Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lime Rock Partners III, L.P.
2. Date of Event Requiring Statement (Month/Day/Year)
08/07/2014
3. Issuer Name and Ticker or Trading Symbol
Independence Contract Drilling, Inc. [ICD]
(Last)
(First)
(Middle)
274 RIVERSIDE AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

WESTPORT, CT 06880
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 549,500
D
 
Common Stock 1,570,000
I
By Global Energy Services Operating, LLC (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant (right to buy) 03/02/2012 03/02/2015 Common Stock 2,198,000 (2) $ 12.74 I By Global Energy Services Operating, LLC (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lime Rock Partners III, L.P.
274 RIVERSIDE AVENUE
WESTPORT, CT 06880
    X    
Global Energy Services Operating, LLC
11616 NORTH GALAYDA STREET
HOUSTON, TX 77086
    X    

Signatures

/s/ J. Will Franklin, as Authorized Person for Lime Rock Partners III, L.P. 08/07/2014
**Signature of Reporting Person Date

/s/ Paul DeWeese., for Global Energy Services Operating, LLC 08/07/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Global Energy Services Operating, LLC directly owns common stock of the Issuer. GES Global Energy Services, Inc. directly owns 100% of the equity interests of Global Energy Services Operating, LLC. IDM Group, Ltd. directly owns 100% of the equity interests of GES Global Energy Services, Inc. and indirectly owns 100% of the equity interests of Global Energy Services Operating, LLC. Lime Rock Partners III, L.P. owns a majority of the equity interests in IDM Group, Ltd. This report shall not be deemed an admission that GES Global Energy Services, Inc., IDM Group, Ltd. or Lime Rock Partners III, L.P. is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purposes.
(2) Reflects warrants that are held directly by Global Energy Services Operating, LLC.

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