Independence Contract Drilling, Inc.
Customers
5
1 disclosed
Suppliers
0
None disclosed
Largest customer
23%
FANG · FY to 2023-12-31
Named-customer revenue
$48.3M
1 customer · FY to 2023-12-31
Latest period
Dec 31, 2023
10-K filed 2024-02-28
Customers 5
Companies Independence Contract Drilling, Inc. discloses as major customers, as a share of Independence Contract Drilling, Inc. revenue. 1 active, 4 lapsed.
| Company | % of Independence Contract Drilling, Inc. revenue | Est. revenue | Period | Trend | Status | Source |
|---|---|---|---|---|---|---|
| FANG Diamondback Energy, Inc. |
23% | $48.3M | FY 2023-12-31 | +10.0pp | Active | 10-K 2024-02-28 |
For 2023, this customer included Endeavor Energy Resources (23%). For 2022, these customers included Paloma Natural Gas, LLC (20%), Endeavor Energy Resources (13%), and Diamondback Energy, Inc. (12%). During 2022, our customers representing more than 10% of our revenues were Paloma Natural Gas, LLC, Endeavor Energy Resources and Diamondback Energy, Inc. For 2020, these customers included Diamondback Energy, Inc. (16%), BPX Operating Company (15%), GeoSouthern Energy Corporation (12%) and Indigo Minerals, LLC (12%). For 2019, these customers included Diamondback Energy, Inc. (17%), GeoSouthern Energy Corporation (15%) and COG Operating, LLC, a subsidiary of Concho Resources, Inc. (14%).Our trade receivables are with a variety of E&P and other oilfield service companies. For 2019, these customers included Diamondback Energy, Inc. (17%), GeoSouthern Energy Corporation (15%) and COG Operating, LLC, a subsidiary of Concho Resources, Inc. (14%). | ||||||
| BPX Operating Company Non-SEC BPX Operating Company |
15% | $12.5M | FY 2020-12-31 | Lapsed Last seen 2020-12-31 |
10-K 2022-03-15 | |
For 2020, these customers included Diamondback Energy, Inc. (16%), BPX Operating Company (15%), GeoSouthern Energy Corporation (12%) and Indigo Minerals, LLC (12%). | ||||||
| CONCHO RESOURCES INC CONCHO RESOURCES INC |
14% | $28.5M | FY 2019-12-31 | −8.0pp | Lapsed Last seen 2019-12-31 |
10-K 2022-03-15 |
For 2019, these customers included Diamondback Energy, Inc. (17%), GeoSouthern Energy Corporation (15%) and COG Operating, LLC, a subsidiary of Concho Resources, Inc. (14%).Our trade receivables are with a variety of E&P and other oilfield service companies. For 2018, these customers included GeoSouthern Energy Corporation (23%) and COG Operating, LLC, a subsidiary of Concho Resources, Inc. (22%). | ||||||
| GeoSouthern Energy Corporation Non-SEC GeoSouthern Energy Corporation |
12% | $10.0M | FY 2020-12-31 | −3.0pp | Lapsed Last seen 2020-12-31 |
10-K 2022-03-15 |
For 2020, these customers included Diamondback Energy, Inc. (16%), BPX Operating Company (15%), GeoSouthern Energy Corporation (12%) and Indigo Minerals, LLC (12%). For 2018, these customers included GeoSouthern Energy Corporation (23%) and COG Operating, LLC, a subsidiary of Concho Resources, Inc. (22%). | ||||||
| Bayswater Operating Company, LLC Non-SEC Bayswater Operating Company, LLC |
Named | — | FY 2021-12-31 | — | Lapsed Last seen 2021-12-31 |
10-K 2023-03-06 |
As of December 31, 2021, Indigo Minerals, LLC, a subsidiary of Southwestern Energy Company (23%), Endeavor Energy Resources (21%) and Bayswater Operating Company, LLC (12%) accounted for 10% or more of our accounts receivable. | ||||||
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