Dawson Geophysical Announces Planned Expansion
04 Juin 2004 - 12:43AM
PR Newswire (US)
Dawson Geophysical Announces Planned Expansion MIDLAND, Texas, June
3 /PRNewswire-FirstCall/ -- The following was released by Dawson
Geophysical Company (NASDAQ:DWSN): Dawson Geophysical Company today
announced its intention to field an additional seismic data
acquisition crew in response to continuing demand for its high
resolution surveys. This expansion will bring the crew complement
to eight. Improved market conditions are a direct result of more
favorable prices for crude oil and natural gas obtained by the
Company's client base. Founded in 1952, Dawson Geophysical Company
acquires and processes 2-D, 3-D and multi-component seismic data
used in analyzing subsurface geologic conditions for the potential
of oil and natural gas accumulation. Dawson's clients -- major and
intermediate-sized oil and gas companies and independent oil
operators -- retain exclusive rights to the information obtained.
The Company operates highly mobile, land-based acquisition crews
throughout the lower 48 states. Data processing is performed by
geophysicists at Dawson's computer center in the Midland, Texas
headquarters. The Company also provides data processing services
through the Houston, Texas office. In accordance with the Safe
Harbor provisions of the Private Securities Litigation Reform Act
of 1995, Dawson Geophysical Company cautions that statements in
this press release which are forward-looking and which provide
other than historical information involve risks and uncertainties
that may impact the Company's actual results of operations. Please
see the Company's Form 10-K for the fiscal year ended September 30,
2003 for a more complete discussion of such risk factors.
DATASOURCE: Dawson Geophysical Company CONTACT: L. Decker Dawson or
Christina Hagan, both of Dawson Geophysical Company,
+1-432-684-3000 Web site: http://www.dawson3d.com/
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