News Releases

Houston, April 3, 2013 – Independence Contract Drilling is pleased to announce that Daniel F. McNease has joined its Board of Directors.

Currently Mr. McNease serves as the Chairman of AXON EP, Inc. and as a Member of the Advisory Board at HitecVision AS. He has been a Director of Dockwise Ltd. since 2007.

From 2004 through 2008 Mr. McNease served as President, Chairman of the Board and Chief Executive Officer at Rowan Companies plc, a $4.5 billion provider of land and offshore contract drilling services and a manufacturer of rigs and drilling equipment. In total, Mr. McNease spent 34 years at Rowan, serving as Chief Executive Officer from 2003 to 2008, President from 2002 to 2008 and as Executive Vice President of Rowan Companies plc and President of its drilling subsidiaries from 1999 to 2002.

Tom Bates, Chairman of the Board of Independence noted, "Danny has spent his entire working life in the global drilling industry, both on land and offshore, and has worked tirelessly to advance the industry. The entire board is very pleased to welcome Danny and looks forward to his guidance, industry knowledge and leadership as we move Independence toward a public listing."

Mr. McNease is a graduate of the University of Southern Mississippi and the Columbia University Executive Program. He is a member of the International Association of Drilling Contractors (IADC), the National Ocean Industries Association (NOIA), and the American Petroleum Institute (API).

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