BNET Industries

Market Cap:$173.2M
Last Fiscal Year Sales:$324.9M
  • Public
  • US
Dow Jones Description

We are the leading provider of onshore seismic data acquisition services in the lower 48 states of the United States as measured by the number of active data acquisition crews. Substantially all of our revenues are derived from the seismic data acquisition services we provide to our clients, mainly domestic oil and natural gas companies. Demand for our services depends upon the level of spending by these companies for exploration, production, development and field management activities, which depends, in part, on oil and natural gas prices. Significant fluctuations in domestic oil and natural gas exploration activities and commodity prices have affected the demand for our services and our results of operations in years past and such fluctuations continue today to be the single most important factor affecting our business and results of operations. In the past few years, substantially all of our clients have been focused on the exploration for and production of natural gas. However, in recent months an increasing number of our clients have been focused on oil exploration due to strong oil prices. Our return to profitability in fiscal 2004 after several years of losses was directly related to an increase in the level of exploration for domestic oil and natural gas reserves by the petroleum industry since 2003. The increased level of exploration was a function of higher prices for oil and natural gas. ...

President, Chief Executive Officer and Director
Stephen C. Jumper
Number of Employees 1,436
Contact Information

508 W Wall St Ste 800

Midland, Texas 79701-5034

dawson3d.com

(432) 684-3000

NAICS Code Support Activities for Oil and Gas Operations: 213112

Recent Events

  • OYO Geospace wins Dawson Geophysical contract

    11/10/09 - Joint Venture / Alliance - View Story

  • Dawson Geophysical Reports Year End and Fourth Quarter Results

    11/16/09 - Financial Announcement - View Story

  • Dawson Shareholders, Now's the Time to Hold On

    9/10/09 - Financial Announcement - View Story

  • Dawson Geophysical Slips To Loss In Q3 - Update

    8/05/09 - Financial Announcement - View Story

News & Analysis

dawson geophysical co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Stephen C. Jumper President, Chief Executive Officer and Director
C. Ray Tobias Executive Vice President, Chief Operating Officer
Christina W. Hagan Executive Vice President, Secretary and Chief Financial Officer
J. W. Thomas Vice President & Chief Geophysicist
James W Thomas Vice President, Chief Geophysicist
Howell Pardue Executive Vice President Data Processing
A. Mark Nelson Vice President, HSSE
Dave Wisniewski Vice President
Forsdick Kermit Vice President
George E McDonald Vice President
Kermit Forsdick Vice President
Mark Nelson Vice President
Mark Pruitt Vice President Marketing
Sam Dobbs Vice President Data Processing
Stuart A. Wright Vice President, Applied Geophysics
Robert C Chandler Director Engineering & Technical Support
Andy Keyes Field Operations Manager
Bret Schafer Regional Manager
Brian Freindenbloom Project Manager
Carey Scott Field Operations Manager
Don Davidson Permit Manager
Greg Dearsley Project Manager
Gregory A Yund Regional Operations Manager
Joe Broussard Regional Manager
Matthew Leist Regional Manager
Olga Smoot Human Resources Manager
Melody Y Crowl Treasurer & Controller
Debbie McCown Marketing Representative
Garry Hurst Operations Supervisor
Harold Cuddie Senior Staff Geophysicist
Kevin Werth Area Geophysicist
Mick Hillman Equipment Supervisor
Sammy Barnhill Design Geophysicist
Scott Wallace
Stephanie Smith Marketing Representative
Tony Lindholm Survey Supervisor

Board of Directors

Name (plus bio) Position
L. Decker Dawson Chairman of the Board
Gary M. Hoover Board of Directors
Jack D. Ladd Board of Directors
Paul H. Brown Board of Directors
Ted R. North Board of Directors
Tim C. Thompson Board of Directors

Mr. Jumper joined Dawson Geophysical Company in January of 1985 as a geophysicist. He graduated from the University of Texas at Austin in December of 1984 with a Bachelor of Science degree in Geological Sciences, Geophysics option. Jumper began his career with Dawson as a seismic data processor. During his tenure with Dawson, Mr. Jumper has served the company as Technical Services Manager with an emphasis on 3-D seismic processing, Vice President of Technical Services, and currently President. He was elected President, Chief Operating Officer, and Director of the Company in January, 2001. Jumper currently serves as President, Chief Executive Officer, and Director. Mr. Jumper’s professional affiliations include memberships with the Society of Exploration Geophysicists, Permian Basin Geophysical Society, the American Association of Petroleum Geologists, European Association of Geoscientists and Engineers, and the West Texas Geological Society. He served the Permian Basin Geophysical Society as Second Vice President, First Vice President, and President from 1991 – 1994. He has made several technical presentations to various local and national professional societies meetings and co-authored a 3-D case study paper published in a joint SEG/AAPG publication. Jumper currently serves on the University of Texas at Austin Jackson School of Geosciences Advisory Counsel.

Organization Position Status
Dawson Geophysical Company President, Chief Executive Officer and Director Current
Dawson Geophysical Company Seismic Data Processor Current
Dawson Geophysical Company Board of Directors Current
Dawson Geophysical Company Manager of Technical Services Former
The University of Texas at Austin Bachelor of Science Degree In Geological Sciences Former

Mr. Tobias joined the Company in 1990, and was elected Vice President in September 1997 and Executive Vice President and Director in January 2001. In January 2006, Mr. Tobias was elected Executive Vice President and Chief Operating Officer. Mr. Tobias supervises client relationships and survey cost quotations to clients. He has served on the Board of Directors of the International Association of Geophysical Contractors and is Past President of the Permian Basin Geophysical Society. Prior to joining the Company, Mr. Tobias was employed by Geo-Search Corporation where he was an operations supervisor.

Organization Position Status
Dawson Geophysical Company Executive Vice President, Chief Operating Officer Current
Dawson Geophysical Company Executive Vice President and Director Former
Geosearch Former

Mrs. Hagan joined the Company in 1988, and was elected Chief Financial Officer and Vice President in 1997 and Senior Vice President and Secretary in January 2003. In January 2004, Mrs. Hagan was elected as Executive Vice President. Prior thereto, Mrs. Hagan served the Company as Controller and Treasurer. Mrs. Hagan is a certified public accountant.

Organization Position Status
Dawson Geophysical Company Executive Vice President, Secretary and Chief Financial Officer Current
Dawson Geophysical Company Board of Directors Current
Dawson Geophysical Company Controller and Treasurer Former

Organization Position Status
Dawson Geophysical Company Vice President & Chief Geophysicist Current
Dawson Geophysical Company Vice President Former

Mr. Thomas received a BS (1976) and MS (1980) in Physics from Pittsburg State University. From 1976 to 1981 he taught secondary school math and science and served as a varsity football/track coach. From 1981-2002 he worked for Phillips Petroleum, joining Dawson Geophysical in the fall of 2002. He has over twenty-five years of exploration experience in the energy industry with thirteen years of actual field experience with 2-D and 3-D production and research seismic crews. He is a recognized leader in the geophysical sector for the innovation and application of 3-D seismic acquisition and specialized processing techniques. His current interests are concentrated in the development and application of seismic technology for Dawson Geophysical Company. Tom holds four patents in the field of seismic data acquisition and processing and has published his concepts and methods in geophysical literature. He is a member of the Society of Exploration Geophysicists, the Geophysical Society of Oklahoma City, the Tulsa Geophysical Society, Permian Basin Geophysical Society, and Sigma Pi Sigma (Physics Honor Society).

Organization Position Status
Dawson Geophysical Company Vice President, Chief Geophysicist Current
Society of Exploration Geophysicists Board of Directors Current
Dawson Geophysical Company Board of Directors Current
Sigma Pi Sigma Board of Directors Current
Pittsburg State University MS Former
Pittsburg State University BS Former

Mr. Pardue spent the first four years of his career in the meteorological section of the United States Air Force. After his discharge from the Air Force in 1959, Mr. Pardue joined the Robert H. Ray Geophysical Company in its Midland, Texas analog processing center. He held several positions with Ray Geophysical, among them analog and digital processing data center manager. In 1976, he left Petty-Ray Geophysical to join Dawson Geophysical as data processing manager, a position that he still holds. He served as a Vice President of Dawson from 1977 to 1997, as a member of the Board of Directors of Dawson from 1977 thru 2005, and was elected Executive Vice President of Dawson Geophysical Company in 1998. Howell W. (Hal) Pardue has been an active member of the SEG since 1976. He served as Section Representative on the SEG Council for ten years. He also has been the Permian Basin Geophysical Society's representative to the SEG Membership Committee from 1986 to 2000, and chaired the SEG Membership Committee in 1999 and 2000. He co-authored and presented several technical papers during the last fifteen years, one of which was published in the AAPG-SEG 3D Atlas. Hal has been a member of the Permian Basin Geophysical Society since 1960 and has served as Second Vice President (1987), First Vice President (1988), President (1989), and Chairman of the Membership Committee 1986-1996.

Organization Position Status
Dawson Geophysical Company Executive Vice President Data Processing Current
Dawson Geophysical Company Vice President of Data Processing and Director Current
Data Processing Vice President Former

Mr. Nelson joined the Company in 1993 and was elected Vice President in January of 2004. From Nov. 1993 to Jan. 2004 Mr. Nelson served as Health, Safety and Environmental Manager. Mr. Nelson is a degreed Biologist, has a Masters Degree in Environmental Science and is a Registered Environmental Professional. He has also served as the HSE Chairman of the International Association of Geophysical Contractors. Mr. Nelson has over 20 years in the seismic industry.

Organization Position Status
Dawson Geophysical Company Vice President, HSSE Current

Mr. Wisniewski has been in the seismic oil & gas industry for over 30 years. Prior to joining the Company, Mr. Wisniewski worked both domestically and abroad in various countries. Mr. Wisniewski started his career in the Electronic / Technical area and has been working in the Management level for the last 15 years. He joined the Company in 2004 and became Vice President in October 2008. Mr. Wisniewski is a member of the SEG and the PBGS.

Organization Position Status
Dawson Geophysical Company Vice President Current
Pbgs Company Board of Directors Current
Dawson Geophysical Company Project Manager Former

Organization Position Status
Dawson Geophysical Company Vice President Current

Mr. McDonald joined the Company in 1972, and was elected Vice President in September 2006. Prior to election as Vice President, Mr. McDonald served as instrument operator, crew manager and field supervisor for the Company.

Organization Position Status
Dawson Geophysical Company Vice President Current

Mr. Forsdick joined the Company in 1993 and was elected Vice President in January 2001. Mr. Forsdick is responsible for soliciting, designing and bidding seismic surveys for prospective clients. Prior to joining the Company, Mr. Forsdick was employed by Grant Geophysical Company and Western Geophysical Company and was responsible for marketing and managing land and marine seismic surveys for domestic and international operations. He has served on the Governmental Affairs Committee of the International Association of Geophysical Contractors.

Organization Position Status
Dawson Geophysical Company Vice President Current

Mr. Nelson joined the Company in 1993 and was elected Vice President in January 2004. Mr. Nelson has over thirty years of seismic experience, holds a Master’s degree in Environmental Science and is a registered environmental professional. He has also served as the Chairman of the Health, Safety and Environmental Committee of the International Association of Geophysical Contractors, is a member of the National Registry of Environmental Professionals and of the American Society of Safety Engineers.

Organization Position Status
Dawson Geophysical Company Vice President Current

Mr. Pruitt joined the Company in 1995 as Marketing Manager and was elected Vice President Marketing in October 2008. Mr. Pruitt has been in the seismic acquisition industry for over 25 years and prior to joining the Company he was the Marketing Manager for Grant Geophysical. Mr. Pruitt is a member of the SEG, AAPG, HGS, RMAG, DGS and the PBGS.

Organization Position Status
Dawson Geophysical Company Vice President Marketing Current
Aapg Board of Directors Current
Pbgs Company Board of Directors Current
Rmag Board of Directors Current
Dawson Geophysical Company Marketing Director Former
Grant Geophysical Inc. Marketing Manager Former

Mr. Dobbs is a graduate of Eastern New Mexico University with a Bachelor of Science Degree in Geology. He has over 27 years of experience in processing land and transition zone data sets with an emphasis in the U.S and the Gulf of Mexico. Mr. Dobbs was elected Vice President Data Processing in October 2008. Prior to joining the Company he was employed by WesternGeco (Western Geophysical) where he was the U.S. Land Processing Manager. Mr. Dobbs oversees Dawson’s processing operations in Houston, Midland and Oklahoma City.

Organization Position Status
Dawson Geophysical Company Vice President Data Processing Current
Data Processing Manager Current
Dawson Geophysical Company Manager, Processing Former
Western Geco Former
Eastern New Mexico University Bachelor of Science Degree In Geology Former

Mr. Wright, a registered professional geophysicist, joined the Company in June, 2003 as Manager of Geophysics and was elected Vice President – Applied Geophysics in April, 2007. Mr. Wright received his Bachelor of Science degree in Geology/Geophysics from Northern Arizona University in 1980. From 1980 to 1987 he worked in Denver, Colorado for Cities Service Company/OXY USA as an exploration geophysicist. From 1987 to 2003 he worked for Western Geophysical Company, also in Denver, where he worked in a number of processing, management, and design geophysicist positions. In 2003, he joined Dawson Geophysical Company as Manager of Geophysics, responsible for 3-D survey design, parameter testing and other acquisition issues. Stuart is the author or co-author of many papers including “Fundamental 3-D Seismic Survey Design,” “Seismic Data Acquisition in Mountainous Terrain” and “Lodgepole 3-D Seismic: Design, Acquisition, and Processing.” He is a member of SEG, Denver Geophysical Society, AAPG, RMAG and the Western Interior Paleontological Society, and has been invited to speak about 3-D topics to geophysicists, geologists and engineers at local and national societies across the country.

Organization Position Status
Dawson Geophysical Company Vice President, Applied Geophysics Current
Rmag Board of Directors Current
Western Interior Paleontological Society Board of Directors Current
Aapg Board of Directors Current
Denver Geophysical Society Board of Directors Current
Dawson Geophysical Company Board of Directors Current

Mr. Chandler joined the Company in 1985 as a Field Service Engineer and became Director Engineering and Technical Support in October 2008. He has 35 years of industry experience, having been employed at Seiscom-Delta and at Central Exploration Company, along with his 24 years with Dawson. Mr. Chandler is responsible for the field service electronics lab and engineers, the ground electronics maintenance lab and warehouse, and field QC/taping facility for all of the company crews. He also supervises the design lab for new proprietary electronic systems and field software that Dawson crews use.

Organization Position Status
Dawson Geophysical Company Director Engineering & Technical Support Current
Dawson Geophysical Company Instrument Supervisor Former

Organization Position Status
Dawson Geophysical Company Field Operations Manager Current

Organization Position Status
Dawson Geophysical Company Regional Manager Current

Organization Position Status
Dawson Geophysical Company Project Manager Current

Organization Position Status
Dawson Geophysical Company Field Operations Manager Current

Organization Position Status
Dawson Geophysical Company Permit Manager Current

Organization Position Status
Dawson Geophysical Company Project Manager Current

Organization Position Status
Dawson Geophysical Company Regional Operations Manager Current

Organization Position Status
Dawson Geophysical Company Regional Manager Current

Organization Position Status
Dawson Geophysical Company Regional Manager Current

Organization Position Status
Dawson Geophysical Company Human Resources Manager Current

Mrs. Crowl joined the Company as Controller in 2005 and was elected as Treasurer in September 2006. Mrs. Crowl has over twenty years accounting experience including treasury, internal and external audit, and financial accounting. Mrs. Crowl is a certified public accountant.

Organization Position Status
Dawson Geophysical Company Treasurer & Controller Current
Dawson Geophysical Company Treasurer Current

Organization Position Status
Dawson Geophysical Company Marketing Representative Current

Organization Position Status
Dawson Geophysical Company Operations Supervisor Current

Organization Position Status
Dawson Geophysical Company Senior Staff Geophysicist Current

Mr. Werth supports 2-D and 3-D design and seismic acquisitions in the Mid-Continent and West Texas areas as well as the Appalachian Basin in the Northeast U.S. He received a B.S. degree in Liberal Arts at Hastings College in Nebraska and has completed postgraduate in Geology in Dallas, Texas. Mr. Werth has worked for twenty-seven years in the seismic industry, most recently ten years as a Design Geophysicist with WesternGeco in Oklahoma City/Midland/Denver and the past five-and-a half-years as an Area Geophysicist with Dawson Geophysical Company in Oklahoma City.

Organization Position Status
Dawson Geophysical Company Area Geophysicist Current
Western Geco Design Geophysicist Current
Hastings College B.S. Degree In Liberal Arts Former

Organization Position Status
Dawson Geophysical Company Equipment Supervisor Current

Organization Position Status
Dawson Geophysical Company Design Geophysicist Current

Organization Position Status
Dawson Geophysical Company Current

Organization Position Status
Dawson Geophysical Company Marketing Representative Current

Organization Position Status
Dawson Geophysical Company Survey Supervisor Current

Mr. Dawson founded the Company in 1952. He served as President of the Company until being elected as Chairman of the Board of Directors and Chief Executive Officer in January 2001. In January 2006, Mr. Dawson was reelected as Chairman of the Board of Directors and retired as Chief Executive Officer of the Company. Prior to 1952, Mr. Dawson was a geophysicist with Republic Exploration Company, a geophysical company. Mr. Dawson served as President of the Society of Exploration Geophysicists (1989-1990), received its Enterprise Award in 1997 and was awarded honorary membership in 2002. He was Chairman of the Board of Directors of the International Association of Geophysical Contractors in 1981 and is an honorary life member of such association. He was inducted into the Permian Basin Petroleum Museum’s Hall of Fame in 1997.

Organization Position Status
Dawson Geophysical Company Chairman of the Board Current
Society of Exploration Geophysicists President Former
Dawson Geophysical Company Board of Directors Former

Dr. Hoover has served the Company as a director since December, 2002. Dr. Hoover, prior to retirement in October, 2002, was Senior Principal Geophysicist with Phillips Petroleum Company. His responsibilities for the previous ten years with Phillips included geophysical research manager, geoscience technology coordination, exploration and production technology consultation and active research into new seismic data acquisition techniques. Dr. Hoover served as Vice President of the Society of Exploration Geophysicists (1990-1991) and received its Life Membership Award in 2000. Dr. Hoover holds a doctorate in physics from Kansas State University.

Organization Position Status
Dawson Geophysical Company Board of Directors Current
Dawson Geophysical Company Committee Member Current
Society of Exploration Geophysicists Vice President Former
Kansas State University Doctorate In Physics Former

Jack D. Ladd .* Mr. Ladd was elected as a Director by the Board of Directors on March 25, 2008. He is currently the Dean and Professor of Management in The School of Business at the University of Texas of the Permian Basin. From 2004 until 2007, Mr. Ladd held the positions of Assistant Professor in the School of Business and Director of the John Ben Shepperd Public Leadership Institute at the University of Texas of the Permian Basin. Prior to 2004, Mr. Ladd practiced law and was a shareholder of Stubbeman, McRae, Sealy, Laughlin & Browder, Inc., a law firm in Midland, Texas. Mr. Ladd is a director of two public corporations other than the Company: Thorium Power, Ltd. and Mexco Energy Corporation.

Organization Position Status
The University of Texas Prof of Management Current
Thorium Power, Ltd Board of Directors Current
Dawson Geophysical Company Board of Directors Current
The University of Texas B.A. Former
The University of Texas Degree Former

Mr. Brown has served the Company as a director since September 1999. Mr. Brown, a management consultant since May 1998, was President and Chief Executive Officer at WEDGE Energy Group, Inc. from January 1985 to May 1998.

Organization Position Status
Dawson Geophysical Company Board of Directors Current
Dawson Geophysical Company Committee Member Current

Organization Position Status
Dawson Geophysical Company Board of Directors Current

Mr. Thompson has served the Company as director since 1995. Mr. Thompson, a management consultant since May 1993, was President and Chief Executive Officer of Production Technologies International, Inc. from November 1989 to May 1993.

Organization Position Status
Dawson Geophysical Company Board of Directors Current

Executive News

  • For Dawson Shareholders, Now Is When to Hold On

    Seeking Alpha - 9/03/09 - View Story

advertisement
     DWSN $22.14 0.00 (0.00% )
Average Volume 79,088
Shares Outstanding 7.82M
Market Cap 173.2M
Year High 35.98
Year Low 9.96
Earnings Per Share 1.30
P/E Ratio 17.03
Dividend N/A
Yield N/A
advertisement