Sidewinder Drilling Agrees with Avista Capital Partners to Receive up to $125M

Sidewinder Drilling Inc., a Houston, TX-based land drilling company, has signed an agreement with Avista Capital Partners to receive an equity commitment of up to $125m.

The company intends to use the proceeds of the capital, along with investments from the management and friends and family, to build a fleet of land drilling rigs targeting the unconventional oil & gas resource plays throughout the United States.

Founded in 2011 and led by CEO Jon C. Cole, Sidewinder is a drilling contractor which will own and operate a fleet of land rigs, which will be configured to minimize non-productive time and through the use of modern, efficient drilling and mud processing equipment.



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