DWSN Dawson Geophysical Company

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 4)*

 

 

DAWSON GEOPHYSICAL COMPANY

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

239360100

(CUSIP Number)

 

Javier Rocha

Wilks Brothers, LLC

17010 IH 20

Cisco, Texas 76437

Telephone: (817)-850-3600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

June 14, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Matthew D. Wilks
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   0
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   0
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0
14.	TYPE OF REPORTING PERSON (see instructions)   IN

 

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Sergei Krylov
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   0
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   0
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   0
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0
14.	TYPE OF REPORTING PERSON (see instructions)   IN

 

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Dan Wilks
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   18,847,330
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   18,847,330
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   18,847,330
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   75.4% (1)
14.	TYPE OF REPORTING PERSON (see instructions)   IN
(1)	Percent of class based on 25,000,564 shares of Common Stock of Issuer issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report filed with the SEC on May 15, 2023.

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Staci Wilks
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   349
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   349
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   349
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0.0% (1)
14.	TYPE OF REPORTING PERSON (see instructions)   IN
(1)	Percent of class based on 25,000,564 shares of Common Stock of Issuer issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report filed with the SEC on May 15, 2023.

 

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Wilks Brothers, LLC
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   WC
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   Texas
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   18,847,330
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   18,847,330
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   18,847,330
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   75.4% (1)
14.	TYPE OF REPORTING PERSON (see instructions)   OO
(1)	Percent of class based on 25,000,564 shares of Common Stock of Issuer issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report filed with the SEC on May 15, 2023.

 

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   Farris Wilks
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   18,847,330
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   18,847,330
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   18,847,330
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   75.4% (1)
14.	TYPE OF REPORTING PERSON (see instructions)   IN
(1)	Percent of class based on 25,000,564 shares of Common Stock of Issuer issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report filed with the SEC on May 15, 2023.

SCHEDULE 13D

 

CUSIP No. 239360100

 

1.	NAMES OF REPORTING PERSONS   WB Acquisitions Inc.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☒ (b) ☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)   OO
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.	SOLE VOTING POWER   0
		8.	SHARED VOTING POWER   15,547,010
		9.	SOLE DISPOSITIVE POWER   0
		10.	SHARED DISPOSITIVE POWER   15,547,010
11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   15,547,010
12.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   ☐
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   62.2% (1)
14.	TYPE OF REPORTING PERSON (see instructions)   CO
(1)	Percent of class based on 25,000,564 shares of Common Stock of Issuer issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report filed with the SEC on May 15, 2023.

 

Explanatory Note

 

This Amendment No. 4 (this “Amendment”) amends and supplements the Schedule 13D originally filed by Dan Wilks, Staci Wilks, Wilks Brothers, LLC (“Wilks”) and Farris Wilks with the Securities and Exchange Commission (the “SEC”) on January 19, 2021, as amended by Amendment No. 1 thereto filed on October 25, 2021, Amendment No. 2 thereto filed on January 14, 2022, and Amendment No. 3 thereto filed on January 28, 2022 (collectively, the “Schedule 13D”), relating to shares of common stock, par value $0.01 per share (“Common Stock”), of Dawson Geophysical Company (the “Issuer”).

 

Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Schedule 13D.

 

Item 2.

Identity and Background.

 

Item 2 of the Schedule 13D is hereby amended by amending and replacing in its entirety Item 2(a) as follows:

 

(a)       Name of Persons Filing: This Schedule 13D is being filed jointly by Sergei Krylov, Matthew D. Wilks, Dan Wilks, Staci Wilks, Wilks, Farris Wilks, and WB Acquisitions Inc. (“Merger Sub”) (collectively, the “Reporting Persons”).

 

Item 2 of the Schedule 13D is hereby further amended by amending and supplementing each of Items 2(b), 2(c), 2(d), 2(e) and 2(f) by adding the following:

 

(b)       The business address for each of Sergei Krylov and Matthew D. Wilks is 17018 IH 20, Cisco, TX 76437.

 

(c)       The principal occupation of Matthew D. Wilks is that he serves as the Chairman of the Issuer. Matthew D. Wilks also serves as the Vice President of Investments for Wilks and as a director for other public companies in the energy space. The principal occupation of Sergei Krylov is that he serves as a Director of the Issuer. Sergei Krylov also serves as Investment Partner and Chief Financial Officer of Wilks.

 

(d)       No Reporting Person has, during the last five (5) years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)       No Reporting Person has, during the last five (5) years, been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f)       Each of Sergei Krylov and Matthew D. Wilks is a citizen of the United States of America.

 

Item 3.

Source and Amount of Funds or Other Consideration.

 

Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

The source of funds for Wilks’ purchases of the shares of Common Stock set forth on Schedule I was working capital of Wilks. The total amount of funds (including brokerage commissions) used by the Reporting Persons for the purchase of Common Stock in the open market set forth on Schedule I is $38,222.90.

 

The information set forth in Item 4 of this Amendment is incorporated by reference into this Item 3.

 

Item 4.

Purpose of Transaction.

 

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

On March 24, 2023, Issuer entered into a definitive Asset Purchase Agreement (as amended from time to time, the “Purchase Agreement”), by and among Issuer, Wilks, and Breckenridge Geophysical, LLC, a Texas limited liability company and a wholly-owned subsidiary of Wilks (“Breckenridge”). Pursuant to the Purchase Agreement, and upon the terms and subject to the conditions described therein, Issuer completed the purchase of substantially all of the Breckenridge assets related to seismic data acquisition services other than its multi-client data library (the “Assets”), in exchange for a combination of equity consideration and a convertible note (the “Transaction”). The consideration delivered by Issuer to Wilks for the Assets consisted of the following equity consideration and convertible note (collectively, the “Consideration”):

 

●

Equity Consideration. Issuer delivered to Wilks the aggregate amount of 1,188,235 newly-issued shares of common stock of Issuer.

 

 

●

Convertible Note. Issuer delivered to Wilks a convertible promissory note (the “Convertible Note”) in the principal amount of $9,880,000.50 payable on or after June 30, 2024 that, upon the terms and subject to the conditions described therein, will automatically convert into 5,811,765 newly-issued shares of Common Stock of Issuer (the “Conversion Shares”) at a conversion price of $1.70 per share (which price is equal to the market price of common stock of Issuer at closing of the Transaction), subject to adjustment as described in the Convertible Note, after Issuer receives stockholder approval of the proposal to issue the Conversion Shares upon conversion of the Convertible Note in accordance with Listing Rule 5635 of the NASDAQ Listed Company Manual.

 

On March 24, 2023 and in connection with the Purchase Agreement, the Company and Wilks entered in to a Voting Agreement (the “Voting Agreement”) pursuant to which Wilks agreed to, at any shareholder meeting held to approve the Transaction, vote the shares beneficially owned by Wilks in favor of (a) the approval of the Transaction, (b) the approval of any proposal to adjourn or postpone any shareholder meeting to a later date if there are not sufficient votes for the approval of the Transaction on the date on which such meeting is held, and (c) any other matter necessary for consummation of the transactions contemplated by the Purchase Agreement or any other document related to the Transaction which is considered at any such meeting or is the subject of any such consent solicitation.

 

The Reporting Persons intend to review their investment in the Issuer on a continuing basis in anticipation of the closing of the Transactions, and may purchase additional shares of Common Stock.

 

The foregoing descriptions of the Purchase Agreement, the Convertible Note, and the Voting Agreement are qualified in their entirety by reference to the full text of the Purchase Agreement, the Convertible Note, and the Voting Agreement, which are filed as Exhibit 1, Exhibit 2, and Exhibit 3 to this Amendment, respectively, and are incorporated by reference herein.

 

Item 5.

Interest in Securities of the Issuer.

 

Item 5 of the Schedule 13D is hereby amended by amending and replacing in their entirety each of Items 5(a), 5(b) and 5(c) as follows:

 

(a)–(b) Each Reporting Person’s beneficial ownership of the Common Stock as of the date of this Amendment is reflected on that Reporting Person’s cover page. The Reporting Persons may be deemed to be the beneficial owners of an aggregate of 18,847,330 shares of the Common Stock, representing 75.4% of the 25,000,564 shares of Common Stock issued and outstanding as of May 10, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023.

 

Wilks beneficially owns 18,847,330 shares of Common Stock, representing 75.4% of the issued and outstanding Common Stock, consisting of (i) 3,299,971 shares of Common Stock directly owned by Wilks, (ii) 15,547,010 shares of Common Stock directly owned by Merger Sub, which is a subsidiary of Wilks, and (iii) 349 shares of Common Stock directly owned by Staci Wilks. Wilks is a manager-managed limited liability company, managed by Dan Wilks and Farris Wilks. Dan Wilks and Farris Wilks are brothers and may be deemed to indirectly beneficially own the shares of Common Stock directly beneficially owned by each of Wilks and Merger Sub.

 

Dan Wilks and Staci Wilks are husband and wife and share the same household, and Dan H. Wilks may be deemed to indirectly beneficially own the shares of Common Stock directly owned by Staci Wilks.

 

Sergei Krylov is a Director of Issuer and an Investment Partner and Chief Financial Officer of Wilks. Matthew D. Wilks is the Chairman of Issuer and is the Vice President of Investment of Wilks and a Director of Merger Sub. Matthew D. Wilks is the son of Dan Wilks.

 

(c)       Schedule I hereto sets forth all transactions in the Common Stock within the past 60 days by any Reporting Person. The transactions set forth on Schedule 1 were effected on the open market. Except for the transactions set forth on Schedule I, none of the Reporting Persons effected any transaction in the Common Stock during the past 60 days.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following:

 

The information set forth in Item 4 of this Amendment is incorporated by reference into this Item 6.

 

 

Item 7.

Material to Be Filed as Exhibits.

 

Exhibit No.		Description
1		Asset Purchase Agreement, dated March 24, 2023, by and among Dawson Geophysical Company, Wilks Brothers, LLC, for the limited purposes set forth therein, and Breckenridge Geophysical, LLC, a Texas limited liability company and a wholly-owned subsidiary of Wilks Brothers, LLC (incorporated by reference to Exhibit 2.1 to Issuer’s Current Report on Form 8-K filed with the SEC on March 24, 2023).
2		Convertible Promissory Note, dated March 24, 2023, by and among Dawson Geophysical Company and Wilks Brothers, LLC (incorporated by reference to Exhibit 10.1 to Issuer’s Current Report on Form 8-K filed with the SEC on March 24, 2023).
3		Voting Agreement, dated March 24, 2023, by and between Dawson Geophysical Company and Wilks Brothers, LLC (incorporated by reference to Exhibit 10.2 to Issuer’s Current Report on Form 8-K filed with the SEC on March 24, 2023).
4		Joint Filing Agreement by and among the Reporting Persons, dated as of June 29, 2023.
5		Power of Attorney – Sergei Krylov, dated as of June 29, 2023.
6		Power of Attorney – Matthew D. Wilks, dated as of June 29, 2023.
7		Power of Attorney – Dan Wilks, dated as of June 29, 2023.
8		Power of Attorney – Staci Wilks, dated as of June 29, 2023.
9		Power of Attorney – Wilks Brothers, LLC, dated as of June 29, 2023.
10		Power of Attorney – Farris Wilks, dated as of June 29, 2023.
11		Power of Attorney – WB Acquisitions Inc., dated as of June 29, 2023.

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: June 29, 2023

 

	*
	Sergei Krylov
	*
	Matthew D. Wilks
	*
	Dan Wilks
	*
	Staci Wilks
	*
	Farris Wilks
	Wilks Brothers, LLC
	By:	/s/ Javier Rocha
		Name: Javier Rocha
		Title: Attorney-in-Fact
	WB Acquisitions Inc.
	By:	/s/ Javier Rocha
		Name: Javier Rocha
		Title: Attorney-in-Fact

*By:	/s/ Javier Rocha
	Javier Rocha, as Attorney-in-Fact

 

 

Schedule I

 

Transactions – Last 60 days

 

Wilks Brothers, LLC

 

Date	Transaction	Shares	Price Per Share
06/12/2023	Purchase	1,402	$2.04
06/12/2023	Purchase	2,764	$2.06
06/13/2023	Purchase	4,438	$2.19
06/14/2023	Purchase	8,643	$2.24
06/14/2023	Purchase	252	$2.13

 

 

Wilks SC 13DA

 

Exhibit 99.4

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that the foregoing statement on this Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

Dated: June 29, 2023

 

	*
	Sergei Krylov
	*
	Matthew D. Wilks
	*
	Dan Wilks
	*
	Staci Wilks
	*
	Farris Wilks
	Wilks Brothers, LLC
	By:	/s/ Javier Rocha
		Name: Javier Rocha
		Title: Attorney-in-Fact
	WB Acquisitions Inc.
	By:	/s/ Javier Rocha
		Name: Javier Rocha
		Title: Attorney-in-Fact

*By:	/s/ Javier Rocha
	Javier Rocha, as Attorney-in-Fact

 

 

Wilks SC 13DA

 

Exhibit 99.5

 

POWER OF ATTORNEY

 

I, Sergei Krylov, hereby confirm that I have authorized and designated Javier Rocha to execute and file on my behalf all SEC forms (including any amendments thereto) that I may be required to file with the United States Securities and Exchange Commission and to perform any other actions in connection with the above, as a result of my position with, or my direct or indirect ownership of, or transaction in securities of, Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as I am required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Javier Rocha. I hereby acknowledge that such individual is not assuming any of my responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Sergei Krylov
			Sergei Krylov

 

Wilks SC 13DA

 

Exhibit 99.6

 

POWER OF ATTORNEY

 

I, Matthew D. Wilks, hereby confirm that I have authorized and designated Javier Rocha to execute and file on my behalf all SEC forms (including any amendments thereto) that I may be required to file with the United States Securities and Exchange Commission and to perform any other actions in connection with the above, as a result of my position with, or my direct or indirect ownership of, or transaction in securities of, Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as I am required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Javier Rocha. I hereby acknowledge that such individual is not assuming any of my responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Matthew D. Wilks
			Matthew D. Wilks

 

Wilks SC 13DA

 

Exhibit 99.7

 

POWER OF ATTORNEY

 

I, Dan Wilks, hereby confirm that I have authorized and designated Javier Rocha to execute and file on my behalf all SEC forms (including any amendments thereto) that I may be required to file with the United States Securities and Exchange Commission and to perform any other actions in connection with the above, as a result of my position with, or my direct or indirect ownership of, or transaction in securities of, Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as I am required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Javier Rocha. I hereby acknowledge that such individual is not assuming any of my responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Dan Wilks
			Dan Wilks

 

Wilks SC 13DA

 

Exhibit 99.8

 

POWER OF ATTORNEY

 

I, Staci Wilks, hereby confirm that I have authorized and designated Javier Rocha to execute and file on my behalf all SEC forms (including any amendments thereto) that I may be required to file with the United States Securities and Exchange Commission and to perform any other actions in connection with the above, as a result of my position with, or my direct or indirect ownership of, or transaction in securities of, Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as I am required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Javier Rocha. I hereby acknowledge that such individual is not assuming any of my responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Staci Wilks
			Staci Wilks

 

Wilks SC 13DA

 

Exhibit 99.9

 

POWER OF ATTORNEY

 

Wilks Brothers, LLC (“Wilks”), incorporated and existing under the laws of Texas, with filing number 801427642, having its registered address at PO Box 984, Cisco, Texas 76437, represented by Dan Wilks, Manager, hereby authorizes Javier Rocha to represent Wilks to execute and file on Wilks’s behalf all SEC forms (including any amendments thereto) that Wilks may be required to file with the United States Securities and Exchange Commission and any other actions in connection with the above, as a result of Wilks’s position with, or direct or indirect ownership of, or transactions in securities by or on behalf of Wilks. The authority of such individual under this Statement shall continue for as long as Wilks is required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Wilks. I hereby acknowledge that such individual is not assuming any of Wilks’s responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Dan Wilks
			Dan Wilks, Manager

 

Wilks SC 13DA

 

Exhibit 99.10

 

POWER OF ATTORNEY

 

I, Farris Wilks, hereby confirm that I have authorized and designated Javier Rocha to execute and file on my behalf all SEC forms (including any amendments thereto) that I may be required to file with the United States Securities and Exchange Commission and to perform any other actions in connection with the above, as a result of my position with, or my direct or indirect ownership of, or transaction in securities of, Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as I am required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Javier Rocha. I hereby acknowledge that such individual is not assuming any of my responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Farris Wilks
			Farris Wilks

 

Wilks SC 13DA

 

Exhibit 99.11

 

POWER OF ATTORNEY

 

WB Acquisitions Inc. (“Merger Sub”), incorporated and existing under the laws of Delaware, having its address at 17018 IH 20, Cisco, TX 76437, represented by Matthew D. Wilks, Director, hereby authorizes Javier Rocha to represent Merger Sub to execute and file on Merger Sub’s behalf all SEC forms (including any amendments thereto) that Merger Sub may be required to file with the United States Securities and Exchange Commission and any other actions in connection with the above, as a result of Merger Sub’s position with, or direct or indirect ownership of, or transactions in securities by or on behalf of Merger Sub with Dawson Geophysical Company. The authority of such individual under this Statement shall continue for as long as Merger Sub is required to file such forms, unless earlier terminated by my delivery of a written revocation of this authorization to Merger Sub. I hereby acknowledge that such individual is not assuming any of Merger Sub’s responsibilities to comply with any of the requirements of the Securities Exchange Act of 1934, as amended.

 

Dated:

June 29, 2023

	By:		/s/ Matthew D. Wilks
			Matthew D. Wilks, Director

 

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