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Independence Contract Drilling, Inc.  (ICD)
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Independence Contract Drilling Inc's



ICD Sales vs. its Competitors Q4 2018

Comparing the results to its competitors, Independence Contract Drilling Inc reported Total Revenue increase in the 4 quarter 2018 by 150.74 % year on year, while most of its competitors have experienced contraction in revenues by -4.63 %, recorded in the same quarter.

List of ICD Competitors

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Net Income Comparison

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

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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.


Total Segment Market Share Q4 2018

Due to outstanding performance in Total segment, revenue grew by 150.74 % Independence Contract Drilling, Inc. improved its market share, to approximate 1.92 %.

<<  More on ICD Market Share.

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.

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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 207 143 -20 299
American Energy Group Ltd AEGG 2 0 -1 2
Atwood Oceanics Inc ATW 606 1,866 161 938
Basic Energy Services Inc BAS 187 1,263 -36 4,100
Baker Hughes Inc BHI 25,662 38,868 1,103 62,000
Barnwell Industries Inc BRN 13 25 -7 29
Cameron International Corp CAM 0 9,838 724 28,000
Diamond Offshore Drilling Inc DO 1,428 5,114 549 5,200
Dover Corp DOV 15,671 8,730 1,003 27,000
Energy & Technology Corp. ENGT 0 3 0 93
Eco-stim Energy Solutions, Inc. ESES 1 71 -74 230
Ensco Plc ESV 1,837 1,705 -637 8,500
Forbes Energy Services Ltd. FES 0 151 -94 843
Halliburton Company HAL 24,564 51,165 2,135 80,000
Nuverra Environmental Solutions, Inc. HEK 0 407 -37 791
Helmerich & Payne Inc HP 5,915 3,432 750 10,352
Klx Inc. KLXI 3,212 1,787 509 2,900
Loews Corp L 18,370 15,053 1,069 17,510
Layne Christensen Co LAYN 326 479 -2 3,380
Linn Energy, Llc LINE 0 2,332 -691 1,500
Matson, Inc. MATX 1,517 2,223 109 1,056
Nabors Industries Ltd NBR 1,222 3,058 -613 29,000
Noble Corp Plc NE 730 1,083 -1,131 6,000
Nuverra Environmental Solutions, Inc. NES 111 197 -59 0
National Oilwell Varco Inc NOV 11,398 39,464 2,328 63,642
Newpark Resources Inc NR 828 947 32 1,800
Oil States International, Inc OIS 821 2,670 423 2,821
Pioneer Energy Services Corp. PES 119 1,190 -36 1,800
Parker Drilling Co PKD 4 481 -166 2,199
Patterson Uti Energy Inc PTEN 1,922 2,032 137 3,600
Rowan Companies Plc RDC 1,467 825 -347 4,051
Transocean Ltd. RIG 3,227 9,484 1,403 0
Rignet, Inc. RNET 214 211 -62 503
Superior Drilling Products, Inc. SDPI 33 18 0 43
Schlumberger Limited SLB 59,118 31,700 1,663 120,000
Vantage Drilling International VDI 0 228 -138 930
Weatherford International Plc WFT 748 5,744 -2,791 30,000
SUBTOTAL 181,481 243,987 7,158 521,112


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