Published: March 28, 2023 |

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Dawson Geophysical Company has entered into an asset purchase agreement with Wilks Brothers and Breckenridge Geophysical, to which the company purchased substantially all of the Breckenridge assets related to seismic data acquisition services other than its multi-client data library.

The transaction is effective immediately and Dawson extended offers of employment to relevant employees of Breckenridge to continue supporting the acquired assets and business. The parties plan to begin integration of the acquired assets and business into Dawson’s operations as soon as possible.

“We are excited to welcome all the Breckenridge employees to the Dawson team. They bring with them needed years of operational experience at all levels as well as long-standing customer relationships,” said Stephen Jumper, CEO and president of Dawson Geophysical.

“This transaction increases our channel and vibrator energy source capacity with the addition of like equipment allowing for improved operational efficiencies. The combination will provide flexibility in executing existing projects from both companies and provide meaningful operational and cost synergies,” added Jumper.

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.

To stop by Dawson’s website, CLICK HERE

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