PSI On Other Exchanges
text size: T | T
Back to Snapshot
Company Description

Contact Info

6130 Third Street SE

Calgary, AB T2H 1K4


Phone: 403-301-3400

Fax: 403-301-3499

Pason Systems Inc., an oil services company, together with its subsidiaries, provides rental oilfield instrumentation that are designed and manufactured for use on land-based rigs for the oil and gas industry. The company supports oil and gas companies (Operators) and Drilling Contractors (Contractors) in Canada, the United States, Mexico, South America and Australia with an integrated package of complex services including data acquisition, well site reporting software, remote communications and Internet information management tools. Products and Services The company's products and services comprise Rental Instrumentation and Geological Services. Rental Instrumentation Electronic Drilling Recorder (EDR): The EDR is a system of instrumentation and monitoring equipment that acts as a base for all data capture, data display and communications at the rig site. Each EDR system consists of a proprietary doghouse computer (DHC), sensors, junction box, and a series of workstations all connected via a local network. EDR workstations operating with the Tool Push Computer (TPC) server present drilling data to the Driller, Rig Manager, Tool Push, Geologist, and any other third party in real time at the rig site. Once collected, rig data is transmitted via broadband satellite to the DataHub to be centrally stored for use by Operator and Contractor engineers and office staff. The EDR is also designed to work with various add-on products and systems developed by Pason such as a small rig floor workstation (Sidekick), Total Gas System, Pit Volume Totalizer, Electronic Choke System, Automatic Driller and the Gas Alarm System. Pit Volume Totalizer (PVT): The PVT is used to monitor mud tank levels and mud flow rate out of the wellbore to detect and warn rig crews of impending ‘kicks’, resulting from gas or fluids entering the wellbore while drilling. The PVT provides critical information for maintaining the safe operation and control of the well throughout the drilling process. Total Gas System (TGAS): The company developed the Total Gas System (TGAS) used to measure the quantities of hydrocarbon gases exiting the wellbore, and then adjust the detection time noted at surface to calculate the formation depth where the gases were produced. Electronic Choke Control System: The Electronic Choke Control System is used to control and bleed off gas kicks from the wellbore. It allows the choke valve to be operated remotely from the doghouse, where the rig crew can monitor drilling rig parameters. The Electronic Choke Control System is designed to be installed, maintained and to improve drilling safety. Automatic Driller: The company developed the Automatic Driller to control the feed rate of the bit to various preset parameters, such as weight on bit, pressure, torque, and rate of penetration. Hazardous Gas Alarm: The Gas Alarm System is a companion product to the EDR and ESR that detects and reports the presence of hydrocarbons and/or hydrogen sulphide gas in the air at the rig site. The system provides early warning to rig workers when gas levels reach dangerous levels. Electronic Service Recorder (ESR): The ESR deploys remote data collection and improved communication services directly to the well site. Communication Services DataHub: The DataHub is a custom database driven Web application used to store and provide access to data collected by EDR and ESR systems. It provides a mechanism to collect, store and present drilling data and reports in a true electronic well file. Data can be viewed in real-time using the DataHub over Live Rig View (LRV) or downloaded from the DataHub in LAS, CSV, WITSML and other text formats that can be used to populate customer databases and third party applications. Geological Services In the United States, the company offers geological services, including remote services facilitated by a team of geologists working around the clock in a centralized ‘command center’ to fully-manned services with multiple on–site geologists. The geological services influence Pason’s core rental products (EDR, PVT, TGAS) to provide a customizable wellsite geological solution suitable for any drilling situation. International Operations As of December 31, 2008, the company's international operations included Latin America and Australia. The Latin American operations were engaged in Mexico and all oil-producing countries in South America except Venezuela. History Pason Systems Inc. was founded in 1978.


The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

PSI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PSI.
View Industry Companies

Industry Analysis


Industry Average

Valuation PSI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.0x
Price/Book 3.4x
Price/Cash Flow 51.2x
TEV/Sales 6.2x

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact PASON SYSTEMS INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at