MIDLAND, Texas, July 23, 2020 /PRNewswire/ -- Dawson
Geophysical Company (NASDAQ: DWSN) announced today that it plans to
publicly release preliminary and unaudited financial results for
the quarter ended June 30, 2020, the
Company's second quarter of 2020, before the market opens on
Thursday, July 30, 2020. An investor
conference call to review the second quarter results will be held
on Thursday, July 30, 2020, at
9:00 a.m. Central Time.
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Date:
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Thursday, July 30,
2020
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Time:
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10:00 AM
ET
9:00 AM
CT
8:00 AM
MT
7:00 AM
PT
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Call:
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1-800-289-0438 (US)
and 1-323-794-2423 (Toll/International)
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Internet:
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Live and rebroadcast
over the internet, log onto http://www.dawson3d.com
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Replay:
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Available until
Sunday, August 30, 2020, at 1-844-512-2921 (Toll-Free) and
1-412-317-6671 (Toll/International), Passcode 5281996, and
available until August 30, 2020 on the Company's web site at
http://www.dawson3d.com
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About Dawson Geophysical Company
Dawson Geophysical Company is a leading provider of U.S. onshore
seismic data acquisition services with operations throughout the
continental United States and
Canada. Dawson acquires and processes 2-D, 3-D and
multi-component seismic data solely for its clients, ranging from
major oil and gas companies to independent oil and gas operators as
well as providers of multi-client data libraries.
Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, the Company cautions that
statements in this press release which are forward-looking and
which provide other than historical information involve risks and
uncertainties that may materially affect the Company's actual
results of operations. Such forward-looking statements are based on
the beliefs of management as well as assumptions made by and
information currently available to management. Actual results could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors. These risks include, but
are not limited to, dependence upon energy industry spending;
changes in exploration and production spending by our customers and
changes in the level of oil and natural gas exploration and
development; the results of operations and financial condition of
our customers, particularly during extended periods of low prices
for crude oil and natural gas; the volatility of oil and natural
gas prices; changes in economic conditions; the severity and
duration of the COVID-19 pandemic, related economic repercussions
and the resulting negative impact on demand for oil and gas; the
current significant surplus in the supply of oil and the ability of
the Organization of the Petroleum Exporting Countries and its
allies, collectively known as OPEC+, to agree on and comply with
supply limitations; the duration and magnitude of the unprecedented
disruption in the oil and gas industry currently resulting from the
impact of the foregoing factors, which is negatively impacting our
business; the potential for contract delays; reductions or
cancellations of service contracts; limited number of customers;
credit risk related to our customers; reduced utilization; high
fixed costs of operations and high capital requirements;
operational challenges relating to the COVID-19 pandemic and
efforts to mitigate the spread of the virus, including logistical
challenges, protecting the health and well-being of our employees
and remote work arrangements; industry competition; external
factors affecting the Company's crews such as weather interruptions
and inability to obtain land access rights of way; whether the
Company enters into turnkey or day rate contracts; crew
productivity; the availability of capital resources; and
disruptions in the global economy. A discussion of these and other
factors, including risks and uncertainties, is set forth in the
Company's Annual Report on Form 10-K that was filed with the
U.S. Securities and Exchange Commission (the "SEC") on
March 6, 2020 and any subsequent Quarterly Reports on Form
10-Q filed with the SEC. The Company disclaims any intention or
obligation to revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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SOURCE Dawson Geophysical Company