PR Newswire
HOUSTON, Jan. 4, 2017
HOUSTON, Jan. 4, 2017 /PRNewswire/ -- Independence Contract
Drilling, Inc. (the "Company") (NYSE: ICD) announced today the election of James Crandell to its
Board of Directors as an independent director.
Byron Dunn, the Company's President and Chief Executive Officer, remarked, "We are excited and
delighted to welcome Jim to our Board as an independent director. Jim brings a vast amount of experience and perspective to
our Board having spent more than 30 years as a Wall Street analyst focusing on oilfield services and equipment."
Mr. Crandell's distinguished career includes serving as Managing Director of Cowen and Company from 2013 until 2016, and as
Managing Director of Dahlman Rose from 2011 until its acquisition by Cowen and Company in 2013.
Prior to that he served as Managing Director at Barclays Capital plc from 2008 until 2011, and as Managing Director for Lehman
Brothers starting in 1999 until its acquisition by Barclays Capital in 2008. From 1981 until 1998, Mr. Crandell held various
posts at Salomon Brothers, including managing director, senior oil services analyst, director of U.S. equity research, and global
coordinator of equity research.
About Independence Contract Drilling, Inc.
Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United
States. The Company constructs, owns and operates a fleet of pad optimal ShaleDriller® rigs that are specifically engineered
and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically
impactful oil and gas properties. For more information, visit www.icdrilling.com.
Investor Contacts:
Investor Relations:
Investor.relations@icdrilling.com
(281) 598-1211
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SOURCE Independence Contract Drilling, Inc.