TGC Industries, Inc. is engaged in the geophysical service business of conducting three-dimensional (3-D) surveys for clients in the oil and gas business. Equipment and Crews The company is a provider of seismic data acquisition services throughout the continental United States and Canada. As of December 31, 2013, the company operated eight seismic crews consisting of five crews in the U.S. and three crews in Canada. These seismic crews supply seismic data primarily to companies engaged in the exploration and development of oil and natural gas on land and in land-to-water transition areas. Seismic acquisition services of the company’s wholly-owned subsidiary, Eagle Canada, Inc. (Eagle Canada) are also used by the potash mining industry in Canada, and Eagle Canada has particular expertise through its heliportable capabilities. Its customers rely on seismic data to identify areas where subsurface conditions are favorable for the accumulation of existing hydrocarbons; to optimize the development and production of hydrocarbon reservoirs; to delineate existing oil and natural gas fields; and to augment reservoir management techniques. The company introduces acoustic energy into the ground by using vibration equipment or dynamite detonation, depending on the surface terrain and subsurface requirements. The company owns equipment for 16 land-based seismic data acquisition crews and 73 vibration vehicles. Each crew consists of approximately 40 to 80 technicians with associated vehicles, geophones, a seismic recording system, energy sources, cables, and other equipment. Each ARAM crew has one central recording vehicle which captures seismic data. The GSR and GSX crews utilize a recorder to manage the data acquisition while the individual system captures and holds the data until they are placed in the Data Transfer Module. The data is then transferred to a CD ROM or data tape which is delivered to a data processing center selected by the customer. Customers The company’s customers are major and independent oil and natural gas exploration and development companies. Competition The company’s primary competitors are Dawson Geophysical Company and CGG-Veritas. History TGC Industries, Inc. was founded in 1967.
t.g.c. industries inc (TGE:NASDAQ GS)
101 East Park Boulevard
Plano, TX 75074
|CGG SA||€7.60 EUR||-0.047|
|Dawson Geophysical Co||$22.18 USD||+0.20|
|Petroleum Geo-Services ASA||39.87 NOK||-0.23|
|Tesla Exploration Ltd||C$2.20 CAD||0.00|
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To contact T.G.C. INDUSTRIES INC, please visit www.tgcseismic.com. Company data is provided by Capital IQ. Please use this form to report any data issues.