Overview
The 940 geophysical surveying and mapping service providers in the US gather, interpret, and map geophysical data, primarily for oil and natural gas companies. Individual clients commission proprietary or exclusive surveys, which generally cover a limited area. Multi-client surveys are funded by geophysical surveying companies, which then own and market or license the data to clients.
Dependence on the Fossil Fuel Industry
Demand for geophysical surveying and mapping services is dependent on the level of spending on the oil and natural gas industry, which is cyclical and affected by global market conditions.
Uneven, Seasonal Demand
Demand for geophysical surveying and mapping services is uneven and influenced by seasonal factors.
Industry Financial Benchmarks
Here are typical financial statements for geophysical surveying and mapping services.
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