News Releases

Houston, April 24, 2012 – Independence Contract Drilling is pleased to announce that Matthew Fitzgerald has joined its Board of Directors and will also serve as Chairman of its Audit Committee. Mr. Fitzgerald currently serves on the Board and as Audit Committee Chairman for Rosetta Resources, Inc. Mr. Fitzgerald previously served as Senior Vice President, Chief Financial Officer and Treasurer of Grant Prideco, Inc.; Executive Vice President, Chief Financial Officer and Treasurer of Veritas DGC, and as Vice President and Controller of BJ Services Company. Tom Bates, Chairman of the Board of Independence, said "The Independence Board joins me in welcoming Matt to our team. Matt's accomplished energy background will provide valuable insight and guidance as we implement our growth strategy and move forward in our plans to become a publicly traded company."

About Independence Contract Drilling
Independence Contract Drilling was formed in 2011 as a vertically integrated premium land drilling services provider. From its wholly owned API certified manufacturing facility in Houston, Texas, Independence Contract Drilling provides E&P operators the ShaleDriller™ series rigs. These rigs are fast moving, programmable AC rigs custom designed to be best in class for the development of shale plays and other areas where completions require long horizontal sections.

Media Contact
Philip Choyce
(281) 598-1230