Dawson Geophysical Plans Additional Expansion
24 Août 2004 - 12:49AM
PR Newswire (US)
Dawson Geophysical Plans Additional Expansion MIDLAND, Texas, Aug.
23 /PRNewswire-FirstCall/ -- The following was released by Dawson
Geophysical Company (NASDAQ:DWSN): Dawson Geophysical Company today
announced its intention to field its ninth high resolution seismic
data acquisition crew in early September, 2004. The Company's
eighth crew, planning for which was announced on June 3, 2004, was
deployed July 12, 2004. The Company is responding to increased
client requirements emanating from increased prices received for
crude oil and natural gas. 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 its 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 W. Hagan, both of
Dawson Geophysical Company, +1-432-684-3000 Web site:
http://www.dawson3d.com/
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