Profile: Dawson Geophysical Co (DWSN.OQ)

DWSN.OQ on NASDAQ Stock Exchange Global Select Market

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Dawson Geophysical Company is a provider of onshore seismic data acquisition and processing services in the lower 48 states of the United States. The Company acquires and processes two dimensional (2-D), three dimensional (3-D) and multi-component seismic data for it’s clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. As of September 30, 2011, the Company operated 14 3-D seismic data acquisition crews in the lower 48 states of the United States and a seismic data processing center. It performs data processing in the Company's Midland, Houston and Oklahoma City offices, and field operations from Midland. The Company does not acquire seismic data for its own account nor does it participate in oil and gas ventures. The Company operates in contract seismic data acquisition and processing services segment.

Geophysical Services

The Company’s business consists of the acquisition and processing of seismic data to produce an image of the earth’s subsurface. In the Company’s operations, it introduced acoustic energy into the ground by using an acoustic energy source, usually vibrating machines or through the detonation of dynamite. The Company then records the subsequent reflected energy or echoes with recording devices placed along the earth’s surface. As of the fiscal year ended September 30, 2011 (fiscal 2011), the Company purchased and leased a number of cable-less recording channels.

Data Acquisition

The seismic survey begins at the time a client requests that the Company formulates a proposal to acquire seismic data on its behalf. Geophysicists then assist the client in designing the specifications of the proposed 3-D survey. As of the fiscal 2011, the Company owned 157 vibrator energy source units and over 161,000 recording channels. It also owns 18 central recording systems.

Data Processing

The Company operates a computer center located in Midland, Texas and provides additional processing services through its Houston and Oklahoma City offices. Data processing primarily involves the enhancement of seismic data by improving reflected signal resolution, removing ambient noise and establishing proper spatial relationships of geological features. The Company purchases, develops or leases seismic data processing software under non-exclusive licensing arrangements. The Company’s computer center processes seismic data collected by the Company's crews, as well as by other geophysical contractors.

Integrated Services

The Company maintains integrated in-house operations necessary to the development and completion of seismic surveys. It conducts or supervises the seismic survey design, permitting, surveying, data acquisition and processing functions for each seismic program. In-house support operations include health, safety, security and environmental programs as well as facilities for vehicle repair, vehicle paint and body repair, electronics repair, electrical engineering and software development. In addition, the Company maintains a fleet of tractor trailers to transport the Company's seismic acquisition equipment to the Company’s survey sites.

The Company competes with CGG Veritas, Geokinetics Inc., Global Geophysical Services, Tidelands Geophysical Company and TESLA Exploration.

Company Address

Dawson Geophysical Co

Suite 800, 508 West Wall
MIDLAND   TX   79701
P: +1432.6843000
F: +1432.6843030

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