Dawson Geophysical Invests in Geospace Technologies' Pioneer Seismic Land Nodes

Dawson Geophysical Company (NASDAQ: DWSN) has made a substantial investment in seismic data acquisition technology by purchasing Geospace Technologies Corporation's (NASDAQ: GEOS) Pioneer ultralight seismic land nodes. This deal, valued at approximately $24 million, represents a pivotal moment for the geophysical services industry, highlighting the shift towards more efficient and high-quality data collection methods. The delivery of these innovative nodes is set to commence in the third quarter of 2025.

The Pioneer nodes, weighing less than 0.5kg, are a testament to Geospace Technologies' commitment to innovation. Designed and manufactured in the USA, these nodes offer a lightweight, autonomous solution for seismic data acquisition, capable of continuous recording for up to 50 days. Their proprietary 5Hz geophone ensures superior image quality, while the QuickDeploy feature accelerates deployment, setting a new standard in the industry.

Rich Kelley, President and CEO of Geospace Technologies, emphasized the balance between data quality and operational efficiency that the Pioneer nodes provide. Dawson Geophysical's decision to invest in this technology underscores the industry's demand for solutions that do not compromise on quality while achieving significant operational efficiencies. Tony Clark, Dawson's President and CEO, highlighted the competitive advantage these nodes offer, particularly for large, high-resolution surveys and small surveys alike, by improving both operational and calendar efficiencies.

This partnership between Dawson Geophysical and Geospace Technologies is a clear indicator of the evolving needs of the energy exploration and production sector. The adoption of the Pioneer nodes is expected to enhance the quality of seismic data acquisition, offering a competitive edge in the market. For more information on the Pioneer nodes, visit https://www.Geospace.com/pioneer.