Independence Contract Drilling, Inc. announced that its Board of Directors elected Robert J. Barrett, IV to its Board of Directors. Mr. Barrett will serve on the Company's Audit Committee and will chair the Company's Corporate Governance and Nominating Committee. Mr. Barrett has over 20 years of energy experience as an investor, operations executive, director, and advisor.

Most recently, from 2017 to June 2022, Mr. Barrett was a Managing Director at Angelo Gordon in the Energy Credit strategy group. From 2008 until 2017, Mr. Barrett served as an Executive Vice President at Basin Holdings, a private holding company where he held several executive management positions, including Global Head of Corporate Development and Chief Financial Officer of the rental and manufacturing divisions. Prior to Basin, Mr. Barrett was a member of Credit Suisse's Special Opportunities Group, a proprietary debt and equity investment team, and worked in investment banking at both UBS and Goldman Sachs.

Mr. Barrett received a B.A. from Georgetown University and M.B.A. from the Darden School at the University of Virginia.