Houston, Texas –November 18, 2011
OYO Geospace (NASDAQ: OYOG) today announced it received a $7.4 million order from an affiliate of Breckenridge Exploration Company to purchase a 5,000 single-channel GSR wireless seismic data acquisition system and related equipment. The company expects to deliver a substantial portion of this order during its first fiscal quarter ending December 31, 2011.
Mr. James Clay, President of Breckenridge Exploration Company, said “We are upgrading our seismic equipment to take advantage of the most up-to-date seismic technology available. We are pleased with the design and capabilities of the GSR wireless system and we expect this technology will allow our crews to operate more efficiently and effectively in our market area.” Breckenridge currently operates two geophysical crews and has been performing contract seismic services in the United States since 1984.
OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the thermal printing industry worldwide.