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Related Parties
3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Related Parties
Related Parties
During 2011, we entered into an asset contribution and share subscription agreement that involved our acquiring certain assets and liabilities from GES and Independence Contract Drilling LLC. One of our directors, was a director of the ultimate parent company of GES as of March 31, 2016, and one of our directors was a director of the ultimate parent company of GES through May 31, 2015. The director who continues to serve as a director of the ultimate parent company of GES is also the director of a fund that owned approximately 36% of the ultimate parent company of GES as of March 31, 2016.
We purchased certain items used in the construction of our drilling rigs from a former affiliate of GES. This vendor was sold by GES to a third party during the second quarter of 2015. As a related party, total purchases from the vendor amounted to $0.4 million during the three months ended March 31, 2015. We did not have any related party outstanding payables with this vendor as of March 31, 2016 or December 31, 2015.
One of our directors is also a director of one of our vendors from which we purchase oilfield and related supplies. Total purchases from this vendor were $1.3 million and $0.4 million during the three months ended March 31, 2016 and 2015, respectively. We had outstanding payables of $0.6 million and $0.1 million as of March 31, 2016 and December 31, 2015, respectively.
During 2015, the son of an executive officer and director of the Company began working in a sales capacity at, and became a minority owner of, a vendor from which we purchase oilfield equipment and related supplies. Total purchases from this vendor during the first quarter of 2016 were $5.4 thousand and we had outstanding payables of $4.0 thousand and $0.1 million as of March 31, 2016 and December 31, 2015, respectively. We did not do any business with this company in the first quarter of 2015.