Midland-based Dawson Geophysical said recently it reached agreement with Wilks Brothers and Breckenridge Geophysical to purchase substantially all assets of Breckenridge for seismic data acquisition. The companies said they plan to begin integration of the acquired assets into Dawson’s operations “as soon as possible.” Total consideration for the transaction is 7 million shares of Dawson common stock.
Stephen C. Jumper, CEO and president of Dawson, said March 24, “The combination will provide flexibility in executing existing projects from both companies and provide meaningful operational and cost synergies.”