HOUSTON, July 1, 2022
/PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company"
or "ICD") (NYSE: ICD) today 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.
Anthony Gallegos, President and
Chief Executive Officer commented, "On behalf of the Board of
Directors, I'm very pleased to welcome Bobby to ICD. Bobby brings
extensive financial, operating and executive oilfield service
leadership experience and skills to our Board. We are all excited
to work with Bobby as we continue to execute ICD's long-term
strategic initiatives".
About Robert J. Barrett,
IV
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.
About Independence Contract Drilling, Inc.
Independence Contract Drilling 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 accelerate its clients'
production profiles and cash flows from their most technically
demanding and economically impactful oil and gas properties. For
more information, visit www.icdrilling.com.
INVESTOR CONTACTS:
Independence Contract Drilling, Inc.
E-mail inquiries to: Investor.relations@icdrilling.com
Phone inquiries: (281) 598-1211
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SOURCE Independence Contract Drilling, Inc.