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 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:

Headquartered in: Texas

Parent Sector: oilfield services and supplies

Parent Industry: contract drilling services

Employees (prior to pandemic): 650

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $10,229

Good Jobs First has no data in this category

Ratio of CEO Pay to that of Median Worker: 15.9 to 1

CEO Compensation: $1,532,435

Worker Median Pay: $96,446

Good Jobs First has no data in this category