DAWSON GEOPHYSICAL Business Summary

Dawson Geophysical Co (DWSN) is a premier provider of onshore seismic data acquisition and processing services across North America, operating through a single business segment focused on contract seismic services. The company generates revenue primarily through fee-based service contracts and the reimbursement of third-party operational expenses, delivering high-resolution 2D, 3D, and multi-component seismic imaging. Its client base spans major oil and gas producers, independent operators, and emerging sectors such as carbon capture sequestration and potash mining. Dawson competes directly with SAExploration Holdings, Geospace Technologies, and TGS ASA, maintaining a dominant market position as a specialized onshore specialist with a significant equipment fleet and a reputation for technical precision in complex geological basins. Founded in 1952 by L. Decker Dawson, the company is currently led by President and CEO Tony Clark, an industry veteran with over 40 years of experience who joined following the 2023 acquisition of Breckenridge Geophysical. The senior leadership team includes Ray Mays as Executive Vice President and Chief Operating Officer, and Ian Shaw as Chief Financial Officer, both of whom provide deep operational expertise in seismic acquisition. Philip Lathram serves as Vice President of Corporate Strategy and Planning, overseeing the firm’s technological infrastructure and strategic IT initiatives. Dawson operates as a subsidiary of Wilks Brothers, LLC, with Matthew Wilks serving as Chairman of the Board, ensuring strong institutional backing and strategic integration within the Wilks energy services portfolio.