Add-on Acquisition • Energy Services and Equipment

Independence Contract Drilling Acquires Sidewinder Drilling

On July 18, 2018, Independence Contract Drilling acquired energy services and equipment company Sidewinder Drilling

Acquisition Context
  • This is Independence Contract Drilling’s 1st transaction in the Energy Services and Equipment sector.
  • This is Independence Contract Drilling’s 1st transaction in the United States.
  • This is Independence Contract Drilling’s 1st transaction in Texas.

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M&A Deal Summary

Date July 18, 2018
Target Sidewinder Drilling
Sector Energy Services and Equipment
Buyer(s) Independence Contract Drilling
Deal Type Add-on Acquisition

Target Company

Sidewinder Drilling

Houston, Texas, United States
Sidewinder is a land-based drilling contractor that utilizes a technologically advanced fleet of highly mobile, operationally flexible, ultra-efficient land drilling rigs to service exploration and production companies. Sidewinder Drilling was founded in 2011 and is based in Houston, Texas.
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Buyer Overview 1

Buyer

Independence Contract Drilling

Houston, Texas, United States

Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Independence Contract Drilling, Inc. is an onshore drilling company specially created to offer state-of-the-art contract drilling services for unconventional basins. Its focus is the US oil-shale market, where it operates a growing fleet of shale-capable rigs designed and built in its Houston. Independence Contract Drilling was founded in 2011 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1