The stock of Dawson Geophysical Co (DWSN, Financial) experienced a sharp decline of 6.79%, currently priced at $1.49 per share with a trading volume of 17,393 shares and a turnover rate of 0.06%. Its latest financial report indicates a revenue of $12.51 million and a net loss of $3.55 million, translating to an earnings per share (EPS) of -$0.12 and a gross profit loss of $1.58 million.
| Energy Equipment & Services Industry | Energy Sector | Anthony Clark CEO | NASDAQ (NGS) Exchange | 239360100 CUSIP |
| US Country | 233 Employees | 6 May 2024 Last Dividend | 11 May 2018 Last Split | 26 Mar 1990 IPO Date |
Dawson Geophysical Company, a subsidiary of Wilks Brothers, LLC, specializes in onshore seismic data acquisition and processing services across the United States and Canada. Founded in 1952 and based in Midland, Texas, the company primarily serves oil and gas companies, independent oil and gas operators, multi-client data library providers, and projects focused on carbon capture sequestration. With a long-standing reputation in the industry, Dawson Geophysical is known for its comprehensive seismic data solutions that cater to a wide range of clients engaged in the exploration and development of natural resources, including the potash mining industry.
Dawson Geophysical acquires and processes two-dimensional (2-D) seismic data, offering detailed subsurface images that are crucial for the initial stages of geological exploration. This service provides valuable insights into the earth’s structure, aiding in the identification of potential hydrocarbon reservoirs.
The company also specializes in three-dimensional (3-D) seismic data acquisition and processing, providing more comprehensive and detailed images of subsurface geologies. This technology significantly enhances oil and gas exploration and development projects by offering a clearer understanding of the reservoir’s characteristics.
Dawson Geophysical’s multi-component seismic data services allow for the acquisition and processing of seismic waves' different modes. This advanced technique provides a deeper understanding of subsurface geology, assisting clients in making more informed decisions regarding drilling and production.
In response to the growing demand for sustainable energy solutions, Dawson Geophysical offers seismic data services tailored to carbon capture and sequestration (CCS) projects. By providing detailed subsurface models, the company supports efforts in safely and efficiently capturing and storing carbon dioxide, thereby contributing to environmental sustainability.
Apart from its oil and gas services, Dawson Geophysical extends its seismic data acquisition and processing expertise to the potash mining industry. This service supports the exploration and development of potash deposits by offering precise imaging of the mineral’s subsurface deposits, enabling more efficient mining operations.