United States

Profile: Dawson Geophysical Co (DWSN.O)

DWSN.O on Nasdaq

19 Jul 2019
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Dawson Geophysical Company, formerly TGC Industries, Inc., incorporated on March 28, 1980, is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. The Company operates through contract seismic data acquisition and processing services segment. The Company operates approximately 10 seismic crews, consisting of over eight crews in the United States and approximately two crews in Canada, and a seismic data processing center.

The Company's seismic crews supply seismic data to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Seismic acquisition services of its subsidiary, Eagle Canada, Inc. (Eagle Canada), are also used by the potash mining industry in Canada. Its clients rely on seismic data to identify areas where subsurface conditions are favorable for the accumulation of existing hydrocarbons, to optimize the development and production of hydrocarbon reservoirs, to delineate existing oil and natural gas fields and to augment reservoir management techniques. In addition to conventional 2-D and 3-D seismic surveys, the Company provides multi-component seismic data surveys. Multi-component surveys involve the recording of alternative seismic waves known as shear waves. It provides surface-recorded microseismic services.

The Company owns equipment for over 20 land-based seismic data acquisition crews, approximately 220 vibrator energy source units, over 248,000 recording channels and approximately 20 central recording systems. The recording systems it owns include over 10 Geospace Technologies GSR cable-less recording systems, approximately eight ARAM ARIES cable-based recording systems, a Wireless Seismic RT System 2 system and a cable-less INOVA Hawk system. Each crew consists of 40 to 100 technicians with associated vehicles, geophones, a seismic recording system, energy sources, cables and a range of other equipment. Each ARAM crew has a central recording vehicle, which captures seismic data. The GSR, GSX and INOVA Hawk crews utilize a recorder to manage the data acquisition while the individual system captures and holds the data until they are placed in the data transfer module. The data is then transferred to various data storage media, which are delivered to a data processing center selected by the client.

The Company competes with Tesla Exploration, Ltd., SAExploration Holdings, Inc., Geokinetics, Inc., Global Geophysical Services, Inc., Breckenridge Geophysical Inc., Paragon Geophysical Services, Inc. and LoneStar Geophysical Surveys.

Company Address

Dawson Geophysical Co

508 W Wall St Ste 800
MIDLAND   TX   79701-5034
P: +1432.6843000
F: +1432.6843030

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