COVID Stimulus Watch Individual Entry

Recipient Company:
INDEPENDENCE CONTRACT DRILLING, INC
Loan or Loan Guarantee Amount:
$10,000,000

Recipient Details

Ownership Structure: publicly traded (ticker symbol ICD)
Facility Street Address: 20475 STATE HIGHWAY 249
Facility City: HOUSTON
Facility State: TX
Facility Zip Code: 77070
Facility Congressional District: TX-02
Facility NAICS Code: 213111 : Drilling Oil and Gas Wells

Award Details

Award Date: Apr 27, 2020
Award Type: loan
Jobs Reported at Time of Application: 500
PPP Lender: City Bank
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/1537028/000153702820000074/icd-2...

Parent Company Data

Parent Company: Independence Contract Drilling, Inc.
Headquartered in: Texas
Parent Sector: oilfield services and supplies
Parent Industry: contract drilling services
Employees (prior to pandemic): 650

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $10,229
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 15.9 to 1
CEO Compensation: $1,532,435
Worker Median Pay: $96,446
Tax icon
Good Jobs First has no data in this category

Details on Accountability data sources