Independence Contract Drilling, Inc. Announces Executive Changes, Effective May 29, 2020
May 20, 2020 at 03:59 pm EDT
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On May 15, 2020, Michael J. Harwell, Vice President-Finance and Chief Accounting Officer of Independence Contract Drilling, Inc., tendered his resignation effective May 29, 2020. Mr. Harwell will be pursuing a Chief Financial Officer position with a non-oilfield related company. Effective May 29, 2020, Katherine Kokenes will assume the role of Chief Accounting Officer of the company. Mrs. Kokenes has served as the company's Director of Financial Reporting from June 2015 to May 2020 and its Corporate Controller from August 2013 to June 2015.
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.