| Business Summary | | TGC
Industries,
Inc.
is
engaged
in
the
geophysical
service
business,
primarily
conducting
Three-D
(3-D)
surveys
for
clients
in
the
oil
and
gas
business.
Since
its
formation,
TGC
has
engaged
in
the
domestic
geophysical
services
business
principally
through
conducting
seismic
surveys
and
to
a
lesser
extent
through
sales
of
gravity
information
from
the
Company's
Data
Bank
to
companies
engaged
in
the
exploration
for
oil
and
gas
in
the
United
States.
The
two
survey
techniques
used
by
the
Company
in
acquiring
geophysical
data
are
seismic
and
gravity.
Land
seismic
surveys
are
the
Company's
principal
method
of
data
acquisition
and
are
by
far
the
most
widely
used
geophysical
technique.
TGC's
seismic
crews
use
dynamite
as
the
primary
energy
source
for
such
surveys. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TGC
Industries,
Inc.
is
engaged
in
the
domestic
geophysical
services
business
and
primarily
conducts
seismic
surveys
and
sells
gravity
data
to
companies
engaged
in
exploration
in
the
oil
and
gas
industry.
For
the
three
months
ended
3/31/01,
revenues
totaled
$882
thousand,
up
from
$359
thousand.
Net
loss
applicable
to
Common
decreased
11%
to
$707
thousand.
Results
reflect
increased
contracts,
partially
offset
by
increased
S/G/A
expenses
due
to
marketing
efforts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Allen McInnes, 63 Chairman
and Sec. | -- | Wayne Whitener, 49 Pres,
CEO | $95K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|