Union Drilling Inc
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Sidewinder Drilling, based in Midland, TX, has recently merged with Independence Contract Drilling, resulting in a significant expansion of their pad-optimal rig fleet to 34 rigs. Led by Anthony Gallegos, the combined company aims to focus on North America's most prolific oil and gas plays, leveraging their increased operational and financial scale for growth and attractive investment returns.
The merger between Sidewinder Drilling and Independence Contract Drilling brings together two management teams and fleets, aligning with ICD's strategic direction as a pure play, pad-optimal growth company. With a strong emphasis on organic opportunities within the acquired Sidewinder fleet, the combined company is poised to exceed synergy expectations and achieve long-term success in the oil and gas industry.
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