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Independence Contract Drilling, Inc.  (ICD)
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    Sector  Energy    Industry Oil Well Services & Equipment

Independence Contract Drilling Inc's



ICD Sales vs. its Competitors Q2 2018

Comparing the results to its competitors, Independence Contract Drilling Inc reported Total Revenue increase in the 2 quarter 2018 by 21 % year on year.
The revenue growth was below Independence Contract Drilling Inc's competitors average revenue growth of 92.73 %, recorded in the same quarter.

List of ICD Competitors

Revenue Growth Comparisons

Net Income Comparison

Independence Contract Drilling, Inc. recorded net loss , as well as most of its competitors.

<<  More on ICD Income Comparisons

Independence Contract Drilling Inc's Comment on Competitors and Industry Peers

To a large degree, our business depends on the level of capital spending by oil and natural gas companies for exploration, development and production activities. A sustained increase or decrease in the price of oil and natural gas could have a material impact on the exploration, development and production activities of our customers and could materially affect our financial position, results of operations and cash flows.
The contract drilling industry is highly competitive and has become even more so under current market conditions. The price for contract drilling services is a key competitive factor in the U.S. land contract drilling markets, in part because equipment used in our businesses can be moved from one area to another in response to market conditions. In addition to price, we believe the principal competitive factors in our markets are availability and condition of equipment, quality of personnel, efficiency of equipment, service quality, experience and safety record.
Many of our competitors are larger, publicly-held corporations with significantly greater resources and longer operating histories than us. Our largest competitors for high-end AC land drilling contract services are Helmerich & Payne, Inc., Precision Drilling Corporation, Nabors Industries, Ltd. and Patterson-UTI Energy, Inc.

Many of our larger competitors are able to offer ancillary products and services with their contract drilling services, and recently, some of our larger competitors have begun integrating and offering contract drilling services in connection with directional drilling and other services that we do not offer.

<<  See the full list of ICD competitors

Competitiveness By Company's Divisions


Total Segment Market Share Q2 2018

Due to strong revenue growth of 21 % in Total Independence Contract Drilling, Inc. improved its market share, to approximate 0.58 %.

<<  More on ICD Market Share.
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ICD's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)

Independence Contract Drilling, Inc. ICD 179 100 -19 299
American Energy Group Ltd AEGG 5 0 -1 2
Atwood Oceanics Inc ATW 751 631 -19 938
Basic Energy Services Inc BAS 243 957 -35 4,100
Baker Hughes A Ge Co Llc BHI 0 23,449 85 62,000
Barnwell Industries Inc BRN 16 4 -1 29
Cameron International Corp CAM 0 0 0 28,000
Diamond Offshore Drilling, Inc. DO 2,669 1,327 -69 5,200
Dover Corp DOV 13,620 7,743 747 27,000
Energy & Technology Corp. ENGT 0 3 0 93
Eco-stim Energy Solutions, Inc. ESES 29 69 -45 230
Ensco Plc ESV 3,566 1,808 -526 8,500
Forbes Energy Services Ltd. FES 0 138 -97 843
Halliburton Company HAL 36,027 24,395 112 80,000
Nuverra Environmental Solutions, Inc. HEK 0 407 -37 791
Helmerich & Payne, Inc. HP 7,349 2,323 458 10,352
Klx Inc. KLXI 3,200 1,787 509 2,900
Loews Corp L 16,360 14,319 1,256 17,510
Layne Christensen Co LAYN 326 479 -2 3,380
Linn Energy, Inc. LINE 0 488 -966 1,500
Matson, Inc. MATX 1,668 2,129 248 1,056
Nabors Industries Ltd NBR 2,036 2,866 -601 29,000
Noble Corp Plc NE 1,749 1,089 -1,134 6,000
Nuverra Environmental Solutions, Inc. NES 118 127 -57 0
National Oilwell Varco Inc NOV 0 7,358 -83 63,642
Newpark Resources Inc NR 904 870 11 1,800
Oil States International, Inc OIS 1,879 887 -54 2,821
Pioneer Energy Services Corp. PES 265 543 -50 1,800
Parker Drilling Co PKD 30 463 -101 2,199
Patterson Uti Energy Inc PTEN 3,937 3,136 117 3,600
Rowan Companies Plc RDC 2,347 1,041 -98 4,051
Transocean Ltd. RIG 6,255 2,852 -2,864 0
Rignet, Inc. RNET 351 211 -20 503
Superior Drilling Products, Inc. SDPI 79 18 1 43
Schlumberger Limited SLB 85,940 30,090 1,289 120,000
Vantage Drilling International VDI 0 228 -145 930
Weatherford International Plc WFT 2,622 5,821 -2,686 30,000
SUBTOTAL 194,524 140,156 -4,877 521,112

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