Dawson Operating LLC /
GTC, Inc.
Dawson Operating to Purchase Pioneer Seismic Equipment from GTC, Inc.
Source for the buyer and target: Dawson Geophysical Company
For the buyer and target.
“On August 8, 2025, Dawson Operating LLC, a Texas limited liability company (“Dawson Operating”) and wholly-owned subsidiary of Dawson Geophysical Company, a Texas corporation (the “Company”), entered into an Equipment Purchase Agreement, dated as of August 8, 2025 (the “Purchase Agreement”), with GTC, Inc., a Texas corporation (“GTC”) and wholly-owned subsidiary of Geospace Technologies Corporation, a Texas corporation (“Geospace”), pursuant to which, among other things, Dawson Operating agreed to acquire from GTC Pioneer™ single point node channels.”
Published 11 Aug 2025
Open the sourceWhat happened
Dawson Operating LLC agreed to acquire Pioneer™ single point node channels from GTC, Inc. The equipment will be delivered in three shipments, with the final shipment scheduled by early January 2026. [01]
The purchase price is approximately $24.2 million, with cash payments and financing through promissory notes. [01]
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Dawson Operating to Purchase Pioneer Seismic Equipment from GTC, Inc.
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