HOUSTON, May 13, 2016 /PRNewswire/ -- Sidewinder Drilling Inc. (the "Company") announced May 13, 2016 it will hold a conference call with bond investors on Wednesday, May 18, 2016 at 11:30 AM (Eastern Time) to discuss First Quarter 2016 financial results. Call-in details will be provided via email to Sidewinder's existing bond holders. For those bond holders who are in need of the details and have not received them, please call the Company. The Company also sent funds on May 13 to the Trustee for the Senior Notes for the payment of the semi-annual interest payment, due May 15.
Sidewinder was formed in 2011 by the Company's management team and Avista Capital Holdings LP to build, own and operate premium land drilling rigs and to provide contract drilling services to exploration and production ("E&P") companies targeting unconventional resource plays in North America. Through acquisitions and construction of rigs, Sidewinder is building a contract land drilling company with a large scale, high quality asset base focused on delivering high performance drilling services required by operators seeking to efficiently and safely develop unconventional oil and gas resources.
Sidewinder's long-term strategy is to capitalize on the activity in unconventional resource plays by expanding the Company's existing customer base and by operating in all phases of field development, from exploration and delineation drilling to full-scale commercial development. Sidewinder is dedicated to growth and stability and, therefore, intends to selectively expand its drilling fleet of premium rigs through rig upgrades, new construction and strategic acquisitions while strengthening its balance sheet and maintaining access to capital.
Jon Cole, CEO
Anthony Gallegos, President & CFO
Telephone: (832) 320 7600
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SOURCE Sidewinder Drilling Inc.