Dawson Geophysical Co: insider trades · United States · SEC (Form 4)

About Dawson Geophysical Co

Dawson Geophysical Company (ticker: DWSN) is a United States-based company listed on NASDAQ. It operates in the North American onshore seismic data acquisition market, providing geophysical services to oil and gas exploration and production clients. Its core business is the acquisition and processing of 2-D, 3-D, and multi-component seismic data, which customers use to image subsurface structures, better define reservoirs, and reduce drilling risk. In its latest annual report, Dawson says it serves clients across the continental United States and Canada, with its principal office in Midland, Texas and an additional office in Plano, Texas. ([sec.gov](https://www.sec.gov/Archives/edgar/data/799165/000155837025004330/dwsn-20241231x10k.htm?utm_source=openai)) The company is a long-established name in land seismic services and is closely tied to the North American energy services cycle. While the exact founding date was not confirmed in the sources reviewed, Dawson’s business profile reflects many years of operating history in this specialized segment. The company works with a broad client base that includes major oil and gas companies, independent producers, multi-client data library providers, and, increasingly, carbon capture sequestration projects. That mix gives Dawson exposure to both traditional upstream energy spending and selected transition-related projects, although the business remains heavily linked to exploration and development budgets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000799165/000110465926037886/dwsn-20251231x10k.htm?utm_source=openai)) From a competitive standpoint, Dawson operates in a niche, highly cyclical industry where pricing, crew utilization, and capital intensity matter greatly. Competitive advantages tend to come from operational execution, client relationships, crew availability, and technology refresh cycles rather than from scale alone. Dawson has emphasized the deployment of new “single point node” channels, describing them as a smaller, lighter, autonomous land wireless seismic solution designed to improve deployment speed and field efficiency. That investment suggests management is trying to strengthen productivity and win work that demands higher channel counts and better resolution. ([sec.gov](https://www.sec.gov/Archives/edgar/data/799165/000155837025011231/dwsn-20250812xex99d1.htm?utm_source=openai)) Recent developments have been important. Dawson reported improved financial momentum in 2024, including positive adjusted EBITDA, and management said it entered 2025 with a stronger backlog. In 2025, the company accelerated its equipment rollout after customer demand increased for large, high-resolution surveys. It also resumed Canadian operations in late 2025 and entered 2026 with multiple crews active. Another notable event was the August 2025 equipment purchase agreement with GTC, a Geospace Technologies subsidiary, for new single-node channels; this was followed by further deliveries later in the year. These developments indicate a company focused on rebuilding operational leverage and improving margins through better utilization and a more modern asset base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/799165/000155837025004024/dwsn-20250328xex99d1.htm?utm_source=openai))