Independence Contract Drilling Inc recorded an increase in cost of sales by 7.93 % year on year, relative to one quarter ago cost of sales fell by -5.9 % in Q3.
Independence Contract Drilling Inc recorded increase in cost of sales by 7.93 % year on year, compare to one quarter ago cost of sales fell by -5.9 % in Q3.
Independence Contract Drilling Inc's Comment on Supply Chain
The company sources drilling equipment and services from various suppliers, including manufacturers and independent subcontractors, for key components such as masts and substructures, top drives, high pressure mud pumps, pressure control equipment, engines, and VFD control systems. Although these suppliers and components have historically been accessible, continued availability on favorable terms is not guaranteed. The company maintains that it has alternative sources for each key component.
Independence Contract Drilling Inc's Comment on Supply Chain
The company sources drilling equipment and services from various suppliers, including manufacturers and independent subcontractors, for key components such as masts and substructures, top drives, high pressure mud pumps, pressure control equipment, engines, and VFD control systems. Although these suppliers and components have historically been accessible, continued availability on favorable terms is not guaranteed. The company maintains that it has alternative sources for each key component.
Sources:
Independence Contract Drilling inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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