TGE » Topics » Competition

These excerpts taken from the TGE 10-K filed Mar 16, 2009.

Competition

 

The acquisition of seismic data for the oil and natural gas industry is a highly competitive business. There are approximately 65 seismic crews currently operating in the continental United States. Contracts for such services generally are awarded on the basis of price quotations, crew experience, and the availability of crews to perform in a timely manner, although factors other than price, such as crew safety performance history and technological and operational expertise, are often determinative. Our competitors include companies with financial resources that are significantly greater than our own as well as companies of comparable and smaller size. Our primary competitors are Dawson Geophysical Company, Geo Kinetics, Inc., Petroleum Geo Services, and to a lesser extent, CGG-Veritas.  In addition to the previously named companies, we also compete for projects from time to time with smaller seismic companies which operate in local markets with only one or two crews.

 

Competition



 



The acquisition of seismic data for the oil and
natural gas industry is a highly competitive business. There are approximately
65 seismic crews currently operating in the continental United States.
Contracts for such services generally are awarded on the basis of price
quotations, crew experience, and the availability of crews to perform in a
timely manner, although factors other than price, such as crew safety
performance history and technological and operational expertise, are often
determinative. Our competitors include companies with financial resources that
are significantly greater than our own as well as companies of comparable and
smaller size. Our primary competitors are Dawson Geophysical Company, Geo
Kinetics, Inc., Petroleum Geo Services, and to a lesser extent,
CGG-Veritas.  In addition to the
previously named companies, we also compete for projects from time to time with
smaller seismic companies which operate in local markets with only one or two
crews.



 



These excerpts taken from the TGE 10-K filed Mar 14, 2008.

Competition

 

The acquisition of seismic data for the oil and natural gas industry is a highly competitive business. There are approximately 61 seismic crews currently operating in the continental United States. Contracts for such services generally are awarded on the basis of price quotations, crew experience, and the availability of crews to perform in a timely manner, although factors other than price, such as crew safety performance history and technological and operational expertise, are often determinative. Our competitors include companies with financial resources that are significantly greater than our own as well as companies of comparable and smaller size. Our primary competitors are Dawson Geophysical Company, Geo Kinetics, Inc., Petroleum Geo Services, and to a lesser extent, CGG-Veritas. In addition to the previously named companies, we also compete for projects from time to time with smaller seismic companies which operate in local markets with only one or two crews.  We believe that our long-term industry expertise, the customer relationships developed over our history, and our financial stability give us an advantage over most of our competitors in the industry.

 

Competition



 



The acquisition of seismic data for the oil and
natural gas industry is a highly competitive business. There are approximately
61 seismic crews currently operating in the continental United States.
Contracts for such services generally are awarded on the basis of price
quotations, crew experience, and the availability of crews to perform in a
timely manner, although factors other than price, such as crew safety
performance history and technological and operational expertise, are often determinative.
Our competitors include companies with financial resources that are
significantly greater than our own as well as companies of comparable and
smaller size. Our primary competitors are Dawson Geophysical Company, Geo
Kinetics, Inc., Petroleum Geo Services, and to a lesser extent,
CGG-Veritas. In addition to the previously named companies, we also compete for
projects from time to time with smaller seismic companies which operate in
local markets with only one or two crews. 
We believe that our long-term industry expertise, the customer
relationships developed over our history, and our financial stability give us
an advantage over most of our competitors in the industry.



 



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