💥New Chapter 11 BK - Independence Contract Drilling Inc.💥

Macro headwinds edge drilling services company into chapter 11

On December 2, 2024, Houston-based Independence Contract Drilling Inc. and Sidewinder Drilling LLC (together, the "debtors") filed prepackaged chapter 11 bankruptcy cases in the Southern District of Texas (Judge Perez).

The debtors provide land-based contract drilling services for oil and gas producers in the US. The first day declaration from CEO, Antho…