TGC is No. 3 in Business Week Ranking
May 2007

TGC Industries, Inc. has been ranked by Business Week magazine as the third “fastest growing small company in the U.S.” in its annual listing of top 100 picks for investors.

The annual reporting was released on May 26, 2007 and offers Business Week’s critique and selection of the top 100 small U.S.-based companies they believe show “eye-popping growth.”

TGC was ranked third on the list and far ahead of the field of 17 other oil industry-related companies also named. Unlike previous annual rankings that have typically featured high-technology upstart companies, the 2007 listing entitled “The Shock of the Old” includes a large number of companies that have been in business for many decades and are considered by Business Week as “old-line stalwarts.”

TGC, historically known as Tidelands Geophysical, is celebrating its 40th Anniversary as a leading provider of seismic acquisition services.

To be considered for Business Week’s annual Top 100 “Hot Growth” ranking, companies were required to have annual sales between $50 Million and $1.5 Billion, their current market value must be greater than $25 Million, and their stock must be valued above $5.00 per share and actively traded.

Hot Growth

3. TGC Industries
Thump, blast, listen. That's TGC Industries Inc. in a nutshell. The Plano (Tex.) company's Tidelands Geophysical unit uses huge truck-borne thumpers or dynamite to send vibrations deep into the earth, then listens for the echoes with sensitive geophones. That provides a three-dimensional portrait of the subsurface, indicating good spots to drill for oil and gas.

TGC's eight crews operate in the continental U.S., where oil and gas companies are re-exploring old fields to take advantage of high prices and new, more efficient techniques for extracting hydrocarbon deposits. Another TGC unit maintains a database of tiny fluctuations in the gravitational field that can be a sign of oil-trapping salt domes. TGC's revenue jumped 26% in the first quarter from a year earlier, but net income fell 25%. The company blamed bad weather in Colorado and Kansas that idled some of its crews. High energy prices come and go, but when you're in the seismic recording game, business is always…booming.

The entire listing and related story from Business Week is found here

TGC is further featured in a Business Week news video announcing the release of the annual list here