351231--12/9/2008--DAWSON_GEOPHYSICAL

related topics

{customer, product, revenue}

{product, market, service}

{cost, regulation, environmental}

{acquisition, growth, future}

{gas, price, oil}

{personnel, key, retain}

{loss, insurance, financial}

{control, financial, internal}

{provision, law, control}

{condition, economic, financial}

{tax, income, asset}

{cost, operation, labor}

{operation, natural, condition}

{system, service, information}

If oil and natural gas prices or the level of capital expenditures by oil and gas companies were to decline, demand for our services would decline and our results of operations would be adversely affected. A limited number of customers account for a significant portion of our revenues, and the loss of one of these customers could harm our results of operations; we generally do not require our clients to pay in advance or to secure their obligations to us, so any failure to pay by these clients could harm our results of operations. Our clients could delay, reduce or cancel their service contracts with us on short notice, which may lead to lower than expected demand and revenues. The high fixed costs of our operations could adversely affect our results of operations. Our revenues are subject to fluctuations that are beyond our control which could adversely affect our results of operations in any financial period. Our operations are subject to weather conditions which could adversely affect our results of operations. Our operations are subject to delays related to obtaining land access rights of way from third parties which could affect our results of operations. We face intense competition in our business that could result in downward pricing pressure and the loss of market share. If we do not manage our continued growth effectively, our results of operations could be affected. We may be unable to attract and retain skilled and technically knowledgeable employees which could adversely affect our business and our growth. Capital requirements for our operations are large. If we are unable to finance these requirements, our ability to continue our expansion and maintain our profitability could be affected. Our results of operations could be adversely affected by asset impairments. Technological change in our business creates risks of technological obsolescence and requirements for future capital expenditures. If we are unable to keep up with these technological advances, we may not be able to compete effectively. We operate under hazardous conditions that subject us to risk of damage to property or personal injuries and may interrupt our business. We may be subject to liability claims that are not covered by our master service agreements or by insurance. Our industry is subject to governmental regulation which may adversely affect our future operations. Certain provisions of our charter and bylaws and our shareholder rights plan may make it difficult for a third party to acquire us, even in situations that may be viewed as desirable by shareholders. Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our stock price.

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351231--12/9/2008--DAWSON_GEOPHYSICAL_CO