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    John Potratz

    Research Analyst at Research Investments

    John Potratz's questions to DAWSON GEOPHYSICAL (DWSN) leadership

    John Potratz's questions to DAWSON GEOPHYSICAL (DWSN) leadership • Q2 2021

    Question

    John Potratz of Research Investments inquired about the business potential of carbon capture projects, exploration for minerals like lithium, the level of Q2 maintenance expenses, the competitive landscape, and whether the outlook for new work has improved.

    Answer

    Stephen Jumper, Chairman, President & CEO, confirmed that inquiries for profitable, albeit smaller, carbon capture projects are increasing. He noted that while there have been some inquiries for lithium, it is not a significant focus. Jumper clarified that Q2 maintenance costs were not unusually high but were aimed at readiness, and that the competitive landscape remains difficult for all operators. He concluded that while bid activity is seeing a slight uptick, the market will remain challenging in the near term.

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    John Potratz's questions to DAWSON GEOPHYSICAL (DWSN) leadership • Q1 2021

    Question

    John Potratz of Researched Investments asked about the company's ability to manage staff reductions while remaining prepared for a recovery and inquired about the nature of current customer conversations, specifically if clients are reallocating funds toward seismic projects.

    Answer

    Stephen Jumper, Chairman, President & CEO, affirmed the challenge of balancing cost reductions with operational readiness but expressed confidence in the team's ability to respond efficiently when demand returns. He noted that while contracts are lean and bid activity is slow, they are having conversations with clients who have ideas for 2021 and 2022. However, he clarified that E&P companies are currently very quiet about specific capital budget allocations for seismic work, making the near-term outlook cloudy.

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