MIDLAND, Texas, Nov. 2, 2021 /PRNewswire/ -- Dawson Geophysical
Company (NASDAQ: DWSN) announced today that it plans to publicly
release preliminary and unaudited financial results for the quarter
ended September 30, 2021, the
Company's third quarter of 2021, before the market opens on
Thursday, November 4, 2021, and also
provide further information on the pending tender offer by Wilks
Brothers, LLC (the "Wilks Transaction"). An investor conference
call to review the third quarter results and discuss the pending
Wilks Transaction will be held on Thursday,
November 4, 2021, at 9:00 a.m.
Central Time.
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Date:
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Thursday, November 4,
2021
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Time:
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10:00 AM
ET
9:00 AM
CT
8:00 AM
MT
7:00 AM
PT
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Call:
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1-866-548-4713
(US/Canada) and 1-323-794-2093 (Toll/International)
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Internet:
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Live and rebroadcast
over the internet, log onto http://www.dawson3d.com
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Replay:
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Available until
Saturday, December 4, 2021, at 1-844-512-2921 (Toll-Free) and
1-412-317-6671
(Toll/International), Passcode 9603033, and available until
December 4, 2021 on the Company's web
site at http://www.dawson3d.com
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About Dawson Geophysical Company
Dawson Geophysical Company is a leading provider of North
American onshore seismic data acquisition services with operations
throughout the continental United
States and Canada. Dawson
acquires and processes 2-D, 3-D and multi-component seismic data
solely for its clients, ranging from major oil and gas companies to
independent oil and gas operators, as well as providers of
multi-client data libraries.
Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, the 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 materially affect the Company's actual
results of operations. Such forward-looking statements are based on
the beliefs of management as well as assumptions made by and
information currently available to management. Actual results could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors. These risks include, but
are not limited to, dependence upon energy industry spending;
changes in exploration and production spending by our customers and
changes in the level of oil and natural gas exploration and
development; the results of operations and financial condition of
our customers, particularly during extended periods of low prices
for crude oil and natural gas; the volatility of oil and natural
gas prices; changes in economic conditions; the severity and
duration of the COVID-19 pandemic, related economic repercussions
and the resulting negative impact on demand for oil and gas;
surpluses in the supply of oil and the ability of OPEC+ to agree on
and comply with supply limitations; the duration and magnitude of
the unprecedented disruption in the oil and gas industry currently
resulting from the impact of the foregoing factors, which is
negatively impacting our business; the potential for contract
delays; reductions or cancellations of service contracts; limited
number of customers; credit risk related to our customers; reduced
utilization; high fixed costs of operations and high capital
requirements; operational challenges relating to the COVID-19
pandemic and efforts to mitigate the spread of the virus, including
logistical challenges, protecting the health and well-being of our
employees and remote work arrangements; industry competition;
external factors affecting the Company's crews such as weather
interruptions and inability to obtain land access rights of way;
whether the Company enters into turnkey or day rate contracts; crew
productivity; the availability of capital resources; disruptions in
the global economy; and whether or not the pending Wilks
Transaction will be completed. A discussion of these and other
factors, including risks and uncertainties, is set forth in the
Company's Annual Report on Form 10-K that was filed with the
U.S. Securities and Exchange Commission (the "SEC") on
March 16, 2021 and any subsequent Quarterly Reports on Form
10-Q filed with the SEC. The Company disclaims any intention or
obligation to revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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SOURCE Dawson Geophysical Company