleDriller rigs that are specifically engineered and designed to improve its clients production profiles. The Company's operations are focused on unconventional resource plays located in geographic regions that it can support from its Houston, Texas and Midland, Texas facilities. The Company's rig fleet includes approximately 26 pad-optimal, superspec AC powered (AC) rigs. Its rigs are operating in the Permian Basin and the Haynesville Shale. The Company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as small to mid-sized publicly-traded and privately held oil and natural gas companies.
INDEPENDENCE CONTRACT DRILLING, INC. 
