On August 8, 2025, Dawson Operating LLC, a wholly-owned subsidiary of Dawson Geophysical Company, entered into an Equipment Purchase Agreement with GTC, Inc., a subsidiary of Geospace Technologies Corporation. The agreement is for the acquisition of approximately $24.2 million in new single point node channels.
This substantial capital investment is a direct response to an observed increase in demand for large integrated high-resolution, high channel count surveys. The new channels are described as small, lightweight, single-component, autonomous land wireless seismic data acquisition solutions, designed to significantly improve operational efficiency and field deployment.
The purchase price includes approximately $4.8 million paid in cash at execution, $1.2 million payable upon final delivery, and $18.2 million financed through three 36-month promissory notes at a fixed interest rate of 8.75%. Management believes this investment will position Dawson as a leader in the industry, providing a competitive advantage for advanced seismic surveys.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.