Independence Contract Drilling, Inc. to Participate in Johnson Rice Energy Conference
HOUSTON, Sept. 25, 2014 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that Byron A. Dunn, Chief Executive Officer, will present at the Johnson Rice Energy Conference in New Orleans, LA on Monday, September 29, 2014 at 1:35 p.m. Central Time.
The company presentation to be used by Mr. Dunn can be accessed on the company's website at www.icdrilling.com in the Investor section.
About Independence Contract Drilling, Inc.
Independence Contract Drilling was formed in November 2011 and 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.
Safe Harbor Statement
The presentation mentioned in this release will include forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Independence has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, including (i) changes in demand for our services and any related material impact on our pricing and utilizations rates, (ii) Independence's ability to execute, manage its growth strategy and successfully construct and contract newbuild rigs, and (iii) changes in our expenses, including labor or material costs and financing costs. (iv) our inability to implement our business and growth strategy; (v) a sustained decrease in domestic spending by the oil and natural gas exploration and production industry; (vi) decline in or substantial volatility of crude oil and natural gas commodity prices; (vii) fluctuation of our operating results and volatility of our industry; (v) inability to maintain or increase pricing on our contract drilling services; (viii) delays in construction or deliveries of our new land drilling rigs; (ix) the loss of a key customer, financial distress or management changes of potential customers or failure to obtain contract renewals and additional customer contracts for our drilling services; (x) an increase in interest rates and deterioration in the credit markets; and (xi) unanticipated costs, delays and other difficulties in executing our long-term growth strategy. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Independence's Registration Statement on Form S-1 and subsequent Form 10-Qs filed with the SEC. While Independence makes these statements and projections in good faith, neither Independence nor its management can guarantee that anticipated future results will be achieved. Independence assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Independence, whether as a result of new information, future events, or otherwise.
SOURCE Independence Contract Drilling, Inc.